Hospital Indemnity Insurance | Securian Financial

Hospital indemnity insurance pays a cash payout if you have a covered hospital stay.

If you’re hospitalized whether it’s a planned surgery, a new baby or a trip to the emergency room, hospital indemnity insurance can provide additional financial support. It works alongside your health insurance, not instead of it. And you can use the money for whatever you need, whatever helps you focus on getting better - deductibles, travel expenses, or keeping up with every day expenses like rent, groceries and child care.

• Cash payments paid directly to you for planned and unplanned hospitalizations to use for medical and non-medical expenses
• Payments are available for outpatient mental health and substance abuse screenings and care
• $50 health and wellness benefit available to everyone enrolled in coverage
• Ability to submit labor and delivery claim ahead of hospital stay at 36 weeks pregnant and be paid
• Helps cover out-of-pocket expenses that your health insurance may not fully cover

Any hospital indemnity insurance payments are separate from your employer’s major medical. However, it is NOT a substitute for major medical coverage.

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.

You can enroll for hospital indemnity insurance at these times:

1. When you’re newly hired - usually within 31 days of your start date
2. When you have a life event that allows a benefit change, such as getting married or having a baby
3. During your employer’s annual enrollment period

Your enrollment timing is set by your employer, so contact your benefits team for the exact dates and rules that apply to you.

Keep in mind: Your coverage must already be active before a covered illness is diagnosed in order for benefits to be paid. 

Visit our educational microsite for more information about your coverage options and costs. Visit securian.com/chevron-insurance

From the site, you can access Benefit Scout, a tool to help you evaluate how much life insurance you need.