Hospital Indemnity Insurance
Hospital visits can be costly. Hospital Indemnity insurance can help.
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Hospital stays are costly and are often unexpected.
Since most health care plans don’t cover all of your expenses, you need to take steps to help protect yourself and your savings.
With an average cost of $10,000 per hospital stay in the U.S.,1 it’s easy to see why having hospital indemnity insurance may make good financial sense. Just think about the possibility of having a hospital stay due to an accident or illness:
- Your child gets hurt on the school playground
- You experience chest pains while exercising and are admitted to the hospital
to be checked and monitored - Your spouse2 undergoes an emergency appendectomy
Even the best medical plans may leave you with extra expenses to pay out of your own pocket.
A hospital stay can require a variety of treatments, tests, therapies and other care and services to assist in recovery. Each of these services may mean extra out-of-pocket costs for you to pay, beyond what your medical plan may cover, including medical plan deductibles and copayments, and extra expenses associated with out-of-network care and treatment.
Other household expenses may be harder to cover due to lost or reduced income,
like your mortgage, car payment, child care or household upkeep while you recover.
Hospital indemnity insurance can help you be better prepared by providing you with a payment to use as you see fit if you experience a covered event and meet the policy and certificate requirements. Typically a flat amount is paid for hospital admission and a per-day amount is paid for each day of a covered hospital stay, from the very first day of your stay. This payment can help you focus more on getting back on track and less on the extra expenses an accident or illness may bring.
How can having MetLife Hospital Indemnity Insurance benefit you?
Access to benefits for hospitalization due to accidents and sicknesses:3
- Admission to a hospital
- Intensive Care Unit stays
- Hospital stays
- Inpatient Rehab Unit stays (accidents only)
- Admission to an Intensive Care Unit
Actual plan design and plan benefits may vary. See your Disclosure Statement or Outline of Coverage/Disclosure Document for full details on the coverage types, amounts and premium options under your plan.
Hospital Indemnity
In an emergency, there’s little time to worry about hospital bills. With hospital indemnity insurance, you don’t have to.
1 Costs for Hospital Stays in the United States, 2011. HCUP Statistical Brief #168. December 2013. Agency for Healthcare Research and Quality, Rockville, MD. Accessed March 2017.
2 Coverage for domestic partners, civil union partners and reciprocal beneficiaries varies by state. Please contact MetLife for more information.
3 Hospital does not include certain facilities such as nursing homes, convalescent care or extended care facilities. See your Disclosure Statement or Outline of Coverage/Disclosure Document for full details.
4 Coverage 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 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.
5 Eligibility 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.
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. MetLife’s Hospital Indemnity Insurance may be subject to benefit reductions that begin at age 65. And, 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.
The benefits described in this communication are governed by official plan documents, the FedEx Corporation Voluntary Insurance Plan and the applicable insurance policy. If there are any discrepancies between the information in this guide and the official plan documents, the provisions of the plan documents will govern. FedEx reserves the right to amend or terminate the plan or benefit for any reason at any time.