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Group Hospital Indemnity Benefit


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What is hospital indemnity?

Hospital indemnity insurance is a type of plan that pays a set amount – per day, per week, per month, or per visit – if you’re confined in a hospital. The Hospital Cash Plan is a hospital indemnity insurance plan. 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.

Provide Financial Protection
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.

Choose From Three Employer-Elected Plan Design Options

                    ►  Hospital Admission
                    ►   Hospital Admission
                  ►  Outpatient Surgical Procedure
                  ►   Diagnostic Procedure
                  ►   Hospital Admission
                  ►   Outpatient Surgical Procedure
                  ►   Inpatient Surgical Procedure
                  ►   Diagnostic Procedure
                  ►   Transportation and Lodging

Group Hospital Indemnity Also Offers These Valuable Features
                 Single Situs State
                      One plan design across multiple locations streamlines education and enrollment

                  Family Coverage Options
                      Spouses and children can be easily added to employee plans

                  Wellness Benefit
                       A cash benefit for select health screenings encourages individuals to be proactive about 
                       their well-being, which could lead to a healthier overall workforce

                   Guaranteed Issue
                       Eligible employees can get coverage without answering health questions, for an easier 
                       enrollment process

Did you know?
                ►    The average price for inpatient hospital admissions rose 5.3% in 2011, outpacing the rate 
                        of inflation at 3.2%1  
            ►    Annually, there are 42 emergency room visits for every 100 people in the United States. 2   
                   HCCI, Health Care Cost and Utilization Report: 2011, 2012
                       2   CDC,
National Hospital Ambulatory Medical Care Survey: 2010 Emergency Department 
                     Summary Tables
(Aug. 2012)

Insuring: Gurnee, Waukegan, Zion, Mundelein, Libertyville, Grayslake, Antioch, Ingleside, Round Lake, Round Lake Park, Round Lake Beach, Beach Park and Great Lakes, Illinois as well as Kenosha, Racine and Pleasant Prairie, Wisconsin. Along with other areas in Lake County, IL and we are a short 40 miles north of downtown Chicago.
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