What are hospital cash plans vs. hospital plans?
A hospital cash plan is a type of insurance where you’re given a daily cash amount should you need to go to hospital. This money is designed to compensate you for not being able to work and earn money while you’re in hospital, and won’t cover the costs of your medical treatment. Hospital cash plans also usually only pay out from the fourth day you’re admitted to hospital. In contrast, a hospital plan is specific medical insurance that covers the full costs of in-hospital treatment you may need.