Combined Insurance launches new hospital expense compensation program


Combined Insurance Company of America, a Chubb company, announced the launch of Hospital Champion, a new customizable hospital compensation product created specifically for small businesses.

Hospital Allowance is one of the fastest growing supplemental health insurance products in the country as employers expand voluntary benefit programs to recruit and retain talent, Combined said. These benefits can be used by employees to help offset soaring medical plan costs and out-of-pocket expenses, especially due to the prevalence of high-deductible health insurance plans. The average annual health insurance deductible is $1,945 for individual coverage and $3,722 for family, and the average cost of a hospital day is $2,607, Combined said.

“Because small businesses are vital to the economic health of their communities and to our nation as well, it’s important to provide valuable insurance solutions during tough economic times,” said Mat Matarrese, senior vice president, American agency, at Combined. “Small businesses can benefit from this type of supplemental insurance offering because it helps employers attract and retain the team they need to succeed, while providing employees with greater peace of mind than never.”

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Hospital Champion pays cash benefits directly to employees in the event of unexpected hospitalization due to illness or injury. Benefit payments can be used by policyholders as they wish, including for deductibles or co-payments, or for other costs such as transportation, groceries or bills.

The program also provides coverage beyond traditional daily hospital benefits. Employers can customize the program with up to 24 benefit options, including:

  • Doctor’s visits and x-rays due to covered accident or illness
  • Inpatient and outpatient surgery
  • Recovery in a rehabilitation center
  • Health screenings such as mammogram, pap test, colonoscopy, stress test, etc.

“Because even a brief hospital stay can be financially challenging, Hospital Champion can help employees supplement their medical coverage, especially high-deductible health plans,” said Janet Buzil, senior vice president of the innovation and product delivery at Combined. “By providing cash benefits that can be used to help pay for out-of-pocket expenses, this new product can give families greater confidence in their financial future.”


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