The latest versions of hospital indemnity plans have many options in both the specific benefits included in the plan and the benefit amounts. (Photo: Shutterstock)
In the 2019 BenefitsPRO/Eastbridge survey, brokers said that, increasingly, their "go-to" voluntary products are accident, critical illness and hospital indemnity, rather than just life and disability. But despite this finding, 72 percent of all employers do not offer a hospital indemnity/supplemental medical plan. Maybe more important, just 27 percent of employees currently own a hospital indemnity plan. That means 73 percent do not own it, but when asked about products they might like to purchase on a voluntary basis, 43 percent of those employees are interested in buying one.
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