Medico / Wellabe Hospital Indemnity Insurance
Medico Hospital Indemnity plans are insurance policies designed to provide financial protection in the event of a hospital stay or related medical expenses.
Medico Hospital Indemnity plans typically act as supplemental coverage to help policyholders manage the out-of-pocket costs associated with hospital stays. While they don't replace traditional health insurance plans, they provide additional financial support by offering lump-sum benefits for covered hospitalizations. These benefits can be used to cover various expenses, including hospital deductibles, copayments, transportation costs, and more.
Medico often offers flexibility in its Hospital Indemnity plans, allowing policyholders to choose from various benefit levels and options to align with their healthcare needs and budget. This flexibility enables individuals and families to tailor their coverage to their specific circumstances, ensuring they have the financial support they need when faced with a hospitalization.
A notable feature of Medico's Hospital Indemnity plans is that they generally don't have network restrictions. This means that policyholders can receive benefits regardless of the hospital or healthcare provider they choose, providing a level of freedom and convenience in accessing care.
Medico's Hospital Indemnity plans offer financial peace of mind during hospitalizations by providing lump-sum payments to help offset the costs associated with medical care. It's essential for individuals considering these plans to review the specific details, coverage limits, and terms of Medico's offerings to ensure that the plan aligns with their healthcare needs and financial goals. Consulting with a licensed insurance advisor can also assist in selecting the most suitable Hospital Indemnity plan from Medico based on individual requirements.
About Medico / Wellabe
Wellabe was founded by Watson Powell in 1929 as American Republic Insurance Company. From the beginning with 200 charter policies, our company was dedicated to providing personal insurance services at an affordable price.
Through sound fiscal responsibility, our young company survived the Great Depression, which came just six months later. By 1945, our company moved beyond our Iowa borders to do business in a second state, Minnesota, rapidly followed by more states. And today, Wellabe’s six insurance companies are licensed in 49 states and the District of Columbia and are recognized by AM Best as having excellent financial strength.
Mr. Powell’s vision was to create a company founded on the principal of caring. While we have seen tremendous growth over the years, that same caring attitude has carried on to today and will continue to carry on for the next 100 years as we unify under our new brand, Wellabe.
We are in a people helping people business, and our entire team is dedicated to always being here for our customers. That’s actually where the name Wellabe comes from – the phrase “we’ll always be.” We’ll always be here for our customers, fulfilling our promises and helping them be well. Even 90-plus years later, we are still caring for our customers, pushing boundaries, embracing growth, and transforming our organization.