Medicare Advantage and Medicare Supplement policyholders - even those who have no coverage other than Original Medicare - often need additional funds to cover costs incurred during hospitals stays. Hospital Indemnity Plans pay direct to the policyholder regardless of other coverages to help with those expenses, whether they are of a medical nature or not. |
These HIP plans are easy to sell, with coverage amounts often set to mirror hospital copays in Medicare Advantage plans, and are relatively inexpensive to purchase. For agents, contracting is easy and requires no certification. They create an additional revenue stream for your agency, and aid in improving persistency and retention. |