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Hospital indemnity: meeting today’s workforce needs

It's important for employees to know before they get hurt about products like hospital indemnity that can help offset coverage gaps, and how technology solutions have been created to better prepare for the unexpected.

By Danielle Lehman, senior voluntary product manager, The Standard | Updated on February 28, 2018
Injured person . Hospital indemnity plans help employees reduce their out-of-pocket costs by providing benefits for a hospital stay, which can be used to cover the medical deductible. (Photo: Shutterstock)

For an employer, few things are more unsettling than receiving an unexpected call or email that an employee has been hospitalized. Often, when someone is admitted to the hospital unexpectedly, many questions start going through a supervisor’s head. What happened? Will he or she be OK? How long will the recovery take? Are there long-term implications?

An employee may have many of the same questions, with the added burden of financial concerns. How long will I be off work? What about my family’s needs? How will I cover my deductible? Will all of the treatment or medicine be covered by insurance? How much will subsequent treatment and medicine cost? The list goes on.

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