CARMEL,
Ind., Sept. 24, 2024 /PRNewswire/
-- Washington National Insurance Company, a national provider
of supplemental health and life insurance products for
middle-income Americans, announced today an enhanced Hospital
Indemnity Insurance product available directly to worksite and
consumer customers.
The new Hospital Indemnity Insurance plan pays benefits to
policyholders and their family members when they experience a
hospital stay for a covered accident or sickness, now including
mental illness. Washington National enhanced the base policy
coverage to include a cash benefit for inpatient and outpatient
care during the time an insured spends in the hospital.
Policyholders may also add optional riders to the base coverage to
customize their plan to help safeguard their savings due to an
unforeseen hospital stay.
"Hospital Indemnity Insurance is supplemental health coverage
that helps customers cover rising costs associated with unexpected
hospital stays," said Karen DeToro,
president, Worksite Division at CNO Financial Group. "At a time
when nearly half of U.S. adults would be unable to pay an
unexpected medical bill of $500 in
full without going into debt1, our enhanced product
provides a much-needed layer of financial protection. Consumers and
their families can have peace of mind and focus on their care and
recovery without the added burden of financial stress."
Additional benefits of Hospital Indemnity Insurance include:
- Flexibility: Because cash benefits are paid directly to
policyholders, there are no restrictions on how they use their
benefits.
- Portability: Policyholders can keep their policy even if
they change jobs, move to a different state, retire or go on
Medicare.
- Consistency: Premiums remain the same and cannot be
increased unless all rates of that kind are raised in a
policyholder's state.
- Renewability: Policies are guaranteed to be renewable as
long as they pay the required premiums on time.
For more information about Hospital Indemnity Insurance, visit
washingtonnational.com/families-individuals/health-insurance/hospital/.
About Washington National Insurance Company
Washington
National Insurance Company, part of the CNO Financial Group (NYSE:
CNO) family of brands, has helped Americans since 1911 to protect
themselves and their families from the financial hardship that
often comes with critical illness, accidents or loss of life. The
company's supplemental health and life insurance products are
designed to help give policyholders and their loved ones' peace of
mind. Policyholders can depend on Washington National to be a
strong, caring partner in helping to provide financial security for
them and their families. To learn more, visit
WashingtonNational.com.
1 – KFF. Americans' Challenges with Health Care Costs.
https://www.kff.org/health-costs/issue-brief/americans-challenges-with-health-care-costs.
March 1, 2024.
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SOURCE Washington National Insurance Company