Supplemental health

Coverage for life’s twists and turns

Beam offers simplified group coverage to ease the financial burden of an accident or hospital stay through our supplemental health plans.

What to expect

Our supplemental health plans pay directly to the member and help ease the financial impact of an accident or hospital stay—regardless of other medical coverage.

Accident plans provide a simple, lump sum payout in the event of accidental injury.

Hospital indemnity plans pay out a set per diem amount to offset the cost of an inpatient stay.

Coverage can help cover deductibles, copays, travel, child care, and other expenses.

Plan features

Employer- and employee-paid plan options

Flexible plan options to meet the coverage needs of specific groups

Direct, lump sum member payments

Plans pay out directly to the member when they need it most

No benefit payment schedule for accident plans

Many carriers pay only a portion of the benefit based on accident type, but our plans pay up to the maximum benefit

Standard plan options

Accident plans

Select

Plan pays:

$1,500 per covered person.

Eligible Employee (EE)
only $1,500.
EE+1 $3,000.
EE+Family $4,500.

Ultra

Plan pays:

$3,000 per covered person.

Eligible Employee (EE)
only $3,000.
EE+1 $6,000.
EE+Family $9,000.

Hospital indemnity plans

Select

Per diem payment for each covered person:

Inpatient stay: $200

ICU stay: $400

Ultra

Per diem payment for each covered person:

Inpatient stay: $500

ICU stay: $1,000

Coverage for real life

These examples illustrate how employers and their teams benefit from Beam’s supplemental health plans.

Member

Member accident

Nic is a Beam member who opted into an employee-paid accident plan. Nic’s son, a dependent of the plan, was injured during a high school soccer match. His injury required a trip to an urgent care clinic, where he received an x-ray and stitches.

A few days later, Nic received a bill stating that the total out-of-pocket cost of the visit is $950.

Because Nic’s son is covered by Beam’s standard select accident plan that pays out up to a maximum of $1,500, the out-of-pocket cost of care will be fully covered. Nic will submit the expense to Beam and receive a lump sum of $950 to cover the full medical costs associated with the injury.

Member

Member hospital stay

Dora has employer-paid hospital indemnity coverage through Beam. She is experiencing a high-risk pregnancy. After giving birth to her baby, she must remain under care at the hospital for six days to ensure a healthy recovery.

Because her employer offers the ultra plan option, Dora receives up to $500 per day, totaling $3,000, for her six-day hospital stay. She submits the expenses not covered by her health insurance to Beam, and her plan pays the benefit directly to her—not to the hospital—so she is able to offset the costs in a way that works for her family.

Dora uses her hospital indemnity benefit to cover the cost of her high health insurance deductible, and she uses the remaining funds toward the cost of child care for her older children during her hospitalization.

Member

Member accident and hospitalization

Beam member, Jo, has both accident and hospital indemnity coverage through their employer-paid Beam benefits package.

On their way home from running errands one evening, Jo is involved in a car accident. At the hospital, it’s determined that Jo has suffered significant injuries that will require surgery and inpatient care. Jo remains in the hospital for six days, including two days in the ICU.

Because Jo has both accident and hospital indemnity coverage, they are eligible to receive financial support through both plans to cover costs associated with this injury.

Ultra accident plan benefit

$3,000 max lump sum payment

Ultra hospital indemnity benefit

2 days in ICU

$2,000 ($1000 max per day)

4 days in inpatient care

$2,000 ($500 max per day)

Total member payout for this incident: $7,000

Hospital stays can be quite expensive, even with health insurance. Jo submits the expenses they’ve incurred during this hospitalization to Beam and receives the maximum lump sum payments to help ease the cost of care. Jo’s health insurance plan has a high deductible, so they use their supplemental health benefits to meet it. Jo uses the remaining funds to offset the cost of transportation and child care accrued during the accident and hospital stay.

Employer

Easing the unexpected for employees

Michelle realized her lifelong dream of opening an independent movie theater. It’s a small business with just a few employees and thin margins, so she has to keep her costs low.

Michelle provides a high deductible medical plan to her employees, but she knows that medical costs could still be very expensive for them. After doing a little research, she realized that adding an employer-paid supplemental health option to her benefits package is an affordable way to help her employees cover high medical costs associated with accidents or hospital stays.

Through Beam, Michelle was able to purchase the select accident and hospital indemnity plans for a low monthly premium. Each employee is eligible for a direct lump sum payout in the event of non-workplace accident or hospital stay in order to offset the financial impact of a high deductible medical plan. She can be confident that her employees and her budget are protected.