HOSPITALIZATION INSURANCE Meaning and
Definition
-
Hospitalization insurance, also known as hospital indemnity insurance or hospital insurance, is a type of coverage that provides financial protection to individuals or families in the event of a hospital stay due to illness, injury, or surgery. It is a supplementary insurance policy that aims to cover expenses not covered by primary health insurance.
This type of insurance typically pays a fixed daily or weekly benefit for each day spent in the hospital, regardless of the actual medical costs incurred. It bridges the gap between the expenses incurred during hospitalization and the coverage provided by primary health insurance plans. The benefit amount is predetermined at the time of policy purchase and is often based on the length of the hospital stay.
Hospitalization insurance covers a wide range of costs, including room and board, doctor fees, nursing care, testing and diagnostics, surgical procedures, and sometimes even specific out-of-pocket expenses such as transportation or medication. It is designed to help policyholders cope with the financial burden associated with hospitalization, such as deductibles, co-pays, and non-covered services.
The purpose of hospitalization insurance is to provide individuals with financial security and peace of mind during a hospital stay, reducing the financial strain that can arise from unexpected medical expenses. It is a valuable safeguard in ensuring that individuals can receive necessary medical care without worrying about the associated costs.
Common Misspellings for HOSPITALIZATION INSURANCE
- gospitalization insurance
- bospitalization insurance
- nospitalization insurance
- jospitalization insurance
- uospitalization insurance
- yospitalization insurance
- hispitalization insurance
- hkspitalization insurance
- hlspitalization insurance
- hpspitalization insurance
- h0spitalization insurance
- h9spitalization insurance
- hoapitalization insurance
- hozpitalization insurance
- hoxpitalization insurance
- hodpitalization insurance
- hoepitalization insurance
- howpitalization insurance
- hosoitalization insurance
Etymology of HOSPITALIZATION INSURANCE
The etymology of the word "hospitalization insurance" can be broken down as follows:
1. Hospitalization: The word "hospitalization" is derived from the noun "hospitalize", which means to admit or place someone in a hospital for medical care or treatment. The word "hospitalize" is formed by adding the suffix "-ize" to the noun "hospital". The noun "hospital" originates from the Latin word "hospitālis", which means "of or pertaining to a guest or host" or "hospitable". Over time, the term "hospital" evolved to specifically refer to institutions or facilities where medical care is provided.
2. Insurance: The word "insurance" comes from the Old French noun "ensurance", which was derived from the verb "asseurer", meaning "to assure" or "to make sure".
