Tag Archives: insurance

Hospital Indemnity Coverage On the Rise

By Michael Waddell

As a way of offsetting high out-of-pocket medical expenses following a hospital stay, including ambulance costs, more employees are adding supplemental hospital indemnity coverage to their plans through their employers. With the cost of the average hospital stay at nearly $20,000 in Tennessee and the average cost per night topping $4,800, “gap plans” are becoming more popular ways for people to bridge the gap on potential expenses.

“The trend has been years in the making,” said Tom Wiffler, UnitedHealthcare Specialty Benefits CEO. “Indemnity products have been around for decades. I think employers are recognizing that there is real value in providing these kinds of plans.”

Roughly 21 percent of employers with more than 500 employees now offer hospital indemnity coverage, according to the Mercer National Survey of Employer-Sponsored Health Plans.

“The benefit can be found in just basic peace of mind that the employee gets from covering expenses that are associated with hospital stays that may exceed their own means to cover,” said Wiffler, who points out that two-thirds of Americans have less than $1,000 in the bank. He expects more employees in Middle America to take on the additional coverage.

With hospital indemnity coverage, an employee who has a hospital stay will receive a lump sum of money, determined by the plan he or she has, that can be used however he or she chooses to handle medical bills or other household bills.

Smaller plans can cost as low as $100 to $125 per year.

“So one hospital stay will more than pay for itself for the premium that you’re paying,” said Gary Harger, UnitedHealthcare vice president of supplemental health products. “The beauty of this plan is its broad appeal. Unlike a critical illness or accident plan where there might be a more definitive target demographic, this plan really applies to any demographic because it’s about a hospital stay regardless of what age you are and what reason you are going in for your hospital stay.”

HRO Partners, an enrollment services company and human resource/benefits consulting firm for large and small employers, represents a variety of supplemental insurance carriers.


“Supplemental or gap plans have been one of our strongest trending lines in terms of requests and offerings,” said Austin Baker, president of HRO Partners. “We’ve seen great growth there, and we’ve seen a lot of value for both employers and employees.”

HRO gets to hear from employees one-on-one about their coverage and what they are looking for, and the company works with employers to design programs to help meet employee needs.

Baker cites a rural Tennessee school system with about 300 employees, where the employer and employees saved a combined $1.1 million in health insurance premiums in the first year by using supplemental gap coverage like hospital indemnity/confinement. In another case, a public sector entity with 6,000 employees saved more than $20 million by making the supplemental coverage a volunteer offering.

“It’s an excellent strategy when used in the right way,” said Baker, who has also personally benefited from having the supplemental coverage, due to major medical incidents that required a hospital stay over the past couple of years.

Research shows that adding ancillary benefits to a core medical benefits offering can help improve companies’ bottom lines by increasing productivity and employee engagement. According to a report by LIMRA, a worldwide association of insurance and financial services companies, ancillary benefits can help attract and retain employees while improving morale.

Tim Finnell, principal of Group Benefits LLC, is seeing more employees adopting the coverage as a payroll deduction.

“We are not seeing employers purchasing supplemental hospital indemnity at a high rate (just a few),” Finnell said. “However, many are offering it to employees on a voluntary payroll deduction basis. As deductibles continue to rise, employees are purchasing supplemental plans to protect against the cost of a hospital stay.”

As an example, one indemnity plan with premiums of $11.75 per month for a 35-year-old and $16.75 per month for a 55-year-old pays a lump sum of $1,000 per admission to a hospital.

“If you stay in the hospital, you’re going to hit your deductible. There’s not many ways around it,” Baker said. “Sixty percent of Americans can’t pay a $500 bill. We need to change that. We need to help people save and have more of a nest egg, and we need to help people afford to do that out of their checks by saving money on their premiums. These gap programs are just so affordable.”

UnitedHealthcare’s Hospital Indemnity Protection plans are available to businesses with 51 or more eligible employees in 45 states and Washington, D.C., and the company also offers the plans to individuals who buy their own health insurance in 32 states.

Critical Illness Insurance | Cancer Insurance | Allstate

Added Protection For More Peace Of Mind.

With the rising cost of healthcare, getting seriously ill could have a big impact on your finances. With supplemental health insurance that has critical illness coverage and cancer coverage from Allstate Benefits, you are paid cash benefits that can help pay for bills and expenses that your existing health insurance plan doesn’t cover.

Critical Illness Insurance Offers More Coverage.

