The Hospital Income Insurance can provide excellent supplemental protection when combined with your basic health insurance coverage. It can provide you with extra pocket money that you can use toward any expenses you want. You can even place it in your savings for when you might need it in the future. Or, use it to help pay your hospital, physician or therapy costs ... the choice is completely up to you!
This insurance lets you select a daily benefit amount of $100, $200, $300, $400 or $500 for each day of a covered hospitalization. You will receive these benefit checks directly (unless you specify otherwise). You can collect as much as $365,000 per year in cash benefits.
When do benefits begin?
Your benefits begin on the first day of a covered confinement in a hospital or skilled nursing facility and last up to 365 days maximum for a single confinement.
Note: Successive periods of covered stays must be separated by 180 days or more during which the covered person is not confined in a hospital or skilled nursing facility as a results of the same or related injury or sickness. Covered stays separated by less than 180 days as a result of such injury or sickness are considered a continuation of the previous covered stay for the purposes of determining any maximums.
Who is eligible?
As long as you are an active ASME member, under age 80, residing in the U.S. you are eligible to apply for this coverage and not insured under any other Hospital Indemity group policy. Your lawful spouse or domestic partner under age 80, and your unmarried dependent children under age 26 are also eligible.
Note: If both parents are insured as members, only one parent may request coverage for eligible dependents.
Are pre-existing conditions covered?
When does coverage end?
How do I pay my premiums?
Who is this policy underwritten by?
This policy is underwritten by New York Life Insurance Company, 51 Madison Avenue, New York, NY 10010, under Group Policy No. G-30990-0, on Policy Form GMR-FACE/G-30990-0.
30 Day Free Look
You will have 30 days to look over your Certificate of insurance. If for any reason you are not 100% satisfied you may return your Certificate, without claim, within 30 days of your effective date and you will be provided a full and complete refund of any premiums paid. Your coverage will then be invalidated.
The ASME insurance trust incurs costs in connection with this policy. To provide and maintain this valuable membership benefit, it is reimbursed for these costs. ASME also receives a fee for the license of its name and logo for use in connection with this policy.
We're here to help! Please contact us in whatever manner is most convenient for you.
ASME Insurance Program Administrator
AMBA Administrators, Inc.
4050 NW 114th Street
Urbandale, Iowa 50322
M-F 7:30am-6pm CT
Application Mailing Address
PO Box 14533
Des Moines, IA 50306
Payment Mailing Address
PO Box 77115
Minneapolis, MN 55480