Page 45 - Product Summary of Colonial Life_Neat

Hospital Confinement Indemnity Insurance

Individual Medical Bridge is the smart
SM

companion to today’s health plans.

Both employers and employees face complex challenges in balancing benefit
costs and coverage. The solutions to these challenges are simple.

Individual Medical Bridge can offer both coverage and flexibility through 15
separate indemnity-based benefits, including optional riders. This one policy
can help with increasing deductibles, co-pays and other expenses not
covered by many of today’s health insurance plans – helping provide financial
protection when unexpected events get in the way.

This solution can help employers:

„ Round out their overall health care benefits package by providing additional
employee benefits
„ Move to a more affordable health plan by providing employees with a way
to help cover higher deductibles and co-pays

„ Offer HSA-compliant coverage for employees
„ Choose from flexible plan design options
„ Provide guaranteed-issue coverage for certain hospital confinement levels
for all employees, if specific participation levels are met

It can also help employees:
„ Cover out-of-pocket expenses not covered by health insurance, such as co-pays,
deductibles and co-insurance
„ Better afford higher-deductible plans from the marketplace
„ Understand exactly what benefits they’ll receive
„ Choose from available benefit levels and optional riders to fit their needs

„ Receive benefits directly, unless they choose otherwise
„ Avoid coordination of coverage with other insurance plans
„ Often have claims processed faster than expense-based plans
ColonialLife.com „ Cover themselves and their spouses ages 17 – 75, with age-banded premiums
„ Choose from available coverage options for spouse and dependent children

„ Renew and keep coverage even if they change jobs or retire

IMB7000