If you are diagnosed with a critical illness, critical illness insurance can help you pay for expenses that aren’t covered by your existing health insurance plan. Critical illness coverage pays you a lump-sum cash benefit to help pay for treatment or bills, and you can add a wellness benefit option to help cover the cost of health screening tests. Some covered illnesses include:

  • Heart attack
  • Bypass surgery
  • Multiple sclerosis

Cancer Insurance Can Help Cover Extra Costs.

In the unfortunate event that you are diagnosed with cancer, having this coverage in place can help cover the cost of cancer treatment. Cancer coverage is available for individuals and families, and it’s renewable for life. It can help with medical expenses that aren’t covered by your existing health insurance plan, like:

  • Hospital stays
  • Doctor bills
  • Transportation
  • Childcare

For answers to your questions about supplemental health insurance, critical illness coverage, cancer coverage and more, contact us!!

Source: Critical Illness Insurance | Cancer Insurance | Allstate

Why do I need Accident Insurance??

Why do I need Accident Insurance?

Every company says the same thing.  It is crucial that we replace lost income and cover the additional bills that come with accidents.  We offer coverage with many of the top carriers.  Contact us today to find the best quote on Accident Insurance.


Accidents happen to all of us. And, whether it’s a broken bone, a sprain, a car accident, or an allergic reaction to a bee sting, meeting the costs for treatment and recovery after an injury can be challenging. An affordable accident insurance policy can help you pay for the expenses that are not fully covered by your major medical insurance.

Source 1 -ehealth


You may not be able to prevent an accident from happening, but you can be prepared for when it does. Accidents happen. Don’t be caught unprepared.

Even if you have medical insurance, you still have deductibles and copayments. You might also have expenses your insurance doesn’t cover. If you miss work due to accidental injury, how will you keep up with your regular bills and expenses?

Accident insurance pays you cash for accidental injuries

If you’re involved in a covered accident, we send you a check for covered injuries and let you decide the best way to spend it. You even get coverage for multiple injuries from the same accident. And all of this is on top of any other benefits you may receive from your other insurance plans.

Source 2 -Lincoln

Metlife –

Group Accident Insurance complements your medical coverage by helping to ease the financial impact of an accident. It provides you with a payment to use as you see fit and can help with any of the out of pocket expenses you may incur as a result of an accident, such as insurance deductibles, copays, transportation to/from medical centers, childcare and more.

Accidents can happen anytime, anywhere. Today’s active lifestyles may make you more susceptible, too. You can’t plan for accidents, but you can be better prepared financially to handle them when they do occur.


Lump-sum benefit
 $10,000, $20,000, $30,000, $40,000, $50,000, $60,000 or $70,000


This benefit is paid when you are first diagnosed with cancer (except skin cancer), heart attack, stroke or end-stage renal failure—based on the coverage you’ve selected—with acceptable proof of diagnosis. This benefit is payable once for each insured, and premiums are based on the benefit level you select. Coverage for child(ren) is available at $10,000.

Wellness benefit
$50 per year for critical illness cancer only coverage
$50 per year for critical illness without cancer coverage
$100 per year for critical illness with cancer coverage

This benefit pays for covered screenings. Covered screenings vary based on the selected coverage; please refer to your policy for a complete list of covered screenings. This preventive benefit is limited to one test per person per calendar year. This benefit is
paid whether or not you are diagnosed with cancer, heart attack, stroke or end-stage renal failure.

Hospital confinement 
$200 per day, 1–30 days
$400 per day, 31+ days
Benefits are paid each day you are confined to a hospital when you are diagnosed with cancer, heart attack, stroke or end-stage renal failure, based on the coverage you selected.

Consultation benefit
$250 per specified critical illness diagnosis
This benefit is paid when you are diagnosed with cancer, heart attack, stroke or end-stage renal failure and consult a physician or alternative care provider for a treatment plan. The benefit is paid one time according to the coverage you selected.
Radiation and chemotherapy
$200 per day or $200 per drug
This benefit is payable when a physician prescribes radiation or chemotherapy as part of a cancer treatment plan. Treatment may be performed on an inpatient or outpatient basis. At the time of administration, the treatment must be fully or investigationally approved by the U.S. Food and Drug Administration for cancer treatment.

Radiation: $200 per day
Chemotherapy, injected by medical personnel: $200 per day
Injections must be made by medical personnel in a physician’s office, clinic or hospital.
Chemotherapy, self-administered: $200 per drug
This benefit is limited to $1,600 per month.