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Hospital Indemnity Insurance
If you have ever seen an itemized hospital bill you know how expensive hospital stays can be. From the fees of the doctors and specialists to the charges for individual aspirin, the cost of any item not covered by your insurance becomes a rapidly mounting financial responsibility. In some cases, hospital bills can take years to pay off.
Hospital Indemnity Insurance is designed to assist with certain medical expenses and supplement many of the out-of-pocket expenses not covered by your primary health insurance such as coinsurance, deductibles, private room charges, in-room TV, expenses for travel and lodging, childcare, cell phones and other incidental expenditures.
At Standard Life we understand that hospitalization is stressful enough without the worry over payment. Our Freedom Series Hospital Indemnity Plan is designed to help alleviate some of the financial impact hospitalization and unforeseen expenses may bring. The plan pays you, or the hospital* if you assigned benefits, a stipulated daily benefit during a covered hospital confinement in addition to any payment made by your primary insurance plan. You have the freedom to choose the benefit amount that best suits your situation and, spend the payment anyway you see fit—offset unreimbursed medical bills, pay for non-medical expenses associated with hospitalization, or supplement daily living expenses.
Don't let unforeseen costs associated with hospitalization impair you or your family’s financial future. For added protection tomorrow, consider a Standard Life Freedom Series Hospital Indemnity Plan today.
Hospital Daily Benefit
After the specified waiting period, when a Covered Person is confined to a hospital for a covered injury or sickness, the Freedom Series Hospital Indemnity Plan will pay the selected Hospital Daily Benefit amount for each day of confinement, up to the maximum number of days selected. Benefit amounts of $50 to $500 per day are available for a Covered Person under age 65, and $50 to $200 per day for a Covered Person aged 65 and over. Benefits will not be paid for any day or portion of a day for which the Intensive Care Benefits are paid.
0-3 days for covered sicknesses; 0 for covered injuries.
Benefits are payable up to 360 days per hospital confinement.
Intensive Care Benefit
After the specified waiting period, a benefit of two times the Hospital Daily Benefit will be paid for a maximum of 30 days when a Covered Person is confined in an Intensive Care Unit due to a covered injury or sickness. Benefits will not be paid for any day or portion of a day for which the Hospital Daily Benefit is paid.
Home Recovery Benefit
Home Recovery Benefit is available following a Covered Person’s discharge from a hospital stay of 5 or more days. This benefit will pay a lump sum of 25% of the total paid during the first 30 days of any hospital confinement for either the Hospital Daily Benefit or the Intensive Care Unit Benefit.
Hospice Care Facility Benefit
This benefit will pay 25% of the Hospital Daily Benefit for each day, for up to 6 months, when a Covered Person who is terminally ill and with a life expectancy of 6 months or less is admitted into a licensed Hospice Facility.
Private Duty Nursing Care Benefit
If a Covered Person, while confined in a hospital for a covered injury or illness, requires full-time private-duty nursing services, 25% of the Hospital Daily Benefit will be paid for each day after the waiting period has been met, up to the maximum number of days under the Hospital Daily Benefit. (Does not apply if confined in an Intensive Care Unit or for general nursing care provided by the hospital.)
*Hospital does not include certain facilities such as nursing homes, convalescent homes or extended care facilities.
Policy Form 2086 availability will vary by state. The policy has exclusions and limitations. For costs and complete details of the coverage, see your policy for details or call the Company or your Agent.
Standard Life and Accident does not offer to sell, nor solicit an offer to buy any insurance product in any jurisdiction in which the Company is not authorized to do business or the product is not approved.