One of the leading causes of bankruptcy in the U.S. today is medical bills.4 In fact, the average per day cost of a hospital stay is around $2,883.5
Hospital Indemnity insurance pays regardless of what your medical insurance covers, reducing the financial burden of a hospital stay.
1 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.
2 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 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.
3 Eligibility for portability through the Continuation of Insurance with Premium Payment provision may be subject tocertain eligibility requirements and limitations. For more information, contact your MetLife representative.
4 Medical Bankruptcy and the Economy, January 20, 2022. https://www.thebalancemoney.com/medical-bankruptcy-statistics-4154729.
5 Kaiser Family Foundation Data Note: "Americans' Challenges with Health Care Costs" July 14, 2022. https://www.kff.org/health-costs/issue-brief/data-note-americans-challenges-health-care-costs/.
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. Prior hospital confinement may be required to receive certain benefits. There may be a preexisting condition limitation for hospital sickness benefits. MetLife’s Hospital Indemnity Insurance may be subject to 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, GPNP13-HI, GPNP16-HI or GPNP12-AX-PASG, 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.