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 medical plan may not pay all of your medical expenses. Whatever remains is what you’ll be expected to pay on your own. Deductibles, copays, out-of-network charges, and other uncovered expenses can add up to big bills, 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 plan to help you cover not just bills related to your medical care, but any other expenses as well. 

• Pays a cash benefit payment to use however you see fit
• The payment is made directly to you 
• Payments available for outpatient mental health and substance abuse screenings and care 
• Can be used for planned and unplanned hospitalizations 

This payment is in addition to your employer’s major medical. However, it is NOT a substitute for these coverages and does not meet minimum essential coverage as defined by federal law.

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.

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 less time spent worrying about money and more time spent focused on getting well again.

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: You must have insurance in place before a covered hospitalization occurs in order to be eligible to collect the benefit when you need it.