Medical bills remain one of the biggest financial stressors for many American households today. Studies show that medical debt contributes to over 60% of personal bankruptcies in the U.S., a staggering reality that highlights how quickly healthcare expenses can overwhelm even those with insurance.
A key factor behind these rising costs? Hospital stays.
According to the Kaiser Family Foundation (KFF), the average cost of a hospital stay per day in the U.S. is now over $3000 – including both inpatient and outpatient care during admission.
Even with employer-sponsored major medical insurance, often considered the gold standard, many employees still face hefty out-of-pocket expenses like deductibles, copays, and coinsurance. These costs can add up quickly during an unexpected hospital stay, leaving employees vulnerable to financial strain.
Why This Matters to Brokers & Employers:
When employees face a major health event, the resulting bills can be overwhelming.
That financial stress doesn’t just stay at home. It shows up at work and is closely linked to absenteeism (missed workdays) and presenteeism (being physically at work but unable to fulfill job requirements). Both have a measurable impact on productivity and, ultimately, company success.
By offering supplemental coverage, employers can help ease financial stress, allowing employees to recover faster, return to work sooner, and stay more focused on the job, all while boosting job satisfaction.
How BCS EssentialCare Helps:
Unlike other supplemental plans, BCS EssentialCare Hospital Indemnity offers separate daily benefits for hospital stays and ICU confinement, giving your clients broader, more flexible financial protection when they need it most.
This type of supplemental coverage provides fixed cash payments to help cover the out-of-pocket costs that major medical plans don’t fully cover. Whether it’s a day in the hospital or a stay in the ICU, these payments help employees focus on recovery and ease the financial burden.
For brokers, BCS EssentialCare makes it easier to provide clients with benefits that address real financial challenges when it matters most.
Real Life Examples:
One insured individual was hospitalized in the ICU with meningitis. The hospital bills quickly reached an estimated $10,000. Because they had both EssentialCare Critical Illness and Hospital Indemnity plans, they received a combined payout of $9,200 within 35 days – helping cover medical bills and living expenses while they couldn’t work.
In another case, an insured was hospitalized for a heart attack. They received benefits for the hospital admission, ICU admission, and daily confinement – all adding up to $4,800.
Take the next step:
With healthcare costs continuing to rise, now’s the time to explore how supplemental coverage can protect your clients and employees’ financial health.
BCS EssentialCare can help bridge the gaps in coverage and provide financial relief during an unexpected hospital visit.
Learn more about BCS EssentialCare Hospital Indemnity here or contact us today.
