Eastbridge releases updated report on voluntary hospital indemnity/supplemental medical market and products

AVON, CONNECTICUT, USA (January 16, 2020)

Amidst significant regulatory and market changes, voluntary hospital indemnity and supplemental medical products have continued to evolve to meet the needs of today’s employers and employees — filling gaps left by major medical coverage and providing a way to offset other out-of-pocket costs associated with increasingly popular high-deductible health plans and health savings accounts. 

The 2019 Voluntary Hospital Indemnity and Supplemental Medical Products Spotlight™ Report examines the current voluntary hospital indemnity and supplemental medical products of leading carriers in the market. Specifically, the report looks at:

• Market results and trends
• Product structure and benefits paid
• Product differentiation and positioning
• Underwriting guidelines
• Rates and commissions
• Claims
• Sales results, challenges and future trends

With this data, carriers can evaluate their own products and strategies to determine if changes are needed to make their offering more competitive.

Eastbridge Consulting Group, Inc. is a marketing advisory firm serving insurance and financial services organizations in the United States and Canada.