Hospital Confinement

Historically, one of the most popular voluntary benefits is the simple scheduled payment plan that pays you directly (based upon a predetermined schedule of fixed benefits). We have several carriers to choose from if you desire to offer this type of policy to your employees and their dependents.

There are also variations on this type of policy. See three variations below and feel free to call us for the most up-to-date information.

Critical Illness Insurance:
With so many health plans tightening the restrictions on benefits these days, a Critical Illness Plan can help complement your existing benefits. This is a simple, lump sum benefit that will pay upon the diagnosis of major illnesses such as terminal cancer, heart attack, kidney failure, stroke, organ transplant, paralysis, coma, loss of sight, etc. This benefit is paid directly to the insured, and can be used for whatever expenses are needed. Carriers such as Colonial, American Heritage, AIG and Unum have excellent Critical Illness policies available at very reasonable premiums for your employees.

Medical Bridge or Medical Gap Plans:
With more and more companies raising deductibles on group health plans to keep rates affordable, Medical Bridge Plans are an inexpensive way to provide lump sum benefits to employees for hospital confinements or outpatient surgeries. Colonial Life & Accident and American Fidelity are two insurance companies that offer these gap plans. These plans are low maintenance, and typically do not experience rate increases as frequently as health insurance plans. This would be the perfect way to round out a health plan with high deductibles and out of pocket expenses.

Mini-Med Limited Medical Policies:
Mini-Med policies are a perfect fit for part-time workers or for companies where it is simply impossible to be able to provide a full major medical insurance plan. Mini-Med gives employees important coverage that will provide them coverage up to $5,000 or $10,000 depending on which policy they buy. The good news is the premiums are extremely affordable and all employees are accepted on the plan -- just like any other type of group insurance plan. Although many companies are now coming out with their own versions of Mini-Med plans, American Heritage and Companion Life are leaders in offering this type of protection.