Insurance is an insurance plan you can select in addition to your health insurance plan sponsored by your employer. You pay a monthly premium through payroll deductions, just like other benefits. If you are admitted to the hospital, you receive a fixed benefit amount directly to you to help cover the expenses. Depending on your plan, you could use the benefits for your deductible, coinsurance, transportation, medications, rehabilitation or home care costs, and some expenses incurred as you recover. Plan benefits are paid according to a fixed schedule of benefits for covered hospital confinements.