HOSPITAL INDEMNITY
About Hospital Indemnity Insurance
Unexpected hospital visits lead to unexpected costs – and research shows that most people aren’t prepared to handle such surprise expenses. Hospital Indemnity Insurance can help cover some out-of-pocket medical costs associated with a hospital stay. This can be especially helpful if the major medical plan’s deductible has not been met. Hospital Indemnity benefits are paid directly to the covered person, regardless of other coverage, and can be used for any purpose – there are no restrictions.
How Hospital Indemnity Insurance Works
Group Hospital Indemnity Insurance pays cash benefits for covered expenses related to a hospital stay. People with this coverage submit claims after a hospital stay, and benefits are paid for approved expenses based on a pre-determined schedule of benefits. Employers may choose to include coverage for hospital stays due to pregnancy.
Features & Benefits
Coverage is Guaranteed Issue at initial enrollment subject to pre-existing condition limitations if applicable.*
Coverage available for spouse and children
Affordable premiums with convenient payroll deduction
Benefits are paid directly to the covered person without spending restrictions
Coverage may be portable, meaning insured persons may be able to take their coverage with them if they leave their employer