With the rising cost of health care, one trip to the hospital could cause a serious financial setback. Hospital Insurance can help your employees manage the expenses health insurance may not cover — like deductibles, co-pays and the costs of missing work.
Hospital insurance filed policy name is Group Hospital Indemnity Insurance Policy.
Staying in the hospital after child delivery, an accident or an illness can be costly. Even quality medical plans can leave employees with extra expenses they didn’t count on. These can add up fast:
Hospital visits can cost employees a lot of money — even if they have good medical coverage. Hospital Insurance can provide supplemental coverage to your major medical plan by offering a lump-sum benefit that helps employees pay these bills. It can also be a valuable solution for recruiting talented people while keeping your costs in check.
Choose the plan design and benefit amounts that make sense for your employees. All plans include benefits for hospital admission.
HSA Compatible:
Non-HSA Compatible includes all of above and:
| Appendectomy | C-section | Partial mastectomy | Cardiac stent |
|---|---|---|---|
| Cost $12,763 |
Cost $12,774 |
Cost $18,550 |
Cost $24,049 |
| Deductible $2,000 |
Deductible $2,000 |
Deductible $2,000 |
Deductible $2,000 |
| Co-insurance $2,152 |
Co-insurance $2,154 |
Co-insurance $3,310 |
Co-insurance $4,609 |
| Total out of pocket $4,153 |
Total out of pocket $4,155 |
Total out of pocket $5,310 |
Total out of pocket $6,000 |
*For illustrative purposes only. Assuming a typical plan with a deductible of $2,000, co-insurance of 20%, and an out-of-pocket max of $6,000. Hospitalization costs can vary.
With 175 years of employee benefits focus and expertise, Unum has a proven track record of helping companies across the nation offer the best benefits to their employees. We serve 57% of Fortune 100 companies or their subsidiaries and affiliates, protecting 36 million employees and their families.3
All plans include a hospital admission benefit, at a level you select. Other benefits available include daily confinement, ICU confinement, emergency room and others.
To begin the claim filing process or see the status of a claim that has already been filed, employees can simply log in to their account. If they don’t have an account, they can register here.
Our convenient digital claims app streamlines administration for employers while making it easier for employees to enroll, make claims and get support. Help your workforce manage the financial impact of a hospitalization or related treatment with Hospital Insurance.
THESE POLICIES PROVIDE LIMITED BENEFITS.
For policies issued in the Commonwealth of Virginia, THESE ARE EXCEPTED BENEFITS POLICIES. THEY PROVIDE COVERAGE ONLY FOR THE LIMITED BENEFITS OR SERVICES SPECIFIED IN THE POLICY.
This coverage is a supplement to health insurance. It is not a substitute for essential health benefits or minimum essential coverage as defined in federal law. Insureds in some states must be covered by comprehensive health insurance before applying for this coverage.
The policies or their provisions may vary or be unavailable in some states. The policies have exclusions and limitations which may affect any benefits payable. See the actual policy or your Unum representative for specific provisions and details of availability. Applicable to policy forms GHI-1, GHIP16-1, GHIP16-1-NY, and GHIP16-NJ.
For NY: These policies provide limited benefits health insurance only. They do NOT provide basic hospital, basic medical or major medical insurance as defined by the New York State Department of Financial Services.
Group Hospital Indemnity Insurance is underwritten by Unum Life Insurance Company of America, Portland, ME. In New York, underwritten by First Unum Life Insurance Company, Garden City, NY.
Group Hospital Insurance is underwritten by Unum Insurance Company, Portland, ME, In NJ and NY, underwritten by Provident Life and Casualty Insurance Company, Chattanooga, TN.
An insurance producer may be in contact with you.
