Help Protect Employees from the Hospital Costs Medical Insurance Won't Cover
Rising deductibles and increased out-of-pocket costs are placing a larger financial burden on employees — a burden they may not have the resources to support. Group Hospital Indemnity insurance from The Standard can help employees prepare for the expenses associated with a hospital stay that medical insurance won't cover.
Here's How It Works
Members hospitalized more than 30 days can waive premiums until after their confinement ends.
For more information about Group Hospital Indemnity insurance, contact your insurance advisor or the Employee Benefits Sales and Service Office for your area at 800.633.8575.
Identify the Plan Design Best-suited for Employees
Start by determining the plan that works best.
Hospital Indemnity: This plan can be customized to be compatible with an HSA. Employers are able to select the benefit amount and how many days of hospital and/or critical care unit (CCU) confinement are covered. Other optional benefits available are hospital admission or CCU admission.1
Select: This plan covers hospital admission, daily hospital confinement, daily CCU confinement, physician follow-up care, urgent care, major diagnostic exams and hearing devices. This option is not compatible with an HSA.
Enhanced: This plan covers all benefits within Select, plus CCU admission, emergency room visits, outpatient X-ray/laboratory services, ground ambulance transportation, inpatient surgery and anesthesia, and skilled nursing facility care. Benefit amounts and limits are higher than Select plan offerings. This option is not compatible with an HSA.
Premier: This plan covers all benefits within Select and Enhanced, plus air ambulance transportation and rehabilitation facility care. Benefit amounts and limits are higher than Select and Enhanced plan offerings. This option is not compatible with an HSA.
Opt for Added Features and Benefits
Other benefits available under the Select, Enhanced and Premier plans may include:
- Substance Abuse/Mental Disorder Coverage: Provides benefits for daily inpatient care for substance abuse or mental health conditions.
- Private Nurse coverage: Provides benefits for private nursing care if a patient is hospitalized.
- Outpatient Surgery coverage: Provides benefits for outpatient surgery due to accidents or illnesses.
The Health Maintenance Screening benefit encourages employees and covered family members to maintain their health. It pays an annual benefit for covered wellness screenings, such as mammograms, lipid panels and colonoscopies, and can be included on any of the plans.
1 The inclusion of a hospital admission and/or CCU admission benefits in a Hospital Indemnity plan may not be compatible with an HSA. Consult your own tax advisor for advice.
Education and Enrollment
Voluntary products can help provide employees with the peace of mind that they're doing everything they can to protect themselves and their families. But the success of a voluntary benefits package hinges on the education and enrollment support behind it.
Targeted Enrollment Approach
The Standard will work with you to develop tailored enrollment strategies for a voluntary program. The goal: An effective communication campaign that helps address corporate culture and any enrollment problems you're looking to solve.
A comprehensive enrollment campaign features materials that help employees understand and better appreciate their benefits options:
- Customized enrollment campaign materials
- Personalized enrollment forms and booklets
- Online benefits education tools and materials
We can also provide:
- Integration with benefits administration platforms
- Online enrollment system and solutions
- Support for on-site benefits education
- Group meetings
- One-on-one enrollment
The Standard offers several easy-to-use methods to submit a claim. The quickest way to submit a claim or a notification of death is to log on to www.standard.com and follow the step-by-step interactive process.
Simplified administration is what you'll experience when you select The Standard as your one partner for virtually all your employee benefit needs beyond the medical plan.
It all centers on our processes and administration systems. They make it easy for employers to manage benefits, reconcile bills and add or remove members.
Billing is also simplified. With one bill employers can make one payment for Life, AD&D, Short Term Disability, Long Term Disability, Accident, Critical Illness and Hospital Indemnity.
Plus, there's the convenience of online features, including:
- Bill payment
- Member maintenance
- Policy documents
- Life and Disability medical evidence and claims reports
- Employer disability claim statement
- Claims submission2
2 Not available for Dental or Vision insurance.