Supplemental Insurance Basics
What is a supplemental insurance benefit period?
A supplemental insurance benefit period is the maximum period of time that benefits are payable for a single claim. Hospital indemnity insurance may have a benefit period of 30-365 days per hospitalization. Short-term disability insurance has a benefit period of 3-6 months. Longer benefit periods result in higher premiums.
Key Points
- Benefit period: maximum time benefits are payable for a single claim
- Hospital indemnity: typically 30-365 days per hospitalization
- Short-term disability: 3-6 months
- Longer benefit period = higher premium
- An independent agent can help you choose the right benefit period