Page 21 - 2018 Franke Enrollment
P. 21
Franke
Group Hospital Indemnity How Can Hospital
Medical Coverage Indemnity Insurance
Help?
Even a minor trip to the hospital can present you with unexpected Below are a few examples of how
expenses and medical bills, and even with major medical insurance, your your hospital coninement indemnity
plan may only pay a portion of your entire stay. Hospital Indemnity insurance beneit could be used
Insurance is designed to provide inancial assistance to enhance your (coverage amounts may vary).
current coverage. Employees can use the beneit to meet the out-of- X Medical expenses such as
pocket expenses and extra bills that can occur. Beneits are paid directly to deductibles and copays
you based on the amount of coverage listed, regardless of the actual cost X Travel, food, and lodging
of treatment. expenses for family members
X 30 day waiting period—no beneits will be paid for a covered loss X Childcare
which occurs during the beneit waiting period X Everyday expenses like utilities
and groceries
Beneit Description
First Day Hospital Coninement $1,000 Features of hospital coninement
Daily Hospital Coninement $100 per day Indemnity Insurance include the
Maximum Days Payable 30 following.
Hospital Intensive Care $200 per day X Guaranteed issue—no medical
Maximum Days Payable 30 questions or tests required for
coverage
Bi-Weekly Premium X No pre-existing conditions—
Employee Only $6.73 beneits are payable regardless of
Employee + Spouse $16.68 any condition you may have
Employee + Child(ren) $12.57
Family $22.52 X Flexible—you can use the beneit
money for any purpose you like
21
Group Hospital Indemnity How Can Hospital
Medical Coverage Indemnity Insurance
Help?
Even a minor trip to the hospital can present you with unexpected Below are a few examples of how
expenses and medical bills, and even with major medical insurance, your your hospital coninement indemnity
plan may only pay a portion of your entire stay. Hospital Indemnity insurance beneit could be used
Insurance is designed to provide inancial assistance to enhance your (coverage amounts may vary).
current coverage. Employees can use the beneit to meet the out-of- X Medical expenses such as
pocket expenses and extra bills that can occur. Beneits are paid directly to deductibles and copays
you based on the amount of coverage listed, regardless of the actual cost X Travel, food, and lodging
of treatment. expenses for family members
X 30 day waiting period—no beneits will be paid for a covered loss X Childcare
which occurs during the beneit waiting period X Everyday expenses like utilities
and groceries
Beneit Description
First Day Hospital Coninement $1,000 Features of hospital coninement
Daily Hospital Coninement $100 per day Indemnity Insurance include the
Maximum Days Payable 30 following.
Hospital Intensive Care $200 per day X Guaranteed issue—no medical
Maximum Days Payable 30 questions or tests required for
coverage
Bi-Weekly Premium X No pre-existing conditions—
Employee Only $6.73 beneits are payable regardless of
Employee + Spouse $16.68 any condition you may have
Employee + Child(ren) $12.57
Family $22.52 X Flexible—you can use the beneit
money for any purpose you like
21
