Hospital Indemnity Insurance provides you with a cash benefit you can use to help pay expenses when you have a covered hospital stay.

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

That’s where Hospital Indemnity Insurance comes in handy. You can use the cash benefit you receive from this policy to help you cover not just bills related to your medical care, but any other expenses as well.

• Pays a benefit for you to use however you want
• The payment is made directly to you
• It can help pay out-of-pocket expenses related to hospital stays
• 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 in addition to 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. However, it is NOT health insurance and does not satisfy the requirement of minimum essential coverage under federal law.

A hospital stay may be costly to your finances in two ways:

• Medical bills. After being admitted, you are charged for each day you’re in the hospital – and even a short stay may end up being costly. In addition to the hospital stay itself, treatments, tests, and surgery can add to the costs.
• Lost wages. Each day in the hospital could mean taking time off of work, or a family member may take time away from their job to help support you. If this affects the paycheck that your family relies on, you may need to use savings or even borrow money. Hospital Indemnity Insurance helps eliminate your financial concerns.  

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, child care, and transportation – all of which could become a concern if you lose income while you’re in the hospital.

Instead of turning to your savings or taking on credit card debt to pay those medical bills, you can use the cash you receive from this policy to help pay them. That means more time spent focused on getting well again.

You are eligible to enroll in Hospital Indemnity Insurance during the following times:

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: If you enroll during these timeframes, you have what is called "guaranteed issue," subject to any applicable pre-existing condition limitations, and you must meet the “Actively at Work” requirement to be eligible.

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