These types of plans gained tremendous popularity after the introduction of Medicare Advantage plans. Since most Medicare Advantage plans have very large daily hospital co-pays that the insured must cover out of pocket, a hospital indemnity plan allows the client to obtain coverage for these co-pays at a fraction of the cost. A hospital indemnity plan is very straightforward and pays a set amount of money to the insured for each day they are hospitalized. The money is paid directly to the consumer and not to the hospital. Our advisors typically recommend that a consumer who purchases a Medicare Advantage plan to investigate purchasing a hospital indemnity plan as well. Our advisors have access to the top hospital indemnity plans available on the market.