Healthcare expenses can quickly add up for Medicare beneficiaries, especially when an unexpected hospital stay occurs. Mutual of Omaha’s Hospital Protection℠ plan gives agents another way to help clients prepare for potential out-of-pocket costs while expanding their supplemental product portfolio.
The plan can help cover expenses clients might otherwise pay themselves, including costs such as the Medicare Part A inpatient hospital deductible. Benefits are paid directly to the client, giving them the freedom to use the funds based on their individual needs.
For agents, Hospital Protection also creates additional earning opportunities. Clients can select higher benefit amounts or expand their coverage with optional riders, allowing agents to build more personalized solutions while potentially increasing commissions.
7 Advantages for You and Your Clients
Here are seven reasons to consider including Mutual of Omaha Hospital Protection in your client conversations:
1. Customizable Coverage
Clients can choose the benefits and features that best fit their healthcare needs, budget and existing coverage.
2. Guaranteed Acceptance for Clients Ages 64–74
Eligible clients between ages 64 and 74 can receive guaranteed acceptance, making it easier to secure supplemental protection.
3. No Waiting Period
Coverage begins immediately, so clients do not have to wait before their benefits become available.
4. Benefits Paid Directly to the Client
Benefit payments go directly to the client rather than the healthcare provider. This provides greater flexibility in deciding how the money is used.
5. No Provider Networks
Clients are free to receive care from any qualified provider without being restricted to a specific network.
6. Complements a Variety of Medicare Coverage
Hospital indemnity coverage can work alongside Medicare Advantage, Medicare Supplement and high-deductible health plans, helping clients address potential gaps in their existing coverage.
7. Optional Riders Offer Additional Protection
Optional riders allow clients to expand their coverage based on their individual concerns and priorities. Availability and benefits may vary by state.
Start the Conversation With Your Clients
Hospital indemnity can be a valuable addition to an agent’s portfolio, particularly for clients who are concerned about the financial impact of an unexpected hospitalization. It also gives you another opportunity to review a client’s overall protection strategy and identify expenses their current coverage may not fully address.
Before presenting the product, review Mutual of Omaha’s product information, benefit availability and underwriting requirements.
Review the Hospital Indemnity Product and Underwriting Guide
The information on this website is for agent use only and not intended for the general public. If you have questions about this post, please call 800.562.7733 or email nf_sales@neishloss.com.
