Page 23 - 2019 Franke Enrollment Guide
P. 23
Franke
GROUP HOSPITAL How Can Hospital
INDEMNITY INSURANCE Indemnity Insurance
Help?
Even a minor trip to the hospital can present you with unexpected expenses Below are a few examples of
and medical bills, and even with major medical insurance, your plan may only how your hospital indemnity
pay a portion of your entire stay. Hospital Indemnity Insurance is designed insurance beneit could be used
to provide financial assistance to enhance your current coverage. Employees (coverage amounts may vary).
can use the benefit to meet the out-of-pocket expenses and extra bills that can Medical expenses such as
occur. Benefits are paid directly to you based on the amount of benefit listed, deductibles and copays
regardless of the actual cost of treatment.
Travel, food, and lodging
30-day waiting period—no benefits will be paid for a covered loss which expenses for family
occurs during the benefit waiting period members
Benefit Description Childcare
First Day Hospital Confinement $1,000 Everyday expenses like
Daily Hospital Confinement $100 per day utilities and groceries
Maximum Days Payable 30 Features of hospital Indemnity
Hospital Intensive Care $200 per day Insurance include the following.
Maximum Days Payable 30
Guaranteed issue—no
medical questions or tests
Bi-Weekly Post Tax Premium required for coverage
Employee Only $6.73
Employee + Spouse $16.68 No pre-existing conditions—
Employee + Child(ren) $12.57 beneits are payable
Family $22.52 regardless of any condition
you may have
Flexible—you can use the
beneit money for any
purpose you like
23
GROUP HOSPITAL How Can Hospital
INDEMNITY INSURANCE Indemnity Insurance
Help?
Even a minor trip to the hospital can present you with unexpected expenses Below are a few examples of
and medical bills, and even with major medical insurance, your plan may only how your hospital indemnity
pay a portion of your entire stay. Hospital Indemnity Insurance is designed insurance beneit could be used
to provide financial assistance to enhance your current coverage. Employees (coverage amounts may vary).
can use the benefit to meet the out-of-pocket expenses and extra bills that can Medical expenses such as
occur. Benefits are paid directly to you based on the amount of benefit listed, deductibles and copays
regardless of the actual cost of treatment.
Travel, food, and lodging
30-day waiting period—no benefits will be paid for a covered loss which expenses for family
occurs during the benefit waiting period members
Benefit Description Childcare
First Day Hospital Confinement $1,000 Everyday expenses like
Daily Hospital Confinement $100 per day utilities and groceries
Maximum Days Payable 30 Features of hospital Indemnity
Hospital Intensive Care $200 per day Insurance include the following.
Maximum Days Payable 30
Guaranteed issue—no
medical questions or tests
Bi-Weekly Post Tax Premium required for coverage
Employee Only $6.73
Employee + Spouse $16.68 No pre-existing conditions—
Employee + Child(ren) $12.57 beneits are payable
Family $22.52 regardless of any condition
you may have
Flexible—you can use the
beneit money for any
purpose you like
23
