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What's new with hospital indemnity?

Hospital indemnity will be a growth product in the new couple of years. Do you know what's new with HI?

By Gil Lowerre and Bonnie Brazzell | Updated on December 22, 2016

Nearly 50 percent of carrier respondents in a 2016 Eastbridge survey indicated that hospital indemnity (HI) will be a growth product for their companies in the next one to two years, more than double the number from the same survey in 2014.

Employers participating in a separate study ranked hospital indemnity second in terms of new sales product potential. This jump in expectations at both the carrier and employer levels suggest that many carriers may be preparing to bring more HI plans to market or at least focus on them more, and employers will be open to adding these products to their employee benefits offering.

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