What you need to know
If you’re ever affected by a critical illness or a surprise hospital stay, you (and your bank account) will be glad you put some safety nets in place. Critical illness and hospital indemnity are optional plans that pay cash benefits directly to you if you experience a covered event, regardless of what your medical plan pays. Premiums are based on your age, and you pay the full cost. You can enroll yourself as well as your spouse and/or children.
Critical illness insurance
This coverage provides:
- A cash benefit if you’re diagnosed with a covered critical illness or disease, whether or not the charges are covered by your medical plan
- Benefit payments sent directly to you that can be used for any purpose, from covering medical copays and deductibles to paying for everyday expenses such as the mortgage, groceries and utilities
- Simple enrollment with no health or medical questions to answer (when you sign up for coverage during new hire enrollment)
- Limitations on preexisting conditions; contact Guardian if you have questions.
Covered critical illnesses include:
- Heart attack
- Multiple sclerosis
- Stroke
- Alzheimer’s disease
- Parkinson’s disease
- Major organ failures
Your coverage options
Benefit coverage amounts you can choose | |
---|---|
Employee | Increments of $5,000, up to $30,000 |
Spouse | Increments of $2,500, up to $15,000 (up to 50% of employee benefit) |
Children | 25% of employee benefit |
Hospital indemnity insurance
This coverage provides:
- A cash benefit when you’re admitted to a hospital for any reason, whether or not the charges are covered by your medical plan
- A cash benefit when you get a covered annual health screening
- Benefit payments sent directly to you that can be used for any purpose, from covering medical copays and deductibles to paying for everyday expenses such as the mortgage, groceries and utilities
- Simple enrollment with no health or medical questions to answer
- The ability to take the coverage with you if you change jobs or retire
What the plan pays
Coverage | Benefit |
---|---|
Hospital admission | $1,500 per admission Maximum: 1 admission per year, per insured (3 admissions per year, per covered family) |
Hospital/ICU confinement | $100 per day Maximum: 15 days per year |
Note: There is a preexisting condition limitation that excludes coverage for conditions for a certain time prior to and after you first enroll. Check with Guardian for details.
Please refer to the plan and policy documents for additional details on the plans, including exclusions, limitations and eligibility.