Hospital Indemnity Insurance

Hospital Indemnity Insurance  


If you become injured or ill and are hospitalized, you can feel confident that your health insurance will pay the majority of the bill. But your insurance — as with all health plans — still requires you to pay a deductible, as well as a share of the covered costs. And you still have everyday bills to pay!

With Hospital Indemnity Insurance, you receive cash benefits to help offset the hospital bill, take care of day-to-day expenses or pay for anything you need. Benefits include:

  • Pays a $100/day benefit per hospital stay and is paid in addition to your medical insurance.
  • Pays a $100/day benefit for intensive care confinement that pays in addition to the daily hospital confinement benefit.
  • Pays a $1500/year benefit when the insured is confined to a hospital lasting a minimum of 24 continuous hours from time of admission.
  • Flexibility to use the benefit to address out-of-pocket-expenses like transportation and meals for family members, help with child care or time away from work.
  • Employee group rate: You pay $8.92/per month – for employee only coverage.
  • Eligible spouse and children can be insured, too.
  • Guaranteed acceptance with no medical exam.


Monthly Rates



and Spouse/Domestic Partner

and Child(ren)







The illustrated rates DO NOT contain a pre-existing condition limitation.


For additional details, please refer to the 2023 Plan Summary.


Add hospital indemnity coverage to help offset costs that may not be covered under your existing medical plan.

Note:  Outside of the new hire enrollment period, enrollment is limited to Stryker's annual enrollment period or within 30 days of a qualifying life event.



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Answers about the plan, including eligibility, options, enrollment, customer service and more.

  • Who is the provider?

    Transamerica Life Insurance Company


    This is a brief summary of Hospital Select® II, Limited Group Hospital Indemnity Insurance underwritten by Transamerica Life Insurance Company, Cedar Rapids, Iowa. Policy Form Series CPGHI400 AND CCGHI400. Forms and form numbers may vary. Limitations and exclusions apply. Refer to the policy and riders for complete details.

  • How can this help me?

    Hospital Indemnity Insurance pays a daily benefit if you have a covered stay in a hospital, critical care unit or rehabilitation facility. The benefit amount is determined based on the type of facility and the number of days you stay. Hospital Indemnity Insurance is a limited benefit policy. It is not health insurance and does not satisfy the requirement of minimum essential coverage under the Affordable Care Act.

    Below are a few examples of how your Hospital Indemnity Insurance benefit could be used (benefit amounts may vary):

    • Medical expenses
    • Travel, food and lodging expenses for family members
    • Child care
    • Everyday expenses like utilities and groceries
  • Who is eligible?

    All regular employees working 20 hours or more per week and eligible family members.


    Eligible family members are defined in the Participating in Healthcare Benefits section of our Summary Plan Description.

  • When can I enroll?

    As a new hire, you can enroll for guaranteed issue coverage during your new hire enrollment period. Outside of the new hire enrollment period, you can enroll for guaranteed issue coverage during Stryker’s annual enrollment period or within 30 days of a qualifying life event.
  • What if my employment status changes?

    When you leave or retire from Stryker, you can continue your insurance without interruption, subject to applicable law and the policies' terms and conditions. Although payroll deduction will no longer be available if you retire or leave Stryker, you can opt for other payment methods such as direct checking or bank account deduction, credit card billing or home billing. Higher rates may apply.


    Upon receiving notice of an employee's termination status from Stryker, Transamerica will generate a portability letter that will outline options to continue coverage and pay premiums directly to Transamerica.

  • Will my rates increase as I get older or if I file a claim?

    No, your rates will not increase due to age, health or individual claims.
  • Is there anything the plan will not pay benefits for?

    For limitations and exclusions, please refer to the 2023 Plan Summary.

These form(s) are in Adobe Acrobat Reader (PDF) format and are available for downloading and printing.


Plan Overview
Hospital Indemnity Certificate

Mercer’s Role and Compensation

Details of Mercer disclosure of the compensation.