Hospital Indemnity plan pays observation unit benefit even when the patient is sent home
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.
* This is an example used for illustrative purposes only.
Go All In with Medico’s agent incentive program
You can earn extra cash for all products with Medico’s incentive program. Just write a minimum of 4 approved applications of any product combination within the same calendar month. There’s no limit to the amount of cash you can earn when you go All IN with Medico.
See just how easy it can be to earn $500 in extra cash each month. For example:
- 4 approved underwritten Medicare Supplement applications = $400 *
- 4 approved Dental, Hospital Indemnity, First Diagnosis Cancer, Short-Term Recovery Care, and Final Expense applications = $100
Earn a total of $500 or more in extra cash each month
* Medicare supplement policies sold in Colorado, South Carolina, and Indiana are not eligible for the monthly payout.
Webinar: Dental insurance opportunity
Whenever you talk to your clients about their health insurance plans, be sure to include a discussion about dental insurance. Many seniors don’t know that Medicare doesn’t cover most dental care, dental procedures, or supplies, like cleanings, fillings, tooth extractions, dentures, dental plates, or other dental devices. That means they may need to enroll in dental coverage to avoid the problems that can arise from neglected dental health, including gum infections, dental decay, and chronic pain.
Join us to learn about Medico Dental plans designed with your client’s needs and budget in mind. This webinar will also discuss how quickly you can create a custom dental agent sales site that allows your clients to easily obtain dental insurance quotes and enroll in coverage. Of course, you receive compensation for the sale!
Thursday, September 13 from 2:00 to 3:00 p.m. Central Time
|CLICK HERE TO REGISTER|
View Full Blog