Receive lump sum payments to help cover the cost of a hospital stay.
If you are admitted into a hospital, it doesn’t take long for the out-of-pocket costs to add up. Hospital Indemnity Insurance from Securian pays lump sum benefits directly to you if you are admitted into a hospital for care due to an illness or injury. Benefits are paid even if you have other coverage. You receive a benefit as soon as you are admitted and then an additional benefit based on the number of days you are confined to the hospital. The benefit increases if you are admitted and confined to an intensive care unit.
Plan Features
- Guaranteed Acceptance: There are no health questions or physical exams required.
- Family Coverage: You can elect to cover your spouse and children.
- Wellness Benefit: The plan provides a $50 benefit per covered person per calendar year if you or your covered dependents complete a covered health screening test such as a physical exam, total cholesterol blood test, mammogram, lipid panel and more.
- Portable Coverage: You can take your policy with you if you change jobs or retire.
The policy or its provisions may vary or be unavailable in some states. The policy has exclusions and limitations which may affect any benefits payable.
How Hospital Indemnity Insurance Works
Cindy is injured in a car accident and is in the hospital for four days. Cindy has Hospital Indemnity Insurance. She receives a benefit for being admitted into the hospital and a benefit for each day of her in-patient stay.
How Cindy's Hospital Indemnity Benefit Was Calculated
|
Medical Service |
Benefit |
|---|---|
Hospital Admission |
$1,000 per admission |
Hospital Confinement |
$150 per day (4 days) $600 |
TOTAL BENEFIT |
$1,600 |
This scenario is an example to show how the benefit total of a Hospital Indemnity plan is calculated. The plan offered to you may provide different benefit amounts and may not cover all services. See the plan details for the benefit schedule for the plan offered to you.
