With the popularity of Medicare Advantage plans in the last few years rising and the introduction of the Modernized Medicare Supplements in June of 2010, hospital indemnity insurance has increased in popularity as well. It is a great way to help with medical expenses.

Its simplified issue plan of insurance with benefits for hospital, skilled nursing facility and registered nurse services. The policy is designed to help offset the deductibles and co-payments of medical expense plans. It will pay in addition to Medicare, Medicare Advantage and other insurances.

 

Product Description

A simplified issue plan of insurance with benefits for hospital, skilled nursing facility and registered nurse services. The policy is designed to help offset the deductibles and co-payments of medical expense plans. It will pay in addition to Medicare, Medicare Advantage and other insurances.

 

Plan Benefits

Hospital Indemnity

When you are confined in a hospital for at least 24 hours, as defined in the policy, ContinentalCare will pay a benefit of $1,000 (payable once for each period of Care)
Skilled Nursing Facility Indemnity

For each day, after a 20-day elimination period, you are confined in a skilled nursing facility, ContinentalCare will pay a daily benefit of $120 (payable up to 90 days for each Period of Care. Treatment must follow a hospital stay of at least 3 days.)
Private Hospital Room Indemnity

For each day of confinement in a Private Room, ContinentalCare will pay a daily benefit of $25
Registered Nurse/In Hospital and At-Home Indemnity

When a doctor certifies that services of a private-duty, graduate or register nurse (RN) are medically necessary, ContinentalCare will pay $30 per shift (2 shifts per day) up to a maximum daily benefit of $60 (payable for up to 30 days each Period of Care)

Optional Benefits (*not available in all states, please check underwriting guide)

Daily Hospital Benefit

This benefit is payable for each day of confinement in a hospital, for up to 90 days per Period of Care. The benefit is variable and may be purchased in $10 increments.

Available Daily Hospital Benefit

Issue ages 30-64 $10-$200
Issue ages 65-89 $10-$100
Calendar Year Indemnity

When you incur a medical or surgical expense in a calendar year for the treatment of a covered illness or accident, we will pay you an Indemnity Benefit of $110. This benefit is available once a calendar year. This benefit is not subject to or reduced by any deductible associated with your policy.

Pre-Existing Condition Elimination Benefit

This rider eliminates the waiting period of a pre-existing condition. When added to your policy, this benefit will cover loses that begin afar your policy effective date that result from a pre-existing condition.

 

For more information, please click here to contact us or call one of our Marketing Directors at 1-888-569-2002.