Hospital Costs Are Rising…
In May the American Hospital Association (AHA) released the 2024 Costs of Caring report, citing “….increased expenses, workforce challenges, and growing administrative burdens,” that are driving significant cost pressures for hospitals and health systems in the United States.
Employees and members are feeling that burden too, as rising health insurance copays and other out-of-pocket expenses can be a barrier to receiving care1, and forcing many Americans into medical debt2.
…Offering Hospital Indemnity Insurance Can Help!
Adding a voluntary or ancillary hospital insurance policy alongside a major medical plan can help alleviate this burden and provide financial protection when an insured needs it most. Hospital indemnity insurance typically provides fixed payments in the event of a hospitalization, helping employees manage unexpected costs from a hospital stay.
What is EssentialCare Hospital Indemnity Insurance?
EssentialCare Hospital Indemnity insurance is an ancillary product from BCS that can help offset the financial gaps in today’s health plans. Modular, adaptable plan designs can be tailored to complement a group’s need, with guaranteed issue, no coordination of benefits, and family coverage options. Claims are paid directly to the insured through a simplified claims submission process, or through claims integration, in some instances.
With expansive benefit types, and support service coverages like wellness, dependent care, and more, EssentialCare Hospital Indemnity can be a great fit for those seeking a flexible voluntary benefit solution. Visit essentialcare.com, and contact your BCS representative for more information.
ESSENTIALCARE PRODUCTS ARE LIMITED BENEFIT POLICIES—READ YOUR POLICY CAREFULLY. THESE POLICIES ARE NOT MAJOR MEDICAL INSURANCE AND ARE NOT INTENDED TO BE A SUBSTITUTE FOR MAJOR MEDICAL COVERAGE.
BCS EssentialCare insurance is underwritten by BCS Insurance Company, Worthington, OH (Administrative Offices: Oakbrook Terrace, IL). See policy documents for a complete description of benefits, exclusions, limitations, and conditions of coverage. Not all benefits available in all states. Features and availability vary by location, and are subject to change. Some products may be pending regulatory approval in certain states.
