Group Hospital Indemnity

What Is Hospital Indemnity Insurance?

Hospital Indemnity insurance helps keep your finances on track when you're in the hospital. Planned or unplanned, a trip to the hospital can be scary. It can be even more frightening to know that your medical insurance probably won't cover all your costs. Group Hospital Indemnity insurance can help cover unexpected out-of-pocket expenses such as copays, deductibles and out-of-network charges, as well as everyday living expenses. It pays a benefit directly to you for hospital-related events, regardless of your treatment costs or other insurance coverage you might have.

How Does Hospital Indemnity Insurance Work?

Hospital Indemnity insurance provides a cash benefit when you need it. Even the best budgeters can forget to set aside money for medical expenses. Hospital Indemnity insurance can help cover unexpected out-of-pocket expenses when you end up in the hospital. It also allows you to:

  • Choose how to spend your benefit. It's your money — spend it however you want, whether it's to pay for your groceries, rent or medical bills.

  • Lock in your rate. For example, if you're 35 when you apply for coverage, you'll pay a 35-year-old’s rate for as long as you have the coverage.

  • Take it with you. If you leave your job, you can take your coverage with you.