Healthcare Indemnity Insurance
Protecting families and their financial security
Life can be full of unwelcomed mishaps and being prepared for the unexpected is important. The average three-day hospital stay runs $30,000. Insurance covers much of that, but some additional expenses often remain. The 5Star Life Insurance Company Healthcare Indemnity insurance pays cash benefits from day one when employees or their family members are hospitalized or receive other covered medical treatment.
In addition to peace of mind and financial flexibility, the policy:
Helps offset expenses not covered by employer-provided medical insurance such as deductibles, co-pays, and out-of-pocket costs.
Offers the convenience of employer payroll deduction and provides coverage for employees’ spouse and their children.
Gives employees the freedom to use the cash benefits as needed – to pay medical bills, everyday living expenses, or any other unexpected expenses.
Pays benefits directly to the employee or a designated medical provider regardless of what the employees’ primary insurance covers, with no coordination of benefits.
What are the covered events for employees and their families?
(Benefits may vary based on plan selected.)
We offer plans for every budget and need. Plans that cover everyday needs, HSA compliant plans, etc. For costs and further details of the coverage, including exclusions, any reduction or limitations and the terms under which the policy may be continued in force, check out our resources below.