Hospital income insurance

Term · Insurance and risk management · MLC-T-INS-001746

A supplemental insurance policy that pays a fixed daily or weekly cash benefit directly to the insured for each day they are hospitalized due to illness or injury. This benefit is paid regardless of other insurance coverage and can be used to cover deductibles, co-payments, or other out-of-pocket expenses. It is not designed to replace major medical insurance but to complement it.

Table 1. Record
Identifier	MLC-T-INS-001746
Field	Insurance and risk management

Record as JSON

{
  "id": "MLC-T-INS-001746",
  "term": "Hospital income insurance",
  "field": "Insurance and risk management",
  "definition": "A supplemental insurance policy that pays a fixed daily or weekly cash benefit directly to the insured for each day they are hospitalized due to illness or injury. This benefit is paid regardless of other insurance coverage and can be used to cover deductibles, co-payments, or other out-of-pocket expenses. It is not designed to replace major medical insurance but to complement it.",
  "url": "https://mlchart.com/terminology/insurance/hospital-income-insurance/"
}

Record 1,676 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.