Who is hospital indemnity insurance for?
It’s for people who want extra financial support if they’re hospitalized due to sickness or injury. It can help you focus on recovery, instead of worrying about bills.
What does hospital indemnity insurance cover?
Benefits are paid directly to you based on admission and days hospitalized. You can use the money you get to help cover any costs, from out-of-pocket medical expenses to added household costs, like child care.
Why should I consider hospital indemnity Insurance?
Hospital indemnity insurance can help pay for out-of-pocket costs you incur as a result of a hospital stay. It's a great complement to your medical insurance because it serves as financial protection for unplanned expenses.
What about other supplemental insurance plans?
A hospital indemnity insurance plan pays benefits if you’re hospitalized, but other health and medical issues can also impact your finances. That’s why Guardian also offers other types of supplemental health insurance — including accident insurance, cancer insurance, and critical illness insurance — to strengthen your finances and help with costs you might not have been expecting.
Coverage is guaranteed, no medical questions asked
Guardian's hospital indemnity insurance is always guaranteed — making it easy and hassle free for you to sign up for coverage. You can also take the coverage with you if you leave your employer.
FAQ
Like many insurance coverage choices, the decision to get a hospital indemnity plan — or not — depends on how concerned you are about protecting your finances if something unforeseen happens. A hospitalization can place a lot of stress on your family, and the direct payments from hospital indemnity coverage may help lessen any financial pressures. It’s also important to note that some hospital stays aren’t entirely unpredictable. For example, if you're planning on starting a family, the benefits could be a way to help pay for expenses while hospitalized for the birth of a child.
Hospital indemnity plans pay benefits based on admission and days hospitalized. The claims process is typically straightforward: you just need to provide evidence of hospitalization. The benefit is paid directly to you — not the medical provider or hospital.
Supplemental insurance plans complement each other. For example, benefits from an accident insurance plan can be used to help pay for out-of-pocket costs that come from an emergency room visit. Cancer insurance and critical illness insurance can provide valuable financial assistance for people undergoing outpatient treatment for a serious condition. Supplemental health plans have relatively low monthly premiums that can be automatically deducted from your paycheck when purchased through an employer. Best of all, they can help keep you from dipping into emergency funds when there’s a medical problem.
Like many insurance coverage choices, the decision to get a hospital indemnity plan — or not — depends on how concerned you are about protecting your finances if something unforeseen happens. A hospitalization can place a lot of stress on your family, and the direct payments from hospital indemnity coverage may help lessen any financial pressures. It’s also important to note that some hospital stays aren’t entirely unpredictable. For example, if you're planning on starting a family, the benefits could be a way to help pay for expenses while hospitalized for the birth of a child.
Hospital indemnity plans pay benefits based on admission and days hospitalized. The claims process is typically straightforward: you just need to provide evidence of hospitalization. The benefit is paid directly to you — not the medical provider or hospital.
Supplemental insurance plans complement each other. For example, benefits from an accident insurance plan can be used to help pay for out-of-pocket costs that come from an emergency room visit. Cancer insurance and critical illness insurance can provide valuable financial assistance for people undergoing outpatient treatment for a serious condition. Supplemental health plans have relatively low monthly premiums that can be automatically deducted from your paycheck when purchased through an employer. Best of all, they can help keep you from dipping into emergency funds when there’s a medical problem.
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This information is not intended for residents of New Mexico and Washington.
Guardian’s Hospital Indemnity Insurance is underwritten and issued by The Guardian Life Insurance Company of America, New York, NY. Products are not available in all states. Policy limitations and exclusions apply. Optional riders and/or features may incur additional costs. This is a limited plan of supplemental health insurance that provides the specified financial support, as a lump sum or indemnity payment, following a covered hospitalization. This is not minimum essential coverage as defined by federal law. This coverage will not reimburse for hospital or medical expenses. Generic Policy Form# GP-1-HI-15. The state approved form is the governing document.
This information is not intended for residents of New Mexico and Washington.
Guardian’s Hospital Indemnity Insurance is underwritten and issued by The Guardian Life Insurance Company of America, New York, NY. Products are not available in all states. Policy limitations and exclusions apply. Optional riders and/or features may incur additional costs. This is a limited plan of supplemental health insurance that provides the specified financial support, as a lump sum or indemnity payment, following a covered hospitalization. This is not minimum essential coverage as defined by federal law. This coverage will not reimburse for hospital or medical expenses. Generic Policy Form# GP-1-HI-15. The state approved form is the governing document.