Hospital Indemnity Insurance Benefits

This benefit is generally used to help pay for the major co-payments that are usually associates with Medicare Part C plans. Lump-sum payment Paid directly to you — not hospitals or doctors — to spend on whatever you need Guaranteed acceptance No medical questions and no waiting period for you and eligible family members Financial support Paid benefits for covered services and treatment— regardless of what your medical insurance may cover Coverage for care during your hospital stay Even with medical insurance, a hospital stay can be costly. Plan deductibles, copays, and out-of-network costs can add up fast, not to mention costs outside of medical needs, like your mortgage, childcare expenses, transportation and more. Hospital indemnity insurance can help with out-of-pocket costs while you’re in the hospital and recovering to help reduce the financial impact while you heal. With this supplemental plan from MetLife, you:

• Get competitive rates by enrolling through work
• Can take your coverage with you if you leave your job or retire

Do you need hospital indemnity insurance? Reasons to consider adding this supplemental plan to your insurance coverage lineup:

• You have a chronic health condition
• You have a family history of serious illnesses
• You have a planned procedure or surgery
• You’re looking for additional financial reassurance and support

How hospital indemnity coverage works Indemnity means to secure or protect against a loss or other financial burden. That’s exactly what hospital indemnity insurance does. It helps protect finances for individuals and families when faced with a hospital stay. Here’s how it works: An insured person is admitted into a hospital for a minimum of 24 hours and the coverage pays benefits directly to the insured person. The money can be used for anything the recipient wishes. When setting up a group hospital indemnity insurance plan, employers have flexibility with things like benefit amounts and total days payable. This customization allows employers to develop a plan that balances coverage options and the premium rate employees will pay. Here are some benefit options that hospital indemnity insurance may include.

• Daily hospital confinement: Pays a benefit for each day of an inpatient hospital stay. Some plans may pay a separate benefit for the first day of an inpatient stay$250 – $750 per day.
• Hospital intensive care: Pays for an admission to a hospital intensive care unit, usually in addition to first-day confinement and daily hospital confinement benefits.
• Wellness benefits: Wellness riders pay benefits when insureds complete one of many preventive care exams, such as mammography, colonoscopy, lipid panel tests and more.
• Surgery benefits: Pays for surgeries performed in a hospital or an ambulatory surgical center.
• Mental and nervous disorder: Pays benefits for an inpatient stay in a hospital or similar facility for mental or nervous disorder treatment.
• Drug addiction and alcoholism: Pays benefits for an inpatient stay in a hospital or similar facility for the treatment of drug addiction or alcoholism.
• Ambulance Services Indemity Benefit Rider: Ambulance services are often used before hospital confinement. This rider pays $250 per day for ground or air transportation for combined maximum of four days per calendar year.
• Urgent Care Center Indemnity Benefit Rider: If you obtain urgent care services, this rider will pay you a cash benefit of $50 per day for up to four days each calendar year.
• Lump Sum Cancer Benefit Rider: If you receive a first diagnosis of internal cancer of malignant melanoma, this rider will pay you one cash benefit payment in the amount of $1000, $2500, $5000, $7500, or $10,000. Hospital confinement is NOT required.
• Outpatient Surgery Indemnity Benefit Rider: If you have outpatient surgery, this rider will pay you $250, $500, $750, or $1000 for up to two days each calendar year.

• Skilled Nursing Facility Indemnity Benefit Rider: Once you leave the hospital, you may need services at a skilled nursing facility. This rider will pay you $100, $150, or $200 per day up to 50 days when you’re confined to a skilled nursing facility.

For More Information, CLICK HERE for a video presentation: Dental, Vision and Hearing Aids  Need additional coverage for your dental, vision or hearing aids? Supplemental plans may be available in your state.