EssentialCare Hospital Indemnity Insurance
Fill gaps in major medical with supplemental hospital indemnity insurance
Why EssentialCare Group Hospital Indemnity?
EssentialCare Group Hospital Indemnity provides fixed payments to help your client’s employees manage unexpected expenses arising from hospital stays and offset the financial gaps in today’s health insurance plans.
Key Features
Guaranteed issue
Lump-sum payments with no networks or coordination of benefits
Customizable plan can offer HSA compatibility or provide robust benefit-rich options to meet a wide variety of employer needs
Seamless claims integration approach
Family coverage available
Coverage is portable1
FAQs
What is Hospital Insurance?
Hospital Insurance pays benefits when an Insured is confined to a hospital, whether for planned or unplanned reasons, or for other medical services, depending on the policy. The plan provides payment for each day spent in the hospital, and for some other qualified expenses as well. That’s money to use however an Insured may choose, whether for hospital bills or those other costs that come up while they’re recovering.
Why would someone need additional coverage for hospitalization?
A hospitalization can be costly. Even after medical insurance pays its part, things like plan deductibles, copays, and out-of-network care can add up fast. Having financial support when the time comes can mean less worry for employees and their families.
Are medical exams required?
No. EssentialCare Group Hospital Indemnity Insurance is guaranteed issue, which means acceptance is guaranteed, regardless of health. Employees just need to be actively at work for coverage to be effective. There are no medical exams to take and no health questions to answer.
Is there a waiting period before my coverage begins?
No. This coverage will be effective at the beginning of the benefit period as long as the employee/insured is actively at work.
How are benefits paid?
Benefits will be paid directly to the insured, unless otherwise required by law or assigned.
EssentialCare Supplemental Health Solutions Filling the Gap: A Case Study
Medical expenses are one of the most significant financial burdens facing American households today. While major medical insurance is the gold standard for employer-sponsored health care, deductibles, copays, and coinsurance can leave individuals and families financially exposed in the event of a medical crisis. This is where supplemental health insurance can play an important role, by …