Advantage Series Hospital Indemnity Providing supplemental benefits for you and your family.
This is a Hospital Indemnity Insurance Policy Underwritten by ManhattanLife Assurance Company of America
ASHI-BR 0721
Advantage Series Hospital Indemnity Insurance
Designed to provide employees with coverage and peace of mind.
Coverage That Fits Your Employees’ Needs High deductibles and copays for hospital stays could put a financial strain on your employees when they should be focusing on their health. A ManhattanLife Hospital Indemnity plan provides the supplemental coverage to help bridge the gap between health insurance and out-of-pocket expenses in the event of an unforeseen hospital stay due to Injury or Sickness. Advantages of Hospital Indemnity From ManhattanLife • Can help reduce the financial strain of the high out-of-pocket expenses associated with hospital stays • Benefits are paid directly to the employee in addition to any other insurance coverage • Expertly focused coverage provides benefits to employees and their families when they need it most
Key Features • Guaranteed issue coverage available. • Issue Ages of 18 - 75
Did you know? The national average length of a hospital stay is 4.5 days. Source: Decreasing the Patient Length of Stay (LOS) to Lower HAIs Centrak.” Centrak. Web
Plan Options
Choose between our Classic and Preferred Hospital Indemnity plan options.
BENEFIT DESCRIPTION
VALUE
CLASSIC PREFERRED
Hospital Confinement Pays a benefit if confined as an inpatient in a Hospital due to a covered Illness or Injury for at least 18 consecutive hours. Maximum of 30 days per period of confinement. First Hospital Admission Pays a benefit upon the first inpatient Hospital stay during a Calendar Year. Payable once per Calendar Year. Diagnostic Benefit Pays a benefit for each day an Insured receives a covered test for the purpose of diagnosing a covered Injury or Illness.* Payable two times per Calendar Year. Intensive Care, Cardiac Care, and Burn Unit Benefit Pays a benefit if confined to an Intensive Care Unit, Cardiac Care Unit, or Burn Unit for at least 18 hours. Maximum of 10 days per Calendar Year. Pays a daily benefit if transferred to a Rehabilitation Facility after being Hospital confined. Maximum of 30 days per Calendar Year. Accident Benefit Pays a benefit if the Insured receives Emergency Treatment in a Hospital Emergency Room as a result of a covered Accident. Payable 3 times per Calendar Year. Ambulance Benefit Pays a benefit if an Insured receives transportation in an Ambulance by ground or air as a result of an Accident or Illness. Pays a maximum of 4 times for ground ambulance and 4 times for air ambulance per Calendar Year. Well-Being Benefit Rider Pays a benefit when an insured receives a covered screening. Up to 1 per calendar year per insured. OPTIONAL BENEFITS/RIDERS Rehabilitation Benefit
$100/day $100/day $200/day
$1,000
$1,000
$2,000
X
$50
$100
$200/day
$400/day
X
$100/day
$300
Ground: $150 Air: $300
$50
*Check the Policy for a list of covered tests.
Underwritten by: ManhattanLife Assurance Company of America 10777 Northwest Freeway, Houston, Texas 77092
Hospital Indemnity Fixed-Benefit Plans Hospital Indemnity plans pay a set of fixed benefits for covered charges incurred due to a Sickness or Injury regardless of other coverage.
Hospital Stay:
Amount:* $12,537* $12,537
Total Charges - 7 days
Example 1 Classic Plan
Current Balance:
ManhattanLife Pays: Admission Benefit
$1,000
Hospital Days at $100/day
$700
Total Paid:
$1,700
In addition to other coverage, the insured received $1,700, which can help cover deductibles and other out-of-pocket expenses.
Hospital Stay which required a ground Ambulance ride to the Hospital:
Amount:*
Example 2 Preferred Plan with the Ambulance Benefit added
Ambulance Ride
$450** $7,164* $7,614
Hospital Stay - 4 days
Current Balance:
ManhattanLife Pays: Ground Ambulance Benefit Hospital Admission Benefit Hospital Days at $200/day
$150
$2,000
$800
Total Paid:
$2,950
Benefits and riders may vary by state and may not be available in all states. This is not a complete disclosure of plan qualifications and limitations. Please access our website to obtain a completed list for the Advantage Series Hospital Indemnity product at Disclosure.ManhattanLife.com Please review this information before applying for coverage. The amount of benefits provided depends on the plan selected. Premiums will vary according to the selection made. THIS POLICY PROVIDES LIMITED BENEFITS. Policy: M-8019 Well-Being Benefit: M-1775 Act now and take advantage of a Hospital Indemnity Plan. • ManhattanLife knows the key to long-term success is service - to our producers, to employers like you, and most importantly, to our ultimate customers - your employees. • For more information regarding rates and how to apply, visit the Agent Resource Center or email marketingmail@manhattanlife.com. * Hospital Stay amounts are based on average hospital daily confinement cost according to source: Rappleye, Emily. “Average Cost per Inpatient Day across 50 States.” Becker’s Hospital Review, https://www.beckershospitalreview.com/finance/average-cost- per-inpatient-day-across-50-states.html. **Ambulance Ride amount is based on the average cost of a ground ambulance ride from source: MorabitoCM. “Why Taking an Ambulance Is so Expensive in the United States.” CNBC, CNBC, 10 July 2020, https://www.cnbc.com/2020/07/10/why-taking- an-ambulance-is-so-expensive-in-the-united-states.html. In addition to other coverage, the insured received $2,950, which can help cover deductibles and other out-of-pocket expenses.
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