Hospitalization can happen to anyone. And while medical insurance covers most of those expenses, other costs can add up, like extra childcare, help around the house, even pet care. There may also be deductibles and co-pays. That's where hospital indemnity insurance can help.
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.
Benefits are made 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 childcare.
A Guardian hospital indemnity insurance plan complements your health insurance coverage but doesn’t replace it. It can help pay for deductibles and costs your health insurance might not cover, as well as give you a financial safety net that helps pay for other expenses.
With Guardian's Accident Insurance, Cancer Insurance, Critical Illness Insurance, and Hospital Indemnity Insurance plans, you have a robust suite of supplemental health coverage to help you with costs that medical insurance may not cover.
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 coverage – including accident insurance, and critical illness.
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.
Guardian hospital indemnity insurance is only available through employer groups who offer our benefit. Connect with your manager or human resources department to find out if your employer offers Guardian hospital indemnity insurance.
If you are an employer who does not yet offer hospital indemnity insurance, learn more about the advantages of offering this benefit to employees.
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 also help keep you from dipping into emergency funds when there's an unexpected medical problem.
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