The latestversions of hospital indemnity plans have many options in both thespecific benefits included in the plan and the benefit amounts.(Photo: Shutterstock)
In the 2019 BenefitsPRO/Eastbridge survey, brokers said that,increasingly, their "go-to" voluntary products are accident,critical illness and hospital indemnity, rather than just life anddisability. But despite this finding, 72 percent of all employersdo not offer a hospital indemnity/supplemental medical plan. Maybemore important, just 27 percent of employees currently own ahospital indemnity plan. That means 73 percent do not own it, butwhen asked about products they might like to purchase on avoluntary basis, 43 percent of those employees are interested inbuying one.
Regardless of whether you are currently selling hospitalindemnity plans to your cases, read on to see why you should andwhy you need to be sure your plan is up-to-date with the latestdevelopments in the product.
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