Ancillary Benefits
Barron's Insurance Dictionary:
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Ancillary Benefits
Health insurance coverage for miscellaneous medical expenses associated with a hospital stay. Benefits provided in individual and group health insurance include ambulance service to and from a hospital, drugs, blood, surgical dressings, operating room, medicines, bandages, X-rays, diagnostic tests, and anesthetics.
Ancillary benefits are expressed as a multiplier of the daily hospital benefits (10, 15, or 20 times).
Ancillary benefits are expressed as a multiplier of the daily hospital benefits (10, 15, or 20 times).
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Investopedia Financial Dictionary:
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Ancillary Benefits
A secondary type of health insurance coverage that covers miscellaneous medical expenses that are incurred during a stay at the hospital. Ancillary benefits can cover expenses such as ambulance transportation, blood, drugs and medical supplies like bandages. These benefits are usually layered on top of major medical coverage.
Investopedia Says:
Ancillary benefits are offered to cover those expenses which many neglect to factor into the cost of healthcare. They are usually quoted as a multiplier of daily benefits provided by the hospital. For example, an ancillary policy may cover 20-times this daily benefit.
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Barron's Insurance Dictionary
Dictionary of Insurance Terms. Copyright © 2008 by Barron's Educational Series, Inc. All rights reserved.
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