Define the coverage that pays a flat amount per day for hospitalization, regardless of expenses or other insurance:

The coverage that pays a flat amount per day for hospitalization, regardless of expenses or other insurance, is known as Hospital Indemnity insurance. This type of insurance is distinct in that it provides a specified cash benefit for each day an insured person is confined to a hospital. This payment is made regardless of the actual costs incurred during hospitalization or any other insurance coverage the individual may possess.

Hospital Indemnity insurance serves as a supplementary financial resource designed to help cover out-of-pocket costs that arise during a hospital stay, such as deductibles, co-pays, or non-medical expenses like travel or child care. This benefit can provide peace of mind, helping policyholders manage the financial impact of hospitalization without being tied to particular medical expenses.

In contrast, other types of insurance mentioned do not provide this specific structure. Accident insurance typically covers injuries resulting from accidents, while supplemental insurance is a broader term that may refer to any additional coverage that enhances or adds to primary insurance policies. Disability insurance, on the other hand, provides income replacement in the event that a policyholder cannot work due to illness or injury, rather than focusing on hospital stays specifically.