Flexible Spending Accounts Voluntary Hospital Indemnity
Supplemental Health Benefits HOSPITAL INDEMNITY INSURANCE
Laura’s Hospital Stay
Plan Benefits
This insurance pays benefits directly to you to help offset the out-of-pocket expenses associated with an unexpected hospital stay, such as deductibles, copays or lost income. Benefits are paid based on inpatient hospital admissions and confinement. The benefit is yours to use however you want, including paying for healthcare expenses, mortgage, rent, or other bills.
Hospital Admission
$1,000
2 Additional Days of Confinement
$300
Newborn Nursery Admission
$200
COVERED EVENTS Benefits are included for: • Hospital Admissions • Hospital Stays
Total Benefit
$1,500
• Intensive Care Unit Stays • Rehabilitation Unit Stays • Substance Abuse Facility Care • Mental Illness & Nervous Disorder Facility Care • Newborn Nursery Admissions ADDITIONAL BENEFITS: No pre-existing condition exclusion Portability included – allowing you to take the policy with you if you end employment
*Please refer to the benefit plan summaries for details on all policies.
Per Pay (26 payrolls)
Bi-weekly Premium
$7.16
Employee
$16.05
Employee + Spouse
COVERAGE OPTIONS: Coverage is available to employees, spouses and dependent children
$11.96
Employee + Child(ren)
$19.94
Family
EXAMPLE CLAIM: Laura is admitted the hospital to give birth to her new baby. Her normal delivery kept her in the hospital for a total of three days. Fortunately, Laura’s Hospital Indemnity plan paid her cash benefits to help cover her medical costs – benefits that allowed her to focus on her new baby rather than the financial impact of the hospitalization
For more information on Hospital Indemnity, view education video HERE
18
Made with FlippingBook. PDF to flipbook with ease