Hospital Indemnity Insurance pays a fixed daily benefit if you have a covered stay in a hospital on or after your coverage effective date. See the product brochure, certificate of coverage and any applicable riders for the definition of covered facilities, along with complete provisions, exclusions and limitations.

If you’ve ever been hospitalized, then you already know that your major medical insurance may not pay all of your medical expenses. Whatever remains is what you’ll be expected to pay on your own. Out-of-pocket deductibles, copays, out-of-network charges, and other uncovered expenses can add up.

You can use the paid benefit you receive from this coverage to help you pay for not just out of pocket expenses related to your medical care, but other expenses as well.

• Pays a benefit directly to you to use however you want
• It can help pay out-of-pocket expenses related to medical care associated with a covered accident or sickness
• In addition to medical care, you may use it to pay for things like childcare, lodging, or over-the-counter medication

You can collect this benefit regardless of other coverage you have, including your employer’s major medical plan, any other type of medical coverage, disability insurance, or other benefits you may be eligible to collect. Hospital Confinement Indemnity Insurance is a limited benefit. It is not health insurance and does not satisfy the requirement of minimum essential coverage under the Affordable Care Act.  

A hospital stay and the accompanying expenses can have an impact on your finances.  

Since you have the freedom and flexibility to choose how you spend your benefit payment, you can use it to help pay for anything you want. Even use it to help pay regular living expenses such as grocery bills, mortgage payments, childcare, and transportation – all of which could become a concern if you lose income while you’re in the hospital.

These are the periods when you are eligible to enroll for Hospital Indemnity Insurance:

1. Within your new hire enrollment period
2. If you have a qualifying life event (you get married, have a baby, etc.)
3. During your employer’s annual enrollment

Check with your employer’s human resources/benefits team for specifics about these timeframes.

Keep in mind: Hospital Indemnity Insurance is guaranteed issue coverage which means no medical questions or tests are required to enroll. Pre-existing condition limitations may apply.

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Plan summary

Hospital Indemnity Benefits and Costs