The growing need for hospital indemnity insurance
1 The Balance, 2022
https://www.thebalance.com/medical-bankruptcy-statistics-4154729#:~:text=Medical%20bills%20are%20reported%20to,affected%20by%20
their%20medical%20expenses
2 Statista, 2019
https://www.statista.com/statistics/459744/total-outpatient-visit-numbers-in-the-us/
3 2020, American Hospital Association (AHA) Annual Survey
https://www.aha.org/statistics/fast-facts-us-hospitals
4 Top reasons for hospital stays, HCUP
https://www.hcup-us.ahrq.gov/reports/statbriefs/sb277-Top-Reasons-Hospital-Stays-2018.pdf
5 Society of Critical Care Medicine. Accessed June 3, 2019
http://www.sccm.org/Communications/Pages/CriticalCareStats.aspx
6 Guardian’s 4th Annual Workplace Benefits Study, 2016
https://www.guardianlife.com/benefits-administration/study/benefits-in-the-workplace
7 https://www.fiercehealthcare.com/payer/nationwide-out-pocket-spending-grew-10-to-1-650-per-person-2021-expect-to-continue-through
8 Medical Bankruptcy: Still Common Despite the Affordable Care Act, American Journal of Public Health (AJPH), March 2019.
https://www.pnhp.org/docs/AJPHBankruptcy2019.pdf
9 2020 Benefits Optimization Report, Guardian Life Insurance Company of America, 2020
https://www.guardianlife.com/business/voluntary-benefits
10 Ibid
11 Ibid
12 Hypothetical example for illustrative purposes only
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