Hospital Indemnity
As part of an individual supplemental health plan, this coverage may help cover out of pocket expenses that may result when an Insured is hospitalized.
What is Hospital Indemnity Insurance?
Hospital Indemnity, or Hospital Cash, insurance is just that: Cash benefit payments are paid directly to the policyholder when hospitalized due to an accident or sickness. Unlike Critical Illness insurance, which offers a one-time lump-sum payment upon diagnosis of specific severe illnesses, Hospital Cash pays a daily amount benefit for each day the insured individual is hospitalized, up to a maximum number of days. An additional daily benefit amount equal to the hospital indemnity benefit amount is paid if hospitalized in an Intensive Care Unit, up to a maximum number of days.
Available Benefits
The daily cash benefit can be used by the policyholder for a variety of needs It can help cover:
- Medical expenses
- Lost income
- Transportation costs
- Childcare
- Ambulance services
- Other incidental expenses that may arise during hospitalization.
Insurance Plans & Benefits
| Plans | Benefits |
|---|---|
| Hospital Indemnity | Hospital Cash Available Daily Benefit Amounts: $100 | $250 | $500 ICU Available Daily Benefit Amounts: $100 | $250 | $500 Available Hospital / ICU Benefit Periods: 10 Days | 30 Days |
| Accident Medical Expense (AME), Critical Illness, and Hospital Indemnity | Excess* AME Available Benefit Amounts: $2,500 | $5,000 | $7,500 | $10,000 Available AME Deductible Options: $100 | $250 Critical Illness Available Benefit Amounts: $2,500 | $5,000 | $7,500 | $10,000 Hospital Cash Available Daily Benefit Amounts: $100 | $250 | $500 ICU Available Daily Benefit Amounts: $100 | $250 | $500 Available Hospital / ICU Benefit Periods: 10 Days | 30 Days |
| Accident Medical Expense and Hospital Indemnity | Excess* AME Available Benefit Amounts: $2,500 | $5,000 | $7,500 | $10,000 Available AME Deductible Options: $100 | $250 Hospital Cash Available Daily Benefit Amounts: $100 | $250 | $500 ICU Available Daily Benefit Amounts: $100 | $250 | $500 Available Hospital / ICU Benefit Periods: 10 Days | 30 Days |
| Critical Illness and Hospital Indemnity | Critical Illness Available Benefit Amounts: $2,500 | $5,000 | $7,500 | $10,000 Hospital Cash Available Daily Benefit Amounts: $100 | $250 | $500 ICU Available Daily Benefit Amounts: $100 | $250 | $500 Available Hospital / ICU Benefit Periods: 10 Days | 30 Days |
*May vary by state.
Notice: This is a brief description of coverage provided and is subject to the terms, conditions, limitations and exclusions of the policy. Please see the policy for complete details. Coverage may vary or may not be available in all jurisdictions. In the event of any conflict between this summary of coverage and the policy, the policy will govern. The policy is a short-term policy, with limited benefits. This insurance is not an alternative or replacement to comprehensive medical or major medical coverage. Further, this insurance is not minimum essential benefits as set forth under the Patient Protection and Affordable Care Act.
Insurance Rates and Costs
Rates vary by state and age. Contact us and one of our team members would be happy to walk you through several scenarios based on your business and your clients.
For Producers
This product was designed for insurance brokers to offer their clients an additional layer of supplemental health protection, bolstering their existing plan offerings. Powered by our new and innovative technology, quoting and digital marketing is now seamless and adding this product to your portfolio makes sense. We hope you will join us in our quest to change the supplemental health insurance with this product offering, one family at a time.
Enrolling Clients
Our cutting-edge technology empowers distribution partners to seamlessly promote and sell our products. With an innovative Arch APEX digital marketing platform, brokers can tailor proposals within minutes. Clients can then self-enroll or purchase through their broker. Branded to their agency’s identity, our enrollment engine provides a personalized touch point for clients, enhancing trust and engagement. Through digital marketing campaigns and social media outreach, brokers can drive traffic to their branded enrollment link, reaching new customers and growing their business.
Get A Quote
Get a quote from Arch Insurance’s Accident and Health division for coverage relating to accident, disability and travel insurance products.
