Hospital Indemnity Plans as a “wrap”
Many clients have asked how they can supplement their employees coverage when they get enrolled through the affordable care act healthcare.gov marketplace. Employers are permitted to offer wrap plans that consist of “excepted benefits”. A group Hospital Indemnity plan can fit the bill and provide a comprehensive financial support plan for a family dealing with a medical crisis. It also allows the employee to make a more prudent health plan selection by giving them coverage for any large deductibles, co-pays or cost sharing scenarios. Hospital Indemnity plans are available to individuals too.
Download more information on Shelterpoint’s Hospital Indemnity plan
Below is a short video from AIG Benefit Solutions that provides some insight about how these plans work:
Click here for more information on wrap plans. As always contact your Total Benefit Solutions, Inc. account manager if you have any questions about Hospital Indemnity plans.