Medicare Advantage & Hospital Indemnity Plans
Meet Beth!
She’s 65 and currently has a Medicare Advantage plan. Though her plan covers many of her needed costs like prescription drug coverage and vision and hearing benefits, she is still left with out-of-pocket costs like copays, deductibles and much more that aren’t covered in her current plan.
Luckily, with Guarantee Life Trust, additional hospital indemnity plans are available to help pay for these OOP costs including:
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Ambulance trips
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Skilled nursing
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Cancer
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Mental health
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Outpatient therapy
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Outpatient surgical
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Critical accidents
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ER visits
Here’s an example scenario to show you the impact of hospital indemnity insurance.
Beth’s usual daily hospitalization copay with her Medicare Advantage plan is $300 for 6 days in the hospital. Her new policy with GTL provided a restorable 6-day benefit period of $300 per day for less than $5 per day. A few months later, when Beth was hospitalized for a stay of 6 days, her plan kicked in in just a few hours and she received $1,800 from GTL from her hospitalization. That amount will completely cover her copay from her hospital stay and will leave Beth worry-free as she makes her recovery!
No one should have to worry about covering out-of-pocket medical expenses. PlanWell Insurance Partners is happy to partner with GTL to offer our customers hospital indemnity plans. Reach out today to learn more or give us a call.
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