Plans that provide a cash payment

Guardian’s Hospital Indemnity plan provide a lump-sum payment directly to employees, even if they don’t incur any out-of-pocket expenses. And the money can be used for any purpose, medical or non-medical.

Coverage that’s needed now

A growing number of people are considered underinsured — having high out-of-pocket costs or deductibles relative to their income. And half of American families are living paycheck to paycheck.1 

Not surprisingly, many people are putting their health at risk by:

  • Skipping doctor visits
  • Delaying surgery
  • Avoiding x-rays and blood tests

Highly flexible benefits 

Guardian Hospital Indemnity Insurance provides a core hospital admission benefit that covers members who are admitted to a hospital or intensive care unit (ICU) because of a covered sickness or injury. You can help your clients customize a plan to complement other Guardian supplemental health products or plans from other providers. And you can offer attained or issue-age rates.

It can be part of a total solution for your clients

With Guardian’s comprehensive suite of supplemental health insurance products — AccidentCancerCritical Illness, and Hospital Indemnity — your clients can count on a single provider to help cover the costs medical insurance may not cover. And all are available from one of America’s most respected insurance companies.

Frequently asked questions

  • Why should brokers consider offering supplemental hospital indemnity insurance?
    Supplemental health products like Hospital Indemnity Insurance are some of the fastest-growing and most sought-after employee benefits.4
  • What range of Hospital Indemnity coverage can you offer?

    • Hospital Admission Benefit:
      Coverage levels from $500 to $10,000 per day (in $250 increments) for 1 day per covered person and 3 days per covered family or unlimited days per covered family.
    • Intensive Care Unit Admission Benefit:
      Coverage levels from $500 to $10,000 per day (in $250 increments) for 1 day per covered person and 3 days per covered family or unlimited days per covered family.
    • Hospital Confinement Benefit:
      Coverage levels from $100 to $500 per day (in $100 increments) for up to 15 or 30 consecutive days.
    • Intensive Care Unit Confinement Benefit:
      Coverage levels from $100 to $500 per day (in $100 increments) for up to 15 or 30 consecutive days.
  • When can employees apply for Guardian Hospital Indemnity plans?
    All enrollments must be done during the open enrollment period.

  • How much does Guardian's supplemental Hospital Indemnity insurance cost?
    Sample coverage for an employee starting at: 

Age Bracket Employee
<50 $10.76/mo.
50-59 $15.96/mo.
60-64 $25.72/mo.
65-69* $35.55/mo.

*Employees over age 69 are not eligible to enroll in hospital indemnity coverage. State variations may apply.

Disclaimer

MarketWatch, April 13, 2017 [http://www.marketwatch.com/story/half-of-americans-are-desperately-living-paycheck-to-paycheck-2017-04-04]

Guardian’s 4th Annual Workplace Benefits Study

Healthcare.gov [https://www.healthcare.gov/why-coverage-is-important/protection-from-high-medical-costs/] 

42017–2018 LIMRA Reports: 2018 and 2019

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

2019-90388