- Social Work Malpractice Insurance
- Overview
- Social Work Professional Liability Insurance
- Student/School Social Work Liability Insurance
- Agency Liability Insurance
- Group Life & Disability Insurance
- Overview
- Term Life Insurance
- Long-Term Disablity Insurance
- Hospital Daily Cash Benefit Insurance
- Personal Accident Insurance
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Print! Group Insurance Application
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The Hospital Daily Cash benefit program provides you incidental cash payments while you are hospitalized. Up to $160 per day will be paid for each day of eligible hospital confinement in which room and board charges are made. This benefit may be used in any way you choose. The Hospital Daily Cash benefit program is available for member's spouse, domestic partner and children.
Hospital Daily Cash Benefit FAQs
- How much hospital daily cash benefit coverage insurance is recommended?
- Who provides the coverage?
- How much does this coverage cost?
- How do I qualify for the plan?
- When are benefits payable?
- How is in-patient treatment for substance abuse handled?
How much hospital daily cash benefit is recommended?
Hospital daily cash benefit coverage is NOT designed to take the place of comprehensive or major medical coverage. It is designed to help you meet the additional costs that may not be covered by your other insurance. For example, your health insurance may only pay for a semi-private room. You may wish to carry the hospital daily cash benefit to cover the costs of upgrading to a private room. Coverage amounts of $80 and $160 daily benefits for up to 365 days of hospitalization.
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Who provides the coverage?
Principal Life Insurance Company, which is part of the Principal Financial Group, a Fortune 500 company. Principal Life Insurance Company is rated A+ (Superior) by A.M. Best.
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How much does this coverage cost?
Premium rates are based on attained age and benefit option selected. Premium rates appear in the Group Insurance Application. To inquire on individual custom quotes or to receive more information, you can call NASW Assurance Services at 1-800-355-3869, or the plan administrator, Benefit Services, at 1-800-526-0800.
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How do I qualify for the plan?
All members of NASW under age 65 and who have a satisfactory health history are eligible. Also eligible are dependents of members who have a satisfactory health history. Dependents are defined as a member's spouse or domestic partner, provided such spouse or domestic partner is under age 65, and a member's unmarried children between 14 days (subject to release from the hospital following birth) and 25 years of age.
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When are benefits payable?
Benefits are payable upon submission of a claim with evidence of hospitalization (e.g a copy of your hospital bill).
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How is in-patient treatment for substance abuse handled?
Coverage begins on the first day for eligible hospital confinement for substance abuse and continues, while confined for a maximum of twenty-eight (28) days.
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