Managing rising health insurance costs continues to be a major concern for employers. As a result, many have shifted more of those costs to their employees. Employees now have to deal with the financial challenge of high-deductible health plans (HDHPs), lower coinsurance, and higher copays.   

Rise in HDHP Plans

Short-term gains, long-term risks

Nearly one-third of workers with HDHPs are taking risks with their health by delaying or skipping doctors’ appointments, or putting off surgery or recommended treatments and procedures.1 Without taking additional steps, employers using HDHPs may experience a bump in short-term savings, but they could also risk higher medical and disability claims in the long term if workers continue to neglect their own health care. 

What is hospital indemnity insurance?

It's is a supplemental insurance plan designed to help pay for the costs of a hospital admission and other related services, whether or not covered by other insurance. The voluntary plan covers employees who are admitted to a hospital or ICU for a covered sickness or injury. And it’s available for companies with as few as two employees.

How does it work? 

Voluntary hospital indemnity coverage is designed to pair up with the employer’s health insurance and ease the financial impact of medical costs on employees. It may also help reduce the risk of employee absences and alleviate employees’ overall concerns about financial readiness for unexpected — and unreimbursed — medical expenses. For employers, that can help result in a happier, healthier, and more productive workforce. 

Learn more about how voluntary hospital indemnity plans work

An important part of a bigger picture

Employers realize their insurance benefits packages are an important way to attract and retain employees. Guardian's Group Hospital Indemnity Insurance is one part of a robust suite of supplemental health insurance products - including AccidentCancer and Critical Illness - designed to help with costs medical insurance may not cover. By offering these products through Guardian, you can count on a single provider with a more than 155-year record of service and financial stability.*


Frequently Asked Questions

  • Is hospital indemnity insurance medical insurance?
    No. It’s a supplemental plan that covers many expenses basic medical coverage does not. The benefit can be used for copayments, deductibles, and prescriptions.
  • Who needs hospital indemnity insurance?  
    Everyone could benefit from the reassurance of this extra coverage. Say you or a loved one has a cold that becomes pneumonia. That might require a hospital admission, which could cost thousands of dollars. While regular medical insurance covers some of the expenses, you would be required to pay for the rest. That’s where hospital indemnity insurance could provide some very welcome financial help.
  • Can coverage be added for dependents?   
    In some cases, yes. There is an additional monthly premium for each dependent covered.


Learn more about how Guardian's Group Hospital Indemnity Insurance can provide you and your employees with financial reassurance. We’re ready to work with you and your broker to determine the best coverage for your company’s needs.


Infographic: The Rise in High Deductible Health Plans []

For single coverage. Kaiser Family Foundation/Health Research & Educational Trust 2016 Employer Health Benefits Survey. []

*Financial information concerning The Guardian Life Insurance Company of America as of December 31, 2016, on a statutory basis: Admitted Assets = $51.9 Billion; Liabilities = $45.7 Billion (including $39.4 Billion of Reserves); and Surplus = $6.2 Billion

Guardian Hospital Indemnity Insurance is underwritten by The Guardian Life Insurance Company of America, New York, NY and will not be effective until approved by a Guardian underwriter. Products are not available in all states. Policy limitations and exclusions apply. Optional riders and/or features may incur additional costs. Plan documents are the final arbiter of coverage. This policy provides limited hospital insurance only. It does not provide basic medical or major medical insurance as defined by the New York State Department of Financial Services. Policy Form # GP-1-HI-15