Your Hospital Indemnity Insurance includes the following benefits:
Benefits are payable upon admission on an inpatient basis to a covered facility for confinement as an inpatient due to treatment of an injury or sickness.
Voya Cares® is not insurance coverage. It is a service offered through the Voya family of companies.
What is Hospital Indemnity Insurance?
Hospital Indemnity Insurance pays a daily benefit if you have a covered stay in a hospital*, critical care unit or rehabilitation facility. The benefit amount is determined based on the type of facility and the number of days you stay. This is a limited benefit policy. Hospital Indemnity Insurance is not health insurance and does not satisfy the requirement of minimum essential coverage under the Affordable Care Act.
How can Hospital Indemnity Insurance help?
You can use the benefit however you would like. While coverage amounts may vary, below are a few examples of how you could use your benefit:
Why should I enroll through my employer?
Premium amounts are deducted from your paychecks, so you don’t have to worry about paying another bill.
Can I purchase coverage for my spouse and child?
Coverage is available for your eligible spouse and your eligible children up to age 26* as defined in the certificate of insurance and riders, if employee coverage is elected.
*Standard ages may vary.
How much does it cost?
The cost of Hospital Indemnity Insurance varies. It is very likely that your monthly premium will be less than your monthly lunch budget.
Do I need to provide health information when I apply?
No. There are no medical questions you need to answer or medical tests to take in order to get coverage. Pre-existing conditions may apply.
See the certificate and any riders for a complete description of benefits, exclusions and limitations.
This is a summary of benefits only. A complete description of benefits, limitations, exclusions and termination of coverage will be provided in the certificate of insurance and riders. All coverage is subject to the terms and conditions of the group policy. If there is any discrepancy between this document and the group policy documents, the policy documents will govern. To keep coverage in force, premiums are payable up to the date of coverage termination. Hospital Confinement Indemnity Insurance is underwritten by ReliaStar Life Insurance Company (Minneapolis, MN), a member of the Voya® family of companies. Policy Form #RL-HI2-POL-18; Certificate Form #RL-HI2-CERT-18; Spouse Hospital Confinement Indemnity Rider form RL-HI2-SPR-18; Children’s Hospital Confinement Indemnity Rider form RL-HI2-CHR-18; Continuation of Insurance Rider form RL-HI2-CNT-18; Diagnostic Test Benefit Rider form RL-HI2-DGR-18; Wellness Benefit Rider form RL-HI2-WELL-18; Accident Benefit Rider form RL-HI2-ACD-18; Critical Illness Rider form RL-HI2-CIR-18; and Waiver of Premium Rider form RL-HI2-WOP-18. Form numbers, provisions and availability may vary by state.
Hospital stays aren’t cheap. And even with medical insurance, there are still a lot of out-of-pocket costs to consider.
Example expenses incurred during two-day hospital stay:
|Health insurance deductible||$1,500|
|Meals and parking||+||$40|
|Total out-of-pocket expenses||$1,740|
|Example Admission Benefit
(Benefit paid on the first day of admission)
|Example daily benefit paid under policy
(Daily benefit amount x 1 day)
|Total benefits paid||$1,200|
The amounts shown above are for illustrative purposes only. Actual costs/results may vary.
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