by Nicola Godman | Dec 15, 2023 |
In this webinar, we will explore why hospital indemnity insurance can be a valuable addition to Medicare Advantage plans. Medicare Advantage plans offer comprehensive coverage, but they often come with cost-sharing requirements, such as deductibles, copayments, and coinsurance.
Hospital indemnity insurance can help fill these gaps in coverage by providing a lump-sum payment for each day a patient is hospitalized, which can be used to offset these out-of-pocket costs.
We will discuss the key benefits of hospital indemnity insurance, including how it can help Medicare Advantage beneficiaries reduce their financial burden in the event of an unexpected hospitalization. We will also cover how hospital indemnity insurance works, what types of expenses it covers, and how it can be tailored to fit individual needs.
Join us to learn more about how hospital indemnity insurance can provide peace of mind and financial security for Medicare Advantage beneficiaries.
Sign up now. Space is limited to the first 100.
by pfsinsurance | Oct 3, 2023 | Agent Incentives |
UNL’s BIGGEST 4TH QUARTER BONUS PROGRAM IS HERE!
United National Left’sÂ
4th Quarter Bonus program
For qualified Shield Series Products: Short-Term Home Health Care Shield, Hospital Indemnity Shield, Guaranteed Issue Hospital Indemnity Shield, Caregiver Shield, Dental/Vision Shield, Dental Shield 2.0, Cancer and Cancer Shield 2.0 applications submitted between October 1, 2023 and December 31, 2023.*
Submit 5-10 Applications During Q4
$50
per application
Submit 44-25 Applications During Q4
$75
per application
Submit 26+ Applications During Q4
$100
per application
Example of How it Works: You Submit 26 Qualified Applications in Q4 and you Receive $2,600! Once you cross a higher threshold, the bonus retroactively applies to all previous qualified submitted applications!
Contact a Pinnacle Representative if you have any questions.
1 (800) 772-6881
support@pfsinsurance.com
by Cody Johnson | Jan 3, 2023 | Blog, Medicare |
Cross Selling Hospital Indemnity Plans
The art of cross-selling is something that can be learned and can turn an average Medicare Advantage producer into a highly successful one. Ask any successful Medicare Advantage agent what they are most likely to cross-sell with every Medicare Advantage plan and you’ll likely hear the same response… Hospital Indemnity.
Medicare is definitely important for a senior to have but it may still leave gaps in coverage that a policyholder is responsible for. Most Medicare Advantage plans don’t start covering hospitalization until the 6th or 7th day of an inpatient stay. An average hospital stay can cost over $10,000 dollars which can be devastating for any senior.
Hospital indemnity insurance is a type of insurance that provides coverage for the costs associated with a hospital stay and typically pays directly to the policyholder. It is typically sold as a supplement to a person’s Medicare Advantage plan, which may not cover all of the costs associated with a hospital stay.
If you are considering selling hospital indemnity insurance, it is important to understand the product and be able to explain its benefits to potential customers. Some of the key benefits of hospital indemnity insurance include:
- Coverage for costs that may not be covered by a person’s Medicare: Hospital indemnity insurance can help pay for expenses such as co-payments, deductibles, and other out-of-pocket costs.
- Financial protection: Hospital stays can be expensive, and hospital indemnity insurance can provide financial protection for individuals and families in the event of a hospitalization.
- Flexibility: Hospital indemnity insurance policies are typically flexible and allow policyholders to choose their own doctors and hospitals, rather than being tied to a specific network.
- Hospital indemnity plans help bridge the gaps left open by a Medicare Advantage plan by providing a cash payout directly to the policyholder.
What are the Benefits of a Hospital Indemnity Plan?
- Hospital Confinement Co-Payment Coverage- Up to 31 Days
- Ambulance Transportation
- Emergency Room Coverage
- Skilled Nursing Facility Benefits
Here at Pinnacle Financial Services, we offer a diverse portfolio of Hospital Indemnity Plans that an agent can customize to best fit the needs of their client. Commissions are paid out in a matter of days, even during AEP. Please reach out to our team to find out more about contracting with and marketing these plans.
Director of Sales | Health
Contact a Pinnacle Representative if you have any questions.
1 (800) 772-6881
support@pfsinsurance.com
by Dustin Ofsharick | Mar 17, 2021 | Blog |
What Does Hospital Indemnity Pay for?
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What is hospital indemnity and what does hospital indemnity pay for? Hospital indemnity insurance is supplemental medical insurance coverage that pays benefits if you are hospitalized. While health insurance pays for medical services after copays co-insurance, and deductibles are met, hospital indemnity insurance pays you if you are hospitalized, regardless of any other coverage you may have.
Pairing Medicare Advantage with Hospital Indemnity
Hospital Indemnity is a perfect product to pair or cross sell with Medicare Advantage plans. Medicare Advantage plans have some coast for hospital stays that vary plan to plan. Depending on the plan if you stay in the hospital for 10 days it may cost you a few thousand dollars. Paying a low monthly premium for a Hospital Indemnity can cover the cost of these stays.
Filling in the Gaps
When pairing Hospital Indemnity with Medicare Advantage it is also known as filling in the Gaps. Pinnacle Financial Services has the top quoting software tools in the industry to make your quoting easy. Whether you are in the office on a desk top or on the go with our Mobile Quoting app, Pinnacle Financial Services makes it easy to run quotes anytime anywhere.
Call your Director of Sales today to find out how to add Hospital Indemnity to your product portfolio today. www.pfsinsurance.com 1-800-772-6881 ex 7706
Director of Sales - Health
Contact a Pinnacle Representative if you have any questions.
1 (800) 772-6881
support@pfsinsurance.com