Hospital Indemnity Insurance

Hospital Indemnity Insurance

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Help keep hospital stays from overwhelming employees with out-of-pocket expenses. Offer coverage that pays a daily benefit for a covered stay in a hospital that occurs after their coverage becomes active.

Hospital Indemnity Insurance can help your employees:

Gain peace of mind amidst high healthcare costs.

As deductibles, co-pays and co-insurance rise, many employees are worried about increasing out-of-pocket costs. Supplemental insurance can help ease those fears.

Receive a daily benefit to use however they choose.

Hospital Indemnity Insurance can be used however you decide and can help pay for everyday expenses like groceries, gas or utilities.

Focus on recovery, not financial stress.

Financial stress can follow employees into the workplace. Ease this potential burden by offering supplemental health insurance benefits.

Hospital Indemnity Insurance is one of three supplemental health insurance products offered by Voya Employee Benefits. These products can help you:

Easily expand your benefits offerings.

This Hospital Indemnity Insurance product works on virtually any enrollment platform or benefits administration system. No health questions are required to enroll in this group product. Pre-existing conditions provisions may apply.

Complement a high-deductible health plan.

If you currently offer — or are considering moving toward — a high-deductible health plan, Hospital Indemnity Insurance is a cost-effective way to round out your coverage options.

Control your benefit costs.

With Hospital Indemnity Insurance offered by Voya Employee Benefits, you’re in control of the plan design, including how premiums will be paid (by the employer, employee or a hybrid) and more.

Ready to take the next step? Talk to a Voya Employee Benefits representative to start designing your plan today.

Hospital Confinement Indemnity Insurance is a limited benefit policy. It is not health insurance and does not satisfy the requirement of minimum essential coverage under the Affordable Care Act.

The definition of “hospital” does not include an institution or any part of an institution used as: a hospice unit, including any bed designated as a hospice or swing bed; a convalescent home; a rest or nursing facility; a free-standing surgical center; an extended care facility; a skilled nursing facility; or a facility primarily affording custodial, educational care, or care for the aged; or care or treatment for persons suffering from mental diseases or disorders or drug or alcohol addiction. “Critical care unit” and “rehabilitation facility” are also defined in the certificate.

Insurance products are issued by ReliaStar Life Insurance Company (Minneapolis, MN) and ReliaStar Life Insurance Company of New York (Woodbury, NY). Within the State of New York, only ReliaStar Life Insurance Company of New York is admitted, and its products issued. Both are members of the Voya® family of companies. Voya Employee Benefits is a division of both companies. Product availability and specific provisions may vary by state and employer's plan.