American Income Life: Hospital Benefits (Accident)

 

For fillable Forms and training materials visit this link
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Relevant Background: The Emergency room benefit pays for any kind of injury (check-up, treatment and physical examination within 72 hours) while the daily hospital benefit (covered up to 365 days) pays for overnight stays at the hospital for treatment. The Emergency room benefit is a lump sum payment (direct cash payment) to the policy holder not the medical provider. The daily hospital benefit is a fixed cash benefit for each day of hospital stay up to a maximum of 365 days. The policyowner receives a set amount of money each day he or she is hospitalized regardless of the actual expenses. 
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Relevant Material: "

Key findings

  • In 2023–2024, there were 283,000 acute inpatient hospitalizations due to injury in Canada, up from 272,000 in 2022–2023.
  • Approximately 13% of the estimated 15 million visits to emergency departments across Canada each year are due to injuries.
  • Falls and motor vehicle collisions remain the leading causes of injury-related hospitalizations and emergency department visits in Canada.
  • Overall, injury-related hospitalizations increased across all age groups for males and females between 2022–2023 and 2023–2024. The largest volume increase was among people age 65 to 84 — they had a 4.8% increase (from 9,600 acute inpatient hospitalizations in 2022–2023) driven by injuries related to falls.
  • Hospitalizations for sport-related brain injuries rose from 1,600 to 1,700 between 2022–2023 and 2023–2024. Concussions accounted for 30% of sport-related brain injury hospitalizations...." (Injury and trauma emergency department and hospitalization statistics | CIHI)
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Relevant Material: "This report presents both unintentional and intentional injuries in Ontario. Key findings of this report are: • Injuries cost Ontario $12.2 billion in 2019 • 8,258 deaths • 101,894 hospitalizations • 1,480,585 emergency department visits • 22,621 short-term and long-term disabilities • $7.6 billion in direct health care costs • $4.6 billion in indirect costs or productivity losses • $65.4 billion in the value of statistical life In the 2015 Cost of Injury Report in Canada, it was estimated that injuries cost Ontario $8.8 billion and 5,785 lives in 2010. Further, injury resulted in over 1.3 million emergency department visits, over 70,000 hospitalizations, and left over 20,000 people in Ontario with total disability. Given the data presented in this report, the absolute cost of injury has increased 30% in less than a decade. The per capita cost of injury in 2010 was $667, rising to $838 in 2019..." (The Cost of Injury in Ontario)
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