Hospital Indemnity

What Is Hospital Indemnity Insurance?

Hospital Indemnity insurance helps keep your finances on track when you're in the hospital. Planned or unplanned, a trip to the hospital can be scary. It can be even more frightening to know that your medical insurance probably won't cover all your costs. Group Hospital Indemnity insurance can help cover unexpected out-of-pocket expenses such as copays, deductibles and out-of-network charges, as well as everyday living expenses. It pays a benefit directly to you for hospital-related events, regardless of your treatment costs or other insurance coverage you might have.

How Does Hospital Indemnity Insurance Work?

1  You're admitted to the hospital.2  We send you a check.3  You focus on recovering.
Your health insurance covers many costs of your stay and treatment. But you still have a lot of expenses, including deductibles, copays and other costs you couldn’t predict.With approval of your claim, The Standard will pay benefits directly to you. Then you decide how to spend the money.With The Standard helping to cover your out-of-pocket or everyday expenses, you can focus on what matters most — your health.

 

Key Benefits
Helps pay expenses not covered by medical insurance
Pays money to directly to you, not medical providers
You can choose to cover your children and spouse
Covers hospitalization due to childbirth, injury or illness — including COVID-19 and mental health
Premium waived if you're hospitalized more than 30 days
Pays you for taking care of your health with screenings — like a cholesterol check, mental health assessment and testing for COVID-19
Benefit Examples
Icon of a virus
COVID-19
Read River's Story
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River was having cold-like symptoms — a slight fever, fatigue and chest congestion. The symptoms worsened and they were admitted into the hospital, spending two days in the intensive care unit. After being treated with antibiotics for ten days River was able to go home. But they worried about what their stay in the hospital would cost. Fortunately, their Hospital Indemnity insurance plan helped River cover the extra out-of-pocket expenses, so they could focus on making a full recovery.

River’s insurance paid benefits for:

  • Hospital admission
  • 10-day hospital stay
  • Critical care admission
  • 2-day critical care stay

 

Example is for illustrative purposes. Eligibility for benefits and amounts shown in this example may vary from any policy your employer may offer and may vary based upon your individual circumstances, policy definitions, waiting periods, exclusions and limitations.

Icon of a person's head with healthcare cross
Mental Health Condition
Read Rahul's Story
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Rahul had been depressed for months, but he felt his life spiral out of control after a breakup with his girlfriend. Feeling hopeless, he took all his antidepressant medication and some allergy pills along with alcohol. His roommate found him in bed unresponsive. An ambulance took Rahul to the hospital where he spent one day in the ICU. After that he was admitted to the hospital’s inpatient psychiatric unit for five more days, where he met with a psychiatrist and a social worker every day. Fortunately, Rahul had Hospital Indemnity insurance, which meant he could worry less about his hospital costs and focus more on his recovery.

Rahul’s insurance paid benefits for:

  • Hospital admission
  • Critical care admission
  • 1-day critical care stay
  • 5-day hospital stay

 

Example is for illustrative purposes. Eligibility for benefits and amounts shown in this example may vary from any policy your employer may offer and may vary based upon your individual circumstances, policy definitions, waiting periods, exclusions and limitations.

Pregnancy
Pregnancy
Read Brooke's Story
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Brooke's pregnancy took an unexpected turn when the baby had to be delivered via C-section. Both she and her baby were in good health, but extra time in the hospital was required as she recovered from the surgery. Her benefits helped her meet her deductible without cutting into her funds for diapers, clothing and the other costs of raising a newborn.

Brooke's insurance paid benefits for:

  • Hospital admission
  • Three-day hospital stay
  • C-section surgery
  • Anesthesia
  • Physician follow-up

 

Example is for illustrative purposes. Eligibility for benefits and amounts shown in this example may vary from any policy your employer may offer and may vary based upon your individual circumstances, policy definitions, waiting periods, exclusions and limitations.

Hospital
Ruptured Appendix
Read Jeremy's Story
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A dull pain developed in Jeremy's abdomen, but he hoped it would go away after a good night's sleep. In the middle of the night he woke with intense, sharp pain and a high fever. He went to the ER, and it soon became clear that his appendix had ruptured and that he needed emergency surgery. After the surgery, he had to spend time in the hospital because of potential infections. His benefits helped him meet his deductible and protected his financial stability, which was threatened by lost wages.

Jeremy's insurance paid benefits for:

  • Emergency room
  • Hospital admission
  • Five-day hospital stay
  • Anesthesia
  • Appendectomy surgery
  • Physician follow-up

 

Example is for illustrative purposes. Eligibility for benefits and amounts shown in this example may vary from any policy your employer may offer and may vary based upon your individual circumstances, policy definitions, waiting periods, exclusions and limitations.

Talk to your human resource representative about adding The Standard's Hospital Indemnity insurance to your benefits.