Helping You Reduce Out of Pocket Costs with Medicare Advantage Plans
Even with a strong Medicare Advantage plan, you may still face copays, deductibles, and other out of pocket expenses for hospital stays, ambulance rides, and more. Hospital indemnity coverage can provide cash benefits paid directly to you so you can focus on your recovery, not unexpected medical bills.
If you're hospitalized, this type of coverage pays you a daily cash benefit for each day you're confined, regardless of any other insurance you may have. The money can be used however you choose, to cover medical bills, household expenses, or anything else you need during recovery.
Example: Beth has a Medicare Advantage plan with a $300 per day hospital copay for the first 6 days. When she was hospitalized for 6 days, her hospital indemnity coverage paid her $300 per day, a total of $1,800, covering her entire copay.
Key Benefits of Hospital Indemnity Plans
Daily Cash Benefits for Hospital Stays even short stays may be eligible
Observation Stay Coverage pays even if you're not formally admitted
Emergency Room Benefits payable whether or not you're admitted
Mental Health Support benefits for inpatient mental health care
Benefit Restoration benefits may reset after a period without hospitalization
Simple Enrollment no medical exam, just a few straightforward questions
Locked in Rates premiums won’t increase with age
Quick Approval many policies are approved in minutes
Customize Your Plan with Optional Benefits
You may be able to enhance your policy with optional riders such as:
Ambulance Coverage cash benefits for ground or air ambulance services
Cancer Diagnosis Benefit lump sum payment upon diagnosis
Skilled Nursing Care daily cash benefits for extended recovery support
Outpatient Therapy benefits for physical, occupational, or speech therapy
Dental & Vision helps cover routine exams and treatments
Critical Accident Coverage lump sum for accidental injuries
Outpatient Surgical Benefits pays a set amount for certain surgeries
Wellness & Benefit Increase Option annual wellness benefit and the opportunity to increase your hospital benefit without reapplying
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Who Is It For?
Individuals typically aged 40 to 85 (eligibility may vary by state)
Especially beneficial for those with Medicare Advantage plans who want additional financial protection from out of pocket hospital costs
Important Note
This is a limited benefit insurance policy. Coverage availability, benefits, and optional add ons may vary by state. This policy is not affiliated with or endorsed by the U.S. Government or Medicare. Be sure to review all plan details and disclosures before enrolling.
