With the rising cost of health care, one trip to the hospital could cause a serious financial setback — given the deductibles, co-pays and out-of-pocket expenses. Group hospital indemnity coverage can help employees manage these unexpected costs, by providing lump-sum benefits for many of the things medical insurance may not cover.
Group hospital indemnity coverage is a cost-effective way to complement your total benefits offering. Every plan pays a hospital admission benefit from $500 to $5,000, depending on the coverage you choose. You can further enhance coverage with options like special benefits for surgical procedures or days in the hospital — even transportation and lodging. And because this coverage is employee paid, you can provide this benefit at little or no cost to your company.
One plan design across multiple locations streamlines education and enrollment
Spouses and children can be easily added to employee plans
A cash benefit for select health screenings encourages individuals to be proactive about their well-being, which could lead to a healthier overall workforce
Eligible employees can get coverage without answering health questions, for an easier enrollment process