Hospital Indemnity Insurance helps protect you from costs Medicare Insurance does not cover
Most Medicare plans have deductibles, copays or coinsurance that you need to pay out-of-pocket in the event of a hospital stay. As an example, if you have Original Medicare you’ll have to pay $1,340 (your Part A deductible) out-of-pocket before your plan will begin to pay for covered hospital services. And that’s only if you’re admitted.
It’s becoming more common that Medicare beneficiaries are entering hospitals as observation patients, which isn’t covered by Part A of Original Medicare. In fact, in the span of 8 years, the number has doubled to nearly 1.9 million beneficiaries. That means you can’t count this time in observation towards the three-day inpatient hospital stay needed for Medicare to cover your skilled nursing facility stay.
A Hospital Indemnity insurance plan can provide help to offset costs not covered by your insurance plan if you are hospitalized. These costs can include deductibles, co-pays, and other unexpected or additional expenses. Benefits are paid directly to you, or a medical provider that you designate, and are paid in addition to any other health care coverage.
Some of the advantages of Aetna’s Hospital Indemnity plans are:
A Hospital Indemnity Plan gives you protection
You have two main choices for a Hospital Indemnity plan. One will pay you a lump sum if you’re confined in a hospital (Hospital Admission Indemnity). The number of days you’re in the hospital doesn’t change the total amount you’ll be paid. The other choice will pay you a set amount for each day that you’re confined in the hospital (Daily Hospital Indemnity). Both will pay you for either for either an observation or inpatient stay.
You’ll want to decide which type of Hospital Indemnity plan and
Your dedicated, licensed HealthSpire TeleAgent can listen to your needs and help you make the right choice
At HealthSpire, our mission is to help simplify Medicare coverage and help you find the right plan for you.
When you call us, we assign you a dedicated TeleAgent who will listen to you, then make recommendations from the wide array of plans we offer from a range of insurance carriers.
And once you decide the right fit for you, our team is here to walk you step-by-step through the enrollment process and support you once you’re ready to use your coverage.
To get assigned a dedicated, licensed