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Hospital Indemnity Insurance

 

 

 

Two types of health indemnity policies are available to provide benefits in addition to your other health insurance coverage: a basic plan for individuals with certain pre-existing conditions and/or limited funds for health insurance premiums or out-of-pocket costs; and a supplemental plan which can fill gaps in qualified high-deductible health plans and health savings accounts (HSAs).

 

Hospital indemnity insurance provides a fixed daily, weekly or monthly benefit while the insured is confined in a hospital. The payment is not dependent on actual hospital charges, and is most commonly expressed as a flat dollar amount. Hospital indemnity benefits are paid in addition to any other benefits that may be available, and are typically used to pay out-of-pocket and non-covered expenses associated with the primary medical plan, and to help with additional expenses (e.g., child care) incurred while in the hospital.

 

 

AssurityBalance® DefinedMED BASIC plan provides benefits for a variety of hospital and other medical expenses. Plan design alternatives range from flexible supplemental coverage to solid, cost-effective, stand-alone policy alternatives.

The BASIC plan appeals to individuals with certain pre-existing conditions, limited resources to allocate to health insurance or gaps in their current coverage.
 
  • Eligibility: Coverage is available for the primary insured, spouse and dependent children
  •  
    Renewability: Guaranteed renewable to age 65
  • Issue Ages: Primary insured and spouse: 18-63; Children: 0-25
  • Issue Limits: Applicants with Major Medical or Hospital Insurance (applied for or in force), with a deductible and coinsurance of less than $10,000, are eligible for a maximum of two units of BASIC, but not for the First Hospital Confinement Rider.

 

 

AssurityBalance® DefinedMED Super Supp

DefinedMED Super Supp is a valuable supplemental hospital indemnity insurance policy for those with group or individually underwritten Major Medical plans, hospital/surgical plans, "defined benefit" health plans or any other health plan design that features exposure from deductibles or coinsurance.

  • Eligibility: Coverage is available for the primary insured, spouse and dependent children
  •  
    Issue Ages: Primary Insured and Spouse: 18-63; Children: 0-25
  • Comes with four optional riders.