Hospital Indemnity Insurance in Southwest Missouri

Protect Yourself from Unexpected Out-of-Pocket Costs

Even with Medicare or other health insurance, hospital stays and emergency visits can lead to unexpected expenses. That’s where Hospital Indemnity Insurance comes in. This coverage provides cash benefits paid directly to you, helping offset the out-of-pocket costs associated with inpatient care.



At Medicare MO Plans / Akeman Insurance, we help individuals across Mt. Vernon, Springfield, Aurora, and surrounding communities find flexible indemnity plans that offer peace of mind during medical emergencies. You’ll get straightforward, local guidance on how to protect yourself financially — with no pressure and no call centers.

What Is Hospital Indemnity Insurance?

Hospital indemnity plans are supplemental insurance policies that pay you a fixed amount of money when you experience a covered medical event. This may include:


  • Hospital admission
  • Daily hospital confinement
  • Emergency room visits
  • Outpatient surgery
  • Observation stays
  • Inpatient mental health treatment

Unlike traditional health insurance, you receive direct payment, and you choose how to use it — whether that’s paying bills, covering travel, or offsetting lost income.

How Does It Work?

Here’s an example:
If you’re hospitalized for three days, your plan may pay a lump sum for admission and a daily benefit for each night you’re in the hospital. The money goes directly to you — not to the hospital or insurance company — and you decide how it’s spent.

Depending on the policy, you can also add optional riders for additional protection, such as:


  • Ambulance services
  • Cancer diagnosis benefits
  • Skilled nursing facility stays
  • Outpatient physical therapy
  • Urgent care visits
  • Chiropractic care

We help you customize your coverage based on your age, health, and financial goals.

Why Consider Hospital Indemnity Coverage?

Medicare and Medicare Advantage plans often include copayments, deductibles, or daily coinsurance charges for hospital stays and related care. Hospital indemnity insurance helps cover these costs — and protect your savings — by paying you directly.


Key Benefits Include:


  • Cash Payouts Regardless of Other Insurance
  • No Deductibles or Waiting Periods (on select plans)
  • Choose Any Hospital or Doctor
  • Guaranteed Issue for Ages 64–67
  • Flexible Coverage Amounts and Riders

This coverage is especially helpful if you:


  • Have a high-deductible Medicare Advantage plan
  • Want to protect against the financial risk of hospital stays
  • Live on a fixed income and need extra protection
  • Want peace of mind without changing your core coverage
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How Akeman Insurance Helps

Choosing a hospital indemnity plan isn’t just about comparing prices — it’s about making sure your policy actually meets your needs. That’s where we come in.



When you work with Akeman Insurance, you get:

  • A local, licensed broker who listens and explains your options clearly
  • Access to multiple insurance carriers offering competitive plans in Missouri
  • Help customizing your policy with the right benefit levels and riders
  • Step-by-step enrollment support
  • Year-round availability for plan reviews and questions

When Can You Enroll?

You can apply for a hospital indemnity plan any time of year. These policies are available to most individuals between the ages of 18 and 85, and some plans offer guaranteed acceptance for those turning 65 or newly enrolling in Medicare.



We’ll help you find plans with:

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Affordable monthly premiums

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Guaranteed issue availability (no health questions)

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Immediate benefit access

Frequently Asked Questions

  • Does hospital indemnity insurance replace my Medicare plan?

    No. Hospital indemnity coverage is supplemental — it does not replace Medicare or Medicare Advantage. It works alongside your existing coverage to help with out-of-pocket costs.


  • Do I get to choose how the money is used?

    Yes. Cash benefits are paid directly to you, and you can use the money for any purpose — medical bills, travel expenses, home care, or household bills.


  • Can I add this coverage to a Medicare Advantage plan?

    Absolutely. In fact, hospital indemnity is especially popular among Medicare Advantage members looking to offset high daily copays for hospital stays or ER visits.


  • Why Work with Akeman Insurance?

    • We’re Local: Based near Mt. Vernon, we understand the plans available in your area
    • We’re Independent: We compare all available plans, not just one company
    • We’re Personal: You speak with a real, licensed agent — no call centers
    • We’re Experienced: We’ve helped hundreds of clients find the right prescription coverage
    • We’re Here All Year: Call us any time — not just during enrollment season

    Our only goal is to help you get the right coverage for your medications and budget.


Ready to Protect Your Health and Finances?

Hospital indemnity insurance can make a big difference when life throws you the unexpected. Let’s explore your options and put a simple, affordable plan in place — before you need it.