Hospital Indemnity Insurance | Chubb

Hospital Indemnity Insurance | Chubb
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Hospital Indemnity Insurance

Helps you pay for out-of-pocket expenses that result from a covered hospital stay.
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Here's what you need to know

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.

These form(s) are in Adobe Acrobat Reader (PDF) format and are available for downloading and printing.

 

Hospital Cash Plan 1 Brochure 

 

Hospital Cash Plan 2 Brochure

 

Hospital Cash disclaimer

How It Works

Number one Enroll now icon

You enroll in Hospital Indemnity Insurance

Number two Hospital icon

After insurance is in effect, you have a covered stay in a hospital

Number three Giving money icon

You file a claim and receive an eligible benefit payment

Number four shopping-cart icon

Use your money however you want

Shown as an example only. Actual results may vary.

You are admitted to the hospital.

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Frequently Asked Questions

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  • Who offers this coverage?

    Chubb Workplace Benefits

    Combined Insurance Company of America, a Chubb company, is a leading provider of supplemental health, accident, disability and life insurance products for employers of all sizes and individuals. Building on over 100 years of success, the company operates under two brands. The Combined brand in the U.S. and Canada provides supplemental benefits to individuals and small businesses through independent agents and brokers. Our Chubb Workplace Benefits division caters to mid- and large-market employers sold through brokers and benefits consultants. Combined Insurance Company of America and Combined Life Insurance Company of New York have an A+ rating by the Better Business Bureau and an A + (Superior) financial strength rating by AM Best. In New York, products are underwritten by Combined Life Insurance Company of New York (Latham, NY).

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  • When is a benefit paid under the plan?
    Once your coverage is effective, Hospital Indemnity Insurance pays a daily fixed benefit if you have a covered stay in a hospital, on or after your coverage effective date. The benefit amount is determined based on the type of facility and the number of days you stay..  The admission and daily confinement benefit amounts depend on the type of facility and the number of days of confinement. Only one type of confinement or admission benefit is payable per day. Any combination of confinement and admission benefits payable will not exceed a total of 31 days during a period of confinement. For a complete description of your available benefits, exclusions and limitations, see your certificate of insurance and any riders.
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  • Who in my family is eligible for this program?

    Members of your family who are considered eligible to enroll for insurance include:

    • You – if you are an active employee
    • Your legal spouse
    • Your eligible dependent children

     

    You must be enrolled in coverage for members of your family to also enroll. 

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  • How much does coverage cost?

    Please refer to the enrollment materials or contact your employer for more information about rates.
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  • Do I have to answer health questions or take a medical exam?

    No, you don’t. Your Hospital Indemnity Insurance is guaranteed issue, which means no medical questions or tests are required to enroll in this coverage. Pre-existing condition limitations may apply.
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  • What if my employment status changes?

    Good news! If you leave or retire from your current employer, you can continue your Hospital Indemnity Insurance without interruption (subject to applicable law and the policy’s terms and conditions). Although payroll deduction will no longer be available, you can opt for other payment methods such as direct bank account deduction, credit card billing or home billing. Higher rates may apply. 
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  • When would my coverage start?

    Coverage is effective on the 1st of the month after coverage is issued by the insurance company.
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  • Am I really free to use the payment any way I choose?

    Yes you are.  There are no restrictions about how you can use a paid hospital indemnity benefit.  You can use it for out of pocket expenses that you choose such as medical copays or deductibles, or other expenses such as groceries or childcare.  

Are you ready To Enroll?

Act now to put Hospital Confinement Indemnity Insurance in place to help minimize the financial impact of a hospitalization.
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Do You Need Help?

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Phone Number:1-800-642-5746

  • Carrier Disclaimers

    This is a supplement to health insurance and is not a substitute for Major Medical or other minimum essential coverage.

     

    1. Hospital indemnity coverage provides a benefit for covered loss; neither the product name nor benefits payable are intended to provide reimbursement for medical expenses incurred by a covered person or to result in any payment in excess of loss.

    2. Hospital and Surgery Costs 2021, Debt.org/medical/hospital-surgery-costs/

    This document is a brief description of Form No. C82000 (or applicable state version). Refer to your certificate of insurance for specific details about benefits, exclusions, and limitations. Chubb is the marketing name used to refer to subsidiaries of Chubb Limited providing insurance and related services. This insurance product is underwritten by ACE Property & Casualty Insurance Company.

  • Mercer's Role & Compensation
    View details of Mercer's disclosure of compensation