Employers can choose from four plans of the group HI insurance policy. The benefits include the following:

Hospital admission – Cash benefit ranges between $250 and $325 per admission (depending on the plan selected) with unlimited hospital stays;
Hospital confinement – Cash benefit is up to $28,800 (payments of $160 per day, up to 180 days per confinement);
Hospital intensive care – Maximum cash benefit of either $4,500 or $9,000 per admission (payments range between $150 and $300 per day, up to 30 days per confinement; depending on the plan selected);
Hospital emergency room/physician benefit – Cash benefit is up to $250 per insured or $1,000 maximum per family, per calendar year, for medical fees associated with hospital emergency room visits.

Product eligibility and options include the following:

Guaranteed-issue – During the initial enrollment, coverage is guaranteed-issue. No medical underwriting is required so that eligible employees may qualify for the plan. Subsequent to the initial enrollment, evidence of insurability will be required for late enrollees.
Flexible options – Employers can choose one of four plans that best meet the needs of their employees.
No age bands – Age bands are eliminated, allowing a uniform rate for all employees.

Instant Insights /

Aflac launches group hospital indemnity plan in New York