Humana Hospital Cash Value Plan
Every year thousands of individuals are hospitalized or require some form of emergency room treatment, procedures that almost always cost much more than a simple doctor visit. To help offset these expensive and often time consuming visits, you can cover yourself with a Hospital Cash Plan. This plan is designed to pay you a set amount of money due to events such as hospital confinement or emergency room treatment.
Hospital Confinement Benefit: Humana will pay $500 for each hospital confinement of a covered person, no more than once per person per year. Confinements for the same or related injury or sickness will be considered a single hospital confinement unless separated by a period of at least 180 days.
Emergency Room Treatment Benefit: Humana will pay $150 when a covered person visits a hospital emergency room and requires and receives emergency room care. No benefits are paid for more than two such visits for each covered person per year. For a Couple plan, no benefits are paid for more than three such visits per year, four visits per year for Single Parent plans, and six visits per year for Family plans.
Outpatient Surgery Benefit: Humana will pay $150 when a covered person requires and undergoes an outpatient surgical procedure for which a fee is charged. No benefits are paid for more than two such visits for each covered person per year. For a Couple plan, no benefits are paid for more than three such visits per year, four visits per year for Single Parent plans, and six visits per year for Family plans.
Exclusions and Limitations:
Coverage for pre-existing conditions does not take effect until twelve months after start of coverage. Exclusions and limitations include cancer during the first six months, pregnancy/childbirth during the first ten months, self-inflicted injury, or treatment due to being under the influence of drugs or alcohol. For a full list of exclusions, see the policy brochure.
How to Apply:
Unfortunately we cannot offer online applications for Humana's Hospital Cash Value coverage at this time. To apply, contact any one of our helpful Personal Benefits Managers, or call our office at 800-913-6381 and within just a few minutes your application will be submitted.
Humana is a division of Humana Inc., one of the nation's largest publicly traded health benefits companies, with over 11 million medical members as of 2008, in 18 states and Puerto Rico.
Humana has been assigned an "A-" (Excellent) rating from the A.M. Best Company, an independent insurance rating organization. A.M. Best assigned this rating after a thorough quantitative and qualitative evaluation of a company's financial condition and operating performance.
ColoHealth is an independent authorized Humana agent.