The Medico Hospital Indemnity Insurance plan is an excellent pairing for your Medicare Advantage clients.
The hospital confinement benefit pays for each day of confinement in a hospital. Your client can choose the number of days per period of confinement (6,7, 8, 9, 10, 21 or 31 days) and the amount per day (from $100 - $600 in $25 increments).
Observation Unit Benefit:
Pays 100% of the Hospital Confinement Benefit amount per day for a maximum of six days per calendar year while receiving services in a hospital observation unit as a result of a covered loss due to sickness or injury.
Emergency Room Benefit:
Pays $150 per day while receiving services in a hospital emergency room as a result of a covered loss due to an injury if admitted to a hospital within 24 hours. Maximum four days per calendar year.
Transportation and Lodging:
Pays $100 per day for a maximum of 10 days per calendar year to cover expenses incurred for transportation or lodging while receiving treatment in a hospital or medical facility located more than 50 miles from the insured’s residence.
Inpatient Mental Health Benefit:
Pays $175 per day of confinement in a hospital due to a covered mental or nervous disorder for a maximum of seven days per calendar year.
The Medico Hospital Indemnity plan is available in all states except DE, ID, MD, ME, ND, NM, RI, and SD.
Clients with Medicare Advantage are excellent candidates for a HIP plan. Learn more about how to make the sale here: How to Make a Sale to a Medicare Advantage Client: Hospital Indemnity Plans
Plus, learn how to use our quote engine, which has a neat pairing feature for MA and HIP: