Hospital Indemnity Plans (HIPs) are a great add-on for individuals with Medicare Advantage (MA) plans. The Lasso Plus HIP supplemental plan can help pay hospitalization-related expenses, particularly those incurred prior to reaching the MSA deductible, in the member responsibility space.
Hospital stays can be expensive, and can quickly extend beyond your client's budget. Combined with the Lasso Healthcare MSA, Lasso's HIP provides additional financial coverage of the MSA's member responsibility amount.
The cash benefit is paid directly to the beneficiary, and they decide how to use the money. There's no deductible to meet with the HIP plan, and there's no network of providers. This product was designed to dovetail perfectly with the Lasso Healthcare MSA.