What is hospital protection insurance?

Even with an excellent insurance coverage, there are always medical expenses and out of pocket costs that are not covered. Hospital Protection Insurance (also known as hospital confinement indemnity insurance) provides cash benefits that you can use as soon as you get the money.

The Hospital Protection Insurance benefits are flexible and customizable. Whether you want to include just the hospitalization benefits or wish to add other features like outpatient surgery, ambulance transportation and diagnostics, this plan will have you covered.

Some advantages of hospital protection:

  • No deductibles
  • Increased benefit amount for the first five days of hospitalization
  • HSA compatible policies are available 
  • We don't use networks, so you can be treated at the hospital of your choice
  • No precertification
  • You own your policy, so even if you change jobs or retire, you can take it with you

Why do I need it?

Getting sick or into an accident today is even scarier after you get all the bills. Even a short stay at the hospital can be very expensive and create a burden for many more years. Even with the best medical insurance policy, some of your bills probably won’t be covered. Other daily expenses like transportation, meals for you and your family members, childcare or time away from work aren’t covered. All these little details tend to accumulate and end up draining your savings.

SIG was founded to help you when financial support is needed the most—a medical crisis. Hospital Protection Insurance is designed to provide you with cash benefits during your insured hospitalization. With Hospital Protection Insurance, only worry about feeling better.

 

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Why you need hospital protection insurance

• In 2005, an average hospital stay cost $8.534.90
• In 2005, outpatient surgery accounted for 63 percent of all operations

Hospital Statistics 2007 Edition, Health Forum, LLC, an affiliate of the American Hospital Association

Hospitalization Fact


The cost of hospitalization continues to increase each year at a rate that is about three times the rate an employee's pay check increases each year, or about 9–10%. The cost of care for a patient in the intensive care unit is very high and reflects the intensity of services and the severity of the condition. The recovery time after a severe event requiring hospitalization in an intensive care unit can be lengthy and often the patient is receiving minimal if any income.


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