More employers are offering ancillary benefit plans, including hospital indemnity coverage, as a way to add financial certainty for employees, especially with more than 80 percent of employers now offering consumer-directed health plans. Approximately one in five (21 percent) employers with more than 500 employees now offer hospital indemnity coverage, according to the Mercer National Survey of Employer-Sponsored Health Plans.
Research shows that adding these types of ancillary benefits to a core medical benefits offering can help improve companies’ bottom lines by increasing productivity and employee engagement. According to a report by LIMRA, a worldwide association of insurance and financial services companies, ancillary benefits can help attract and retain employees while improving morale.
UnitedHealthcare’s Hospital Indemnity Protection plans are available to businesses with 51 or more eligible employees in 45 states and Washington, D.C. Ancillary benefit plans are available as standalone products or in addition to medical coverage.
UnitedHealthcare also offers hospital indemnity plans to individuals who buy their own health insurance in 32 states.