Voluntary Hospital Indemnity Plans
Voluntary hospital indemnity products have been around for many years—and in many different forms. The popularity of true hospital indemnity plans suffered in the heyday of gap plans and mini-meds. Today however, due to the issues with expense-based plans under healthcare reform, traditional indemnity-based supplemental plans are making a comeback
.
The 2011 Voluntary Hospital Indemnity Plans Spotlight Report examines the current voluntary hospital indemnity products of nine carriers. This includes:
- Carrier marketing and results
- Product benefits
- Policy limitations and exclusions
- Product differentiation
- Underwriting parameters
- Costs/rates
- Commissions
The report is designed to help carriers better understand how their product “fits” relative to the competition, and what, if anything, they might need to do to enhance their offering
.
Order Info: The 2011 Voluntary Hospital Indemnity Plans Spotlight Report is available for purchase for just $1,500. To purchase a copy, simply email Eastbridge at info@eastbridge.com or call (860) 676-9633.
Table of Contents
1. Executive Summary
A. Introduction
B. Key Findings
C. Eastbridge Insights and Recommendations
D. Methodology
2. Carrier Marketing and Results
A. Sales
B. Competitors
C. Penetration
D. Persistency
E. Claims
F. Healthcare Reform
G. Concerns for Future
3. Product Details by Carrier
A. General Information
1. Platform
2. State Approvals
3. Length of Time in Marketn
B. Benefits
1. In-Hospital Benefit
2. Hospital Admissions Benefit
3. Outpatient Benefit
4. Physician’s Benefit
5 Intensive Care Benefit
6. Screening or Preventative Benefit
7. Other Benefits
C. Policy Limitations and Exclusions
1. Lifetime Maximums
2. Elimination Periods
3. Pre-Existing Exclusions
4. Other Limitations and Exclusions
D. Other Policy Provisions
1. Renewability
2. Termination for Age
3. Waiver of Premium
4. Coordination of Benefits
5. Differentiation
6. Portability
E. Underwriting
1. Unacceptable Accounts
2. Age Guidelines
3. Hours per Week
4. Length of Employment
5. Simplified Issue Guidelines
6. Guaranteed Issue Guidelines
7. Other Coverages
F. Costs
1. Rate Structure by Gender
2. Rate Structure by Age
3. Rates and Risk Classes
4. Smoker/Non-smoker Rates
5. Rate Structure for Family
6. Rates
G. Commissions
|
