Choose the benefits that work best with your medical plan. Our HSA-compatible plans include hospitalization benefits that are flexible enough to help you provide the coverage your employees need. You can also select plans that aren't compatible with an HSA.
Complements Health Insurance
You can help employees prepare for the unexpected costs that can come with a hospital stay.
Being in the hospital may leave employees with expenses their medical plans don't cover. Group Hospital Indemnity insurance pays cash benefits to employees who've been hospitalized.
Employees can use the money for whatever they need during treatment or recovery. They can pay for medical expenses like copays and deductibles, or put the money toward living costs like utilities, groceries and child care.
How Hospital Indemnity Insurance Works
|1 Your employee is admitted to the hospital.||2 We send them a check.||3 They focus on recovering.|
|Their health insurance covers many costs of their stay and treatment. But your employee still has a lot of expenses, including deductibles, copays and other costs they couldn't predict.||With approval of the claim, The Standard will pay benefits directly to your employee. Then they decide how to spend the money.||With The Standard helping to cover their out-of-pocket or everyday expenses, your employee can focus on what matters most — their health.|
Employees and covered family members receive an annual cash benefit for participating in a wellness screening each year.
Customize your plan to work with an HSA.
Hospital Indemnity Plus insurance is offered exclusively to hospital system employers. It encourages employees to seek treatment within their employer's health-care system because they'll receive higher benefit amounts for hospital stays at an employer hospital system. It pays benefits directly to employees in addition to any other insurance they may have.
Need a quick, easy way to explain Hospital Indemnity insurance to your employees?
Here's a video on how Hospital Indemnity insurance works.
Help your employees prepare for the costs of going to the hospital.
Contact your insurance advisor to find out more about Hospital Indemnity insurance. You can also call the employee benefits sales and service office for your area at 800.633.8575.