Close Close

Life Health > Health Insurance

UnumProvident Unit Holds Hospital Indemnity Sale

Your article was successfully shared with the contacts you provided.

Colonial Supplemental Insurance is encouraging employers to offer group hospital confinement indemnity insurance by easing underwriting rules.[@@]

Colonial, Columbia, S.C., a unit of UnumProvident Corp., Chattanooga, Tenn., says it will reduce the participation requirement to 15 employees or 15% of employees, whichever is greater.

Colonial will waive preexisting condition requirements for employers that pay 100% of the premium for single-employee coverage for all eligible employees.

The product is available for sale in 45 states.