Lincoln Financial Group enhances supplemental health suite with expanded Hospital Indemnity insurance coverage
New research shows nearly nine in 10 consumers would be interested in Hospital Indemnity insurance if it were offered as part of their workplace benefits
Amid rising interest in supplemental health coverages,
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221130005129/en/
In today’s economic environment, the financial security provided by supplemental health benefits is more important than ever, nearly half (48%) of
“Employees are looking to their employers for benefits that can offer protection from the unexpected,” said
Nearly nine in 10 employees surveyed say they would be interested in Hospital Indemnity insurance if it were available as part their workplace benefits3. With Lincoln Financial’s Hospital Indemnity plan, employers can offer employees protection against financial hardships due to unexpected hospitalizations, including mental disorder and substance abuse treatment benefits, as well as infectious-disease-related tests, among others.
Enhanced Hospital Indemnity Benefit Options
- Newborn care benefit (sometimes called routine well-baby care): Provides a cash benefit for each day a newborn child remains in the hospital for routine post-natal care immediately following a covered person’s childbirth.
-
Birth center benefit: Provides labor and childbirth experiences in a family-friendly, homelike environment and includes a benefit for each day spent in a
Birth Center for routine care related to childbirth. - Affiliated facility benefit: Provides an additional benefit when being treated in a hospital due to a covered event, where the hospital is owned, operated or controlled by the employer. The benefit percentage applies to the amount of the following benefits: Hospital Admission, Hospital Intensive Care Unit Admission, Hospital Confinement and Hospital Intensive Care Unit Confinement. This benefit is specific to healthcare clients.
Lincoln Financial’s Hospital Indemnity product is available in 45 states and the
As a leading provider in workplace benefits, Lincoln’s expanded Hospital Indemnity solution helps provide additional protection against financial hardships due to unexpected hospitalizations. For more information on Lincoln Financial’s supplemental health solutions, click here.
About
LCN-5189525-111622
1 Lincoln Financial, Consumer Sentiment Omnibus,
2 Lincoln Financial, Consumer Sentiment Omnibus,
3 Lincoln Financial, Wellness@Work: Group Benefits, 2022
src="https://cts.businesswire.com/ct/CT?id=bwnewssty=20221130005129r1sid=acqr8distro=nxlang=en" style="width:0;height:0" />
View source version on businesswire.com: https://www.businesswire.com/news/home/20221130005129/en/
Media
[email protected]
480-662-5371
Source:
Upward Health Selected by San Francisco Health Plan for Enhanced Care Management Initiative
AM Best Affirms Credit Ratings of Stellar Insurance, Ltd.
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News