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Hospital insurance helps fill coverage gaps

Health insurance premiums and deductibles are rising, and employees are looking for meaningful ways to manage their medical costs. Hospital indemnity insurance can help offset out-of-pocket costs by paying benefits for covered hospital stays, surgeries and related services.

Ease the financial strain of a hospital stay

Hospital indemnity insurance can help cover out-of-pocket expenses related to a hospital stay or other medical procedures for a covered condition. Examples of these out-of-pockets include:

  • Outpatient surgery
  • Inpatient services
  • ER visits, X-rays, diagnostic exams
  • Doctor appointments
Rachel’s benefits story

Advantages for employers and employees

Here’s how offering hospital indemnity coverage supports your business and your employees.

For employers and HR professionals

  • Customize a benefits package that helps attract and retain high-performing employees without adding costs to your bottom line
  • Manage the rising costs of coverage through voluntary benefits and potential tax savings
  • Streamline the enrollment process for all of your benefits, including major medical plans, by partnering with our nationwide team of benefit counselors
  • Simplify plan administration with our benefits enrollment and management tools

For your employees

  • Receive a lump-sum benefit payable directly to them with the flexibility to use it where it’s needed the most
  • Provide coverage for themselves, as well as spouse and eligible dependents
  • Choose to keep their coverage if they change jobs or leave the company with some policy options
  • Streamline their benefits experience with a quick claim filing process in our intuitive policyholder portal

What popular features in the policyholder portal help employees use their benefits?

Check on policies and personal info
  • See the status and get a copy of their policy
  • Check their premium amount and due date
File and review claims online
  • File or check on the status of a claim
  • Set up direct deposit for quicker benefit payment

FAQ

Hospital indemnity insurance helps cover the cost of a hospital stay and other medical procedures, regardless of what health insurance pays.
Colonial Life offers several individual and group hospital indemnity insurance plans with several optional riders. Please contact your Colonial Life representative for more information.

Take the next step

THIS IS A LIMITED POLICY.

Individual Medical Bridge (IMB7000): Applicable policy form IMB7000 78859 (including ¬state abbreviations where used, for example: IMB7000-AL).

Group Medical Bridge (GMB7000): Applicable policy form GMB7000-P 80082.

Group Medical Bridge (GMB1.0): Applicable policy form GMB1.0-P-R 77366.

Insurance products are underwritten by Colonial Life & Accident Insurance Company, Columbia, SC. This information is not intended to be a complete description of the insurance coverage available. The insurance or its provisions may vary or be unavailable in some states. The insurance has exclusions and limitations which may affect any benefits payable. For cost and complete details of coverage, call or write your Colonial Life representative or the company.