Out-of-Pocket Hospital
Costs Can Add Up Quickly
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The average length of hospital confinement for adults
under age 65 is 4.6 days. (National Health Statistics
Group, 2000-2004)
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Just co-payments and deductibles alone have increased
by 40 percent in the past four years. (Employer
Health Benefits Survey, Kaiser Family Foundation, 2004)
Have you considered how you would pay the increasing
out-of-pocket expenses related to a hospital stay or
outpatient surgery? Costs such as co-payments,
deductibles and expenses not paid by health insurance?
And associated nonmedical costs such as travel expenses,
food and lodging costs, and child care must also be covered.
Hospital Confinement Indemnity Insurance through Colonial
Supplemental Insurance can help you prepare for the increasing
costs related to a hospital confinement. This coverage
provides a lump-sum benefit that can help you pay out-of-pocket
expenses associated with hospitalization such as co-payments
or deductibles, transportation to or from the hospital,
and child care for your family.
Through our association with Colonial Life & Accident
Insurance Company, SCMA Financial Services, Inc., can
make this valuable protection available to you and your
staff.
Want to know more?
E-mail stewart@scmanet.org or
call 1-800-327-1021 ext. 406
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