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Hospital Money Plan Rate Chart

Current Schedule of Benefits And Quarterly Premiums as of 2016

Premiums are based on the member's age on the effective date of coverage and change on the November 1st on or next following a change in age as shown below. See Benefit Reduction Schedule below the rate chart.

When comparing rates, please keep in mind that although not promised or guaranteed, this plan is designed to generate dividends that an insured is asked to donate to support ABE's charitable mission, or members may annually request that dividends be refunded to them. We ask that you donate these dividends to ABE. If you do so, you are eligible for a charitable contribution deduction on your individual tax return. (See Assignment of Dividends for further details.)

Member Quarterly Premium

Member's Age

$500
a Day
Plan*

$400
a Day
Plan*
$300
a Day
Plan*
$200
a Day
Plan*
Under age 40 $112.82 $90.30 $67.73 $45.15
with $1,000 Surgical 119.04 96.52 73.95 51.37
with $2,000 Surgical 125.26 102.74 80.17 57.59
 
Age 40 to 49 169.22 135.40 101.55 67.70
with $1,000 Surgical 178.25 144.43 110.58 76.73
with $2,000 Surgical 187.28 153.46 119.61 85.76
 
Age 50-64 225.62 180.50 135.38 90.25
with $1,000 Surgical 241.44 196.32 151.20 106.07
with $2,000 Surgical 257.26 212.14 167.02 121.89
 
Age 65-69 237.50 190.00 142.50 95.00
with $1,000 Surgical 254.03 206.53 159.03 111.63
with $2,000 Surgical 270.76 223.26 175.76 128.26
 
Age 70 & Over 316.44 253.20 189.90 126.60
with $1,000 Surgical 333.07 269.83 206.53 143.23
with $2,000 Surgical 349.70 286.46 223.16 159.86

Spouse/Domestic Partner (DP) Quarterly Premiums

Member's Age

$500
a Day
Plan*

$400
a Day
Plan*
$300
a Day
Plan*
$200
a Day
Plan*
Under age 40 $150.44 $120.40 $90.30 $60.20
with $1,000 Surgical 158.09 128.05 97.95 67.85
with $2,000 surgical 165.74 135.70 105.60 75.50
 
Age 40 to 49 225.63 180.50 135.38 90.25
with $1,000 Surgical 235.23 190.10 144.98 99.85
with $2,000 surgical 244.83 199.70 154.58 109.45
 
Age 50-64 300.82 240.60 180.45 120.30
with $1,000 Surgical 313.84 253.62 193.47 133.32
with $2,000 surgical 326.86 266.64 206.49 146.34
 
Age 65-69 316.72 253.40 190.05 126.70
with $1,000 Surgical 330.40 267.08 203.73 140.38
with $2,000 surgical 344.08 280.76 217.41 154.06
 
Age 70 & Over 381.80 305.40 229.05 152.70
with $1,000 Surgical 395.48 319.08 242.73 166.38
with $2,000 surgical 409.16 332.76 256.41 180.06
 

Child(ren)'s Schedules

  $500
a Day
Plan
$400
a Day
Plan
$300
a Day
Plan
$200
a Day
Plan
without surgical $169.80 $136.00 $102.00 $68.00
with $1,000 surgical 177.69 143.89 109.89 75.89
with $2,000 surgical 185.58 151.78 117.78 83.78

*BENEFIT REDUCTION SCHEDULE: Member and spouse/DP daily benefits reduce at member age 65 from $500/day to $313/day, from $400/day to $250/day, from $300/day to $188/day and from $200/day to $125/day. Premiums do not reduce.

Premiums are based on member's age on the effective date of coverage, and increase on the November 1st on or next following a change in age, as shown.

Please contact ABE for all available benefit levels.

Premiums may vary due to rounding when billed

Spouse/DP's rates are based on member's age; spouse/DP's and child(ren) benefit cannot exceed 100% of member's benefit.

One payment each due date insures ALL eligible dependent children, regardless of the number.

New York Life Insurance Company reserves the right to change rates on any November 1st, and on any date on which benefits are changed. However, your rates may change only if they are changed for all others in the same class of insureds under this group policy. For example, a class of insureds is a group of people with all the same issue age and gender.

Benefits provided depend on the daily amount selected and the premium will vary with the amount of benefits. Benefit options are not guaranteed and are subject to change by agreement between New York Life Insurance Company and ABE.

Underwritten by New York Life Insurance Company, 51 Madison Avenue, New York, NY 10010 under Group Policy G-11459-0 on Policy Form GMR/FACE-G-11459-0

We will be happy to answer your questions. Just call 800-621-8981 or email us at information@abendowment.org

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