Hospital Deductible Insurance

Hospital Deductible Insurance (HDI)
If your group like so many others these days is changing to a High Deductible Health Plan (HDHP) we can help make your employees more comfortable with the transition. Helps fill the benefit gap created by High Deductible Health Plans. Sure, your employees understand that the	old plan has become unaffordable. But one of their major concerns when the new plan is rolled out is “How will I pay that big deductible all at once if I am hospitalized?” Even if you have coupled your HDHP with a Health Savings Account or a Health Reimbursement Arrangement, that’s still a legitimate worry.
"How will I pay that big deductible all at once if I am hospitalized?”
Simple and Affordable HDI is really simple - and surprisingly affordable. It’s a First Hospital Confinement Hospitalization policy. Choose the amount of coverage that will help fill the gap of the annual deductible under your HDHP.	Then, the first time each year that each covered person is hospitalized for one day or longer, HDI pays the selected amount in a lump-sum to offset the cost of the deductible. After that, for the rest of the year, that person’s deductible is satisfied under your HDHP.

HDI Features

Guaranteed Issue For Eligible Employees and Their Eligible Dependents
No Participation Requirements
Employer-Paid And Voluntary Rates Available
No Pre-Existing Conditions Limitations When The Employer Pays 100% of Employee Only Premium
Compatible With HRAs & HSAs

The HDI plan provides a lump sum payment to help offset an HDHP deductible gap.

Benefits are payable when a covered person is confined as an inpatient in a hospital for at least one day.

Benefits are only payable once - per covered person - per Plan Year.

Questions (804) 273-9797