- Hospital Confinement plans- available in all states except AK, CT, HI, ME
- Recovery Care Choice Plans available in these states: AL,GA, NC, OH, SC, TX,
Many consumers enrolled Marketplace, Medicare Advantage and Short-Term Medical plans face large copays or coinsurance bills when hospitalized, have outpatient surgery or if they are moved to a rehab center or skilled nursing care facility. This year we have seen the introduction of many policies that will help pay for those out of pocket expenses for individuals and families.
- Some plans are customizable – for example a Hospital Confinement plan covers $500 in a daily hospital reimbursement for 15 days, pays you $200 for ambulance transport, has a lump sum cancer rider that pays $5000 upon diagnosis, provides $250 for outpatient surgical procedures and has a rehab benefit for 15 days. For a 55 year old female, the policy is $20.50 per month! Increase the hospital benefit to $1000 and the cost is now $24.41 a month. Change that Hospital confinement plan to cover a 65 year old female and the monthly premium is $23.10 with the $500 hospital benefit, and the $1000 benefit would be $29.03 These plans are VERY affordable and as indemnity plans, they will put money back in your pocket to pay towards many common health scenarios that you may otherwise have out of pockets costs to cover.
- Recovery Care plans are a newer plan offered to help with the rising costs of home care, ambulance, adult day care, home modifications, mental health, bed reservation benefits, RX medications and Excess Part B charges and even pet boarding. These are considered Short Term Care plans and can cover ages 40-89. Benefits are paid directly to you as the member and are non-taxable.
If you have any questions on any of these options, please contact our office and we’ll have a licensed agent who specializes in those coverages assist you. Be aware and don’t fall prey to those that would also charge additional fees for these benefits.