Now more than ever, employees are forced to consider if they have enough protection, and what extra insurance they may need to pay for unexpected medical costs that may not be covered by medical plans. Supplemental health insurance can help fill those coverage gaps. With supplemental health coverage, your clients can offer employees additional financial protection regardless of their current medical insurance.
How voluntary hospital indemnity benefits work
Here’s an example of the coverage Guardian Hospital Indemnity Insurance provides.* Jane becomes ill and is admitted to the hospital. She has emergency surgery and is there for two days while recovering. Since she has Hospital Indemnity Insurance, she receives a cash benefit of $3,350 for these covered services:
| Covered Service | Guardian Hospital Indemnity Pays |
|---|---|
| Hospital Admission | $1,000 |
| Hospital Confinement | $100 |
| Diagnostic Exam | $250 |
| Inpatient Surgery | $2,000 |
| Total Cash Benefits Paid to Jane | $3,350 |
*For illustrative purposes only. Covered benefits and benefit amounts may vary by; employer-sponsored plan. See your plan for specific coverage amounts and details.
Advantages for your clients
Group supplemental health insurance products enable your clients to offer affordable options to their employees, and the plans can be voluntary or employer-sponsored. Coverage is also portable, so employees can take their coverage with them if they change jobs. With Guardian, your clients can count on:
- Stable group rates
- Discounts for favorable demographics
- Maximum flexibility
- Guardian’s strong support for easier administration
- Convenient payroll deduction payments
Employees prize workplace benefits and adding to them will help increase their job satisfaction and loyalty to their employer. Those benefits will also help your clients' companies attract top talent.
Advantages for you
By taking this holistic approach to coverage, you can add considerable value to your client relationships. You can help employers meet growing employee expectations of more robust workplace benefits. And you can offer competitive plans that can provide coverage employees want. Guardian is ready to work with you to help your clients come up with the combination of plans that’s most effective.