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Puzzled about Hospital Indemnity Plans? Let us show you how the pieces fit together!
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Some of our main benefits may include:
Optional benefits* are available at an additional cost and may include:
Learn more about Medico's Hospital Indemnity Insurance:
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Help fill the gaps where Medicare Advantage leaves off!
Don't leave money on the table this AEP!... and save your clients thousands with Heartland's new Hospital Indemnity Plan! Informing your clients of the benefits of having a hospital indemnity plan could save them thousands of dollars in out-of-pocket medical expenses that their Medicare Advantage plans does not cover. GREAT BENEFITS FOR YOUR CLIENTS:
Customize the plan with additional riders**:
Available in 30 states! Additional states coming soon
Not appointed with Heartland National. Request details here |
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Heartland National Hospital Indemnity Plans
Ask any successful Medicare Advantage producer what he is most likely to cross sell with every MA plan sold and you’ll hear… Hospital Indemnity. While medical insurance is good to have, it still leaves gaps in coverage that a policyholder is responsible for. A Hospital Indemnity plan will help bridge the gaps left open from a Medicare Advantage Plan, by providing a direct cash benefit to the policyholder. Most Medicare Advantage Plans don't cover the first 4 to 7 days of a hospitalization. Per the American Hospital Association (AHA) Hospital Statistics, the average hospital stay cots $8,793, with the average length for adults age 65+ being 5.5 days, according to the National Center for Health Statistics. For many people that kind of out of pocket cost is not easy to come by. A Hospital Indemnity plan can ease that burden and make for a very affordable alternative to help your clients cover these unexpected costs. While there are quite a few Hospital Indemnity products available, the Secure Advantage Flex product from Heartland National has some unique features not readily available through other product options. Unlike many Hospital Indemnity products, the Secure Advantage Flex product from Heartland National offers Guaranteed Issue for ages 64 1/2 to 65 1/2, meaning you get 100% placement on your business for these applicants. Additionally it offers a 7% Household Discount for qualified applicants to help keep premiums more affordable. Another key feature offered in this product is an Observation Unit Benefit paying a cash benefit for each day spent within an Observation Unit. Moving inpatients to an Observation Unit is becoming a more common practice within hospitals today, and many Hospital Indemnity products do not offer this benefit leaving your client open to unexpected costs. While the Observation Unit Benefit, along with Daily Inpatient Hospital Benefit and Emergency Room Benefit is a standard inclusion for this product, it lives up to its name of Secure Advantage Flex by giving you additional optional benefits to truly tailor the product to your clients’ needs. These optional benefits and riders include:
Finally in an effort to make doing business with Heartland National easy, they offer a simple to use electronic application or straight telesales application which can both be used to help complete sales remotely and quickly. However, you old-timers shouldn’t fear, they still have a paper app for use, if you prefer. Combine all of this with competitive rates and a handsome commission including lifetime renewals, and it truly makes an outstanding addition to your senior market portfolio. Not appointed with Heartland National? I encourage you to learn more and put this in-demand product in your portfolio, request details here |
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Tags: Hospital Indemnity, product spotlight, Heartland National
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Medico Hospital Indemnity Plans
It's not uncommon for hospitals to admit patients to an observation unit when physicians can't determine whether admission is necessary. In the majority of cases, a patient will stay in observation for between 24 and 48 hours. The following is an example of how this might work. Susan*, a Minnesota resident, went to the emergency room with abdominal pain. The doctor who examined her decided not to admit her as an inpatient and kept her in the observation unit instead, where she was monitored by the hospital's nursing staff. After 48 hours, she was discharged to go home. If Susan has a Hospital Indemnity plan, the observation unit benefit will pay benefits even though Susan was discharged rather than being admitted to the hospital. The observation unit benefit of this policy pays 100% of the hospital confinement indemnity benefit amount for up to six days each calendar year. If Susan's hospital confinement benefit amount is $250 per day, her policy will pay the same amount for her observation unit services, or $500. These benefits are, of course, in addition to any benefit payments she receives from major medical insurance, Medicare or a Medicare Supplement plan. If Susan has a similar incident later this year, she will still have four days of observation unit benefits available to her. Talk to your clients today about Medico's Hospital Indemnity plan. Marketing materials available on MIC, our agent website, include brochures, a product flyer, a postcard, and a customer presentation. |
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Tags: medico insurance, Hospital Indemnity, product spotlight
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Great AEP Opportunity The Annual Enrollment Period is underway and now is a great time to make sure you making the best of the opportunity. During the AEP many successful agents double and even triple their income by offering ancillary products. Don't miss the opportunity to help secure your clients with the best coverage while growing your revenue at the same time. Below are some of the ancillary products that we recommend you consider when speaking with your clients this AEP. If you need assistance with sales ideas and product positioning, give us a call and one of our experienced representatives will provide you with some great ideas. Hospital indemnity Plans Provides your clients a plan that helps cover the gaps that Medicare Advantage leaves behind. These plans are designed to help alleviate out of pocket expenses associated with health plan gaps. This is a great add-on sale and can be presented with a Medicare Advantage plan if the scope of appointment is completed properly. Dental, Vision & Hearing Plans We understanding that your clients teeth, eyesight and hearing are a big part of their quality of life. Problems can be painful, inconvenient and expensive. DVH is an affordable way to help pay for these expenses. Issue ages are 18-89 so it’s a great “add-on” policy to an existing medical or Med Supp policy. We wish you continued success this AEP. Our staff is available if we can be of assistance. |
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Tags: dental hearing and vision insurance, Hospital Indemnity, Sales Tips, Medicare Advantage, Medicare Supplement, cancer insurance, AEP
Introducing Hospital Indemnity plans designed specifically for Medicare Advantage members that cover Primary Care Doctor Visits, Inpatient Hospital Co-pays or Co-insurance, and much more. The average hospital stay for someone age 65 and over is 5.5 days. Would your average Medicare Advantage client be able to readily cover a $250 per day as a co-payment for days 1-5, totaling $1250?
The Centers of Medicare and Medicaid Services (CMS) have said that a Hospital Indemnity Plan can be marketed and sold during a Medicare Advantage appointment as long as it was agreed on the Scope of Appointment form. You can also go back to your current clients with Medicare Advantage and do a basic Needs Analysis to see how the Hospital Indemnity Plan will benefit them and limit their out of pocket costs. Article you may want to take into consideration for future product offering strategies |
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Tags: Hospital Indemnity, Sales Tips, Senior Market, Cigna Medicare Supplement