Hospital Indemnity Insurance
Hospital Indemnity Insurance is an easy way to provide employees with added protection to meet their individual needs, without increasing employer benefits costs. It can complement existing medical coverage and help narrow financial gaps caused by out-of pocket expenses - such as deductibles, copays, coinsurance and non-covered services - that result from a hospital stay.
- Benefits are paid regardless of what is covered by medical insurance
- Lump sum payments are made directly to the covered employee to spend as he or she chooses
The Right Solutions
MetLife Hospital Indemnity Insurance plan designs are based on market trends and industry benchmarks. The goal is to help minimize employees' financial stress and provide them with immediate value while maximizing their benefit dollars.
Common covered benefits:
- Accident - Admission and Confinement
- Sickness - Admission and Confinement
- Guaranteed issue coverage1
- No age limitations on coverage for employee or spouse/domestic partner2
- Portability (continuation of coverage)3
METLIFE'S HOSPITAL INDEMNITY INSURANCE IS A LIMITED BENEFIT GROUP INSURANCE POLICY. The policy is not intended to be a substitute for medical coverage and certain states may require the insured to have medical coverage to enroll for the coverage. The policy or its provisions may vary or be unavailable in some states. There is a preexisting condition limitation for hospital sickness benefits. There are benefit reductions that begin at age 65. Like most group accident and health insurance policies, policies offered by MetLife may contain certain exclusions, limitations and terms for keeping them in force. For complete details of coverage and availability, please refer to the group policy form GPNP12-AX or GPNP13-HI or contact MetLife. Benefits are underwritten by Metropolitan Life Insurance Company, New York, New York. In certain states, availability of MetLife's Group Hospital Indemnity Insurance is pending regulatory approval.
1Coverage is guaranteed provided (1) the employee is actively at work and (2) dependents to be covered are not subject to medical restrictions as set forth on the enrollment form and in the Certificate. Some states require the insured to have medical coverage. Additional restrictions apply to dependents serving in the armed forces or living overseas.
2Children are covered to age 26. There are benefit reductions that begin at age 65.
3Eligibility for portability through the Continuation of Insurance with Premium Payment provision may be subject to certain eligibility requirements and limitations. For more information, contact your MetLife representative.