IMPORTANT: This is a Fixed Hospital Indemnity Policy,
NOT Health Insurance
Disclaimer: This fixed indemnity policy may pay you a limited dollar amount if you're sick or hospitalized. You're still responsible for paying the cost of your care.
• The payment you get isn't based on the size of your medical bill.
• There might be a limit on how much this policy will pay each year.
• This policy isn't a substitute for comprehensive health insurance.
• Since this policy isn't health insurance, it doesn't have to include most Federal consumer protections that apply to health insurance.
Looking for comprehensive health insurance?
• Visit HealthCare.gov or call 1-800-318-2596 (TTY: 1-855-889-4325) to find health coverage options.
• To find out if you can get health insurance through your job, or a family member's job, contact the employer.
Questions about this policy?
• For questions or complaints about this policy, contact your State Department of Insurance. Find their number on the National Association of Insurance Commissioners' website (naic.org) under "Insurance Departments."
• If you have this policy through your job, or a family member's job, contact the employer.
Hospital Indemnity Insurance
Many of the FEHB plans are considered to be good, however, they were never intended to pay 100% for your health care.
Deductibles, co-insurance and co-pays can lead to an unexpected financial burden many people do not plan.
If you were hospitalized today, would you have enough money to pay out of pocket $3,000, $4,000, $5,000 or more?
Life’s full of unexpected events. Planning ahead with supplemental insurance plans can help you feel more prepared to handle these costs.
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How Hospital Indemnity Insurance Works
FedAdvantage’s Hospital Indemnity Insurance helps with the expenses not covered by your health plan which can help prevent deductibles and out-of-pocket expenses from derailing your budget.
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Trouble Strikes
Suddenly something is wrong. You contact your physician and find yourself heading to the hospital.
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You're Admitted
Without warning, you’re going through tests as physicians scramble to get control of the situation. After your hospital stay, you’re released and feeling better.
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Minimize the Bill
While this visit does come with a price, we pay cash benefits directly to you which can help ease the financial burden.
The Difference Between Hospital Indemnity Insurance
and Health Insurance
Health insurance and Hospital Indemnity insurance serve different purposes for medical coverage. While health insurance typically provides coverage for a medical services, hospital indemnity insurance is a supplemental policy designed to provides benefits for hospital stays. This type of coverage helps to cover out-of-pocket expenses that health insurance may not fully address, such as deductibles or daily living costs. While health insurance focuses on overall medical care, hospital indemnity insurance addresses financial costs during hospitalizations. Inquire about supplemental insurance plans with our federal insurance consultants.
Hospital Indemnity Insurance
Frequently Asked Questions
Below you’ll find answers to the questions we get asked the most when inquiring about Hospital Indemnity Insurance.
Is Hospital Indemnity Insurance Available in all States?
Currently, Hospital Indemnity Insurance is only available in the following states:
AL, AZ, CA, CO, CT, DE, DC, GA, HI, ID, IN, IA, KY, LA, ME, MD, MA, MI, MN, MS, MO, NE, NJ, NY, ND, OH, OK, RI, SD, TN, VA, WV, WI, WY.
We are working to make the program available in as many states as possible, so please check back to see if your state has been added.
Do I Have to Take a Physical Exam?
No, you are not required to take a physical exam or provide medical evidence in order to enroll on our Hospital Indemnity Insurance program.
Is There a Pre-existing Condition?
No. This coverage is offered on a guaranteed issue basis. So, when you enroll, you are automatically issued coverage. Any new hospitalization that occurs to a covered member on or after the effective date will be covered.
When does the Coverage Become Effective?
You become eligible for benefits under the plan on the date your first premium has been received.
How do I Enroll?
Enrollment is simple you can enroll online.
How do I Pay for the Plan?
Premiums are currently paid through monthly ACH bank withdrawals.
When can I Cancel the Plan?
You may cancel the plan at any time. To cancel the plan, please send an email to CustomerService@FedAdvantage.com.
When does the Coverage Become Effective?
You become eligible for benefits under the plan on the date your first premium has been received.
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Related Insurance Insights
Disclaimer:
Not for residents of New Mexico
Not for use in New Mexico
The products issued by The Prudential Insurance Company of America may not be available in all states.
THIS IS AN EXCEPTED BENEFITS POLICY. IT PROVIDES COVERAGE ONLY FOR THE LIMITED BENEFITS OR SERVICES SPECIFIED IN THE POLICY.
This coverage is not health insurance coverage (often referred to as "Major Medical Coverage").
This policy provides Hospital Indemnity Insurance only. It does NOT provide basic hospital, basic medical, or major medical insurance as defined by the New York State Department of Financial Services.
IMPORTANT NOTICE - THIS POLICY DOES NOT PROVIDE COVERAGE FOR SICKNESS
Hospital Indemnity Insurance coverage is a limited benefit policy issued by The Prudential Insurance Company of America, a Prudential Financial company, Newark, NJ. Prudential's Hospital Indemnity Insurance is not a substitute for medical coverage that provides benefits for medical treatment, including hospital, surgical, and medical expenses, and it does not provide reimbursement for such expenses. The Booklet-Certificate contains all details, including any policy exclusions, limitations, and restrictions, which may apply. If there is a discrepancy between this document and the Booklet-Certificate/Group Contract issued by The Prudential Insurance Company of America, the Group Contract will govern. Please contact Prudential for more information. Contract provisions may vary by state. Contract Series: 83500.
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