What is a major hospitalization policy?
The Bankrate.com financial term of the day is: "major hospitalization policy."
A trip to the hospital can cost thousands of dollars, maybe even tens of thousands of dollars. A major hospitalization policy can be an affordable way to protect yourself from sky-high hospital bills. The insurance typically comes with a high deductible that you'll have to pay out of your own pocket before the coverage will kick in. Then, once the insurance takes over, you'll be covered up to a high limit. The policies are similar to major medical coverage for injuries and illnesses, except that they apply only to hospitalization, not any other related costs.
A major hospitalization policy can spare you from big financial pain if you wind up in the hospital.
To compare insurance policies, get a quote by visiting the Insurance section at Bankrate.com.
Shopping for insurance? Follow these tips from top experts in the insurance field.
Big changes are in store for America's health insurance system. Do you know how it will affect you?
Want to save on insurance? Make sure to check on any new discounts your insurer may be offering.
Get in the habit of reviewing your policies annually -- you could save money by doing so.
Not sure when to review your insurance policy? Experts share their thoughts on when to do so.
Follow this 6-month homeowner countdown so you are ready come closing day.
Think your holiday gift list might break your budget? Consider one of these items on sale this month.
Before you take off, land the best deal on your airfare.
Follow these expert tips to save on gift wrapping without breaking the bank.
Bankrate wants to hear from you and encourages thoughtful and constructive comments. We ask that you stay focused on the story topic, respect other people's opinions, and avoid profanity, offensive statements, illegal contents and advertisement posts. Comments are not reviewed before they are posted. Bankrate reserves the right (but is not obligated) to edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused.
A little research could save you BIG on interest.