Supporting your employees through hospital stays
Hospital stays can be a significant financial burden even with major medical insurance. Group hospital insurance provides supplemental benefits to help cover the costs associated with hospitalization, giving employees additional peace of mind during difficult times.
What is Group Hospital Insurance?
Group hospital insurance is an employer-sponsored supplemental plan that pays a fixed cash benefit when an insured employee is admitted to the hospital. The benefit helps cover expenses such as hospital bills, deductibles, copayments, transportation, and daily living costs that may arise during a hospital stay.
What does it cover?
- Hospital admission and confinement
- Intensive care unit (ICU) stays
- Emergency room visits related to hospitalization
- Surgery performed during hospitalization
- Hospital-related expenses such as transportation and lodging
Why choose Group Hospital Insurance?
- Helps cover out-of-pocket costs not fully covered by health insurance
- Affordable premiums due to group rates
- Direct cash benefits paid to employees, which they can use as needed
- Simplified enrollment process often with no medical exam
- Payroll deduction convenience
Who benefits from Group Hospital Insurance?
Employees who want extra financial protection against the high costs of hospital stays benefit greatly. It’s especially useful for families managing unexpected hospital visits or planned surgeries.
How are premiums paid?
Premiums may be paid by the employer, employee, or shared. Many employers offer group hospital insurance as a voluntary benefit to give employees the option to customize their coverage.