2024 BENEFITS GUIDE
HOSPITAL INDEMNITY Principal's Hospital Indemnity coverage helps cover costs that medical insurance alone can’t stop from draining your finances such as copays, deductibles, alternative treatments — these unexpected expenses add up quickly. Hospital Indemnity insurance gives you an affordable option for easing the financial burden that can come with a hospitalization and associated treatment. Hospital Indemnity Insurance provides features that could be valuable including: Benefits available due to hospitalization and associated treatment Portability through Continued Insurance with Premium Payment which allows the ability to keep your exisitng coverage when your employment status with your employer changes. Lump-sum benefit payments to use as you feel necessary Access to discounts or services that provide actionable tools and resources to help navigate life's twist and turns
Premiums are below: Full benefit amounts and rates, you can find on your online enrollment platform.
Bi-Weekly Premium Rates
Monthly rate
Employee Employee & spouse Employee & child(ren) Family
$6.54 $18.65 $11.62 $24.67
Hospital confinement
Emplolyee benefit payable
Up to a maximum of:
To qualify for a benefit under this policy, the definition of the incurred sickness or injury must be satisfied while covered under the Hospital Indemnity policy, and policy provisions must be met. Hospital confinement benefits may vary by benefit payable amount for sickness or injury; however, the maximum days per year is not a separate days payable by
hospital confinement type. First day hospital - sickness
$1,000
1 day per year
First day hospital - injury
$1,000
1 day per year
First day ICU - sickness
$2,000
1 day per year
First day ICU - injury
$2,000
1 day per year
Daily hospital - sickness
$100
31 days per year
Daily hospital - injury Daily ICU - sickness Daily ICU - injury Newborn nursery
$100
31 days per year
$200
31 days per year
$200
31 days per year
$100
1 day per year
Note: This is a brief summary – please refer to your Principal certificate for details. Please contact Principal's Customer Service at 1-800-245-1522 with questions regarding benefits and claims.
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