Hospital Recovery Insurance
Why do I need Hospital Recovery Insurance? Affordable insurance to assist in your recovery after an inpatient hospital stay
• In 2010, the average length of a hospital stay in Michigan was 4.7 days
• In 2011, the average cost of a hospital stay in the U.S. was $9,700
• Your risk of being hospitalized almost doubles when you reach age 65
• 72% of covered workers now face a health insurance deductible, with average deductibles doubling from 2007-2013.
• The average length of a hospital stay has declined over the past 10 years. A shorter hospital stay may mean additional out-of-pocket expenses before a patient reaches full recovery.
Your medical plan provides benefits to help with medical costs during a hospital stay. Once you leave the hospital, you shouldn’t have to worry about financial setbacks that you didn’t expect during your recovery. Things like lost wages plus the costs for help with transportation, meals, child care, or even housekeeping can all add up. Hospital Recovery Insurance provides cash benefits regardless of any other insurance you have. By pairing it with your medical plan, you can extend your protection to help with those unexpected costs so you can focus on your recovery.
Hospital recovery insurance is a type of plan that pays a set amount – per day, per week, per month, or per visit – if you’re confined in a hospital. When you experience a hospital confinement, outpatient surgery, or emergency accident or sickness, you submit a claim form along with the receipts for services received. You will receive a lump-sum payment as described in the policy. You can use the cash for whatever you choose. The plan offers optional benefit riders that you can add to your plan.
Critical Insurance
When it comes to being diagnosed with a critical illness, most people think it will never happen to them. Unfortunately, heart attacks, cancer, strokes and other serious illnesses can happen to anyone. Here are some facts to consider:
• About every 34 seconds, someone in the United States suffers a heart attack
• Fifty percent of men will be diagnosed with cancer in their lifetime
• Total direct and indirect costs of cardiovascular diseases and stroke in the United States are projected to be nearly$600 billion in 2015
Most plans are guaranteed renewable for life – as long as you pay the premiums, the policy can never be cancelled. Renewable insurance gives you peace of mind, allowing you to focus on your life without worrying that you may need to take out a different insurance policy.
If you believe you may be at risk for a critical illness a critical illness insurance policy is a simple, affordable way to protect your future.
Not only can these illnesses be devastating to your health and finances because of medical costs associated with the recuperation process. The benefits of a Critical Illness Cash Plan include:
• Pays in addition to any benefits you have — and the payment goes directly to you or designee
• No restrictions on how the cash is used (groceries, mortgage, personal or medical bills)
• Ideal add-on for clients who like the premium of a high deductible health plan, but don’t like the increased risk of a larger deductible
• Guaranteed renewable
Why take chances? Make sure your family is protected today.
Cancer Insurance
Approximately 65% of cancer related expenses are not covered by regular health insurance. Additionally, the high incidence rate of cancer means that you or your loved ones may develop cancer at some point in time. While you may have health insurance coverage, there is no guarantee that it will cover the costs of additional expenses unrelated to your treatment plan.
A cancer insurance policy pays cash to you or your designee to help with unexpected, out-of-pocket expenses. On the first diagnosis of cancer, you’ll receive a lump-sum cash payment to use however you want. Cancer policies are intended to fill in the gap between your traditional health insurance policy and the additional costs associated with being diagnosed with cancer.
You can use it for whatever you need – including non-medical expenses. If you need extra cash for housing, food, clothing or childcare – or even for a family vacation with your loved ones – your benefit sum is available.
Even if you don’t currently have health insurance, you can still apply for a cancer insurance policy. Cancer insurance products offer independent lump sum benefits, completely separate from any other insurance situation. An affordable policy provides financial aid no matter what your current insurance status is.
Personal Accident Insurance:
Accidents happen… have you heard?
• 1 out of 8 Americans each year seeks medical care due to injuries.
• About 86% of accidents are non-traffic related.
• Falls are the leading cause of accidental injuries among Americans in almost every age group.
• One-third of children under age 14 who play organized sports have experienced an injury.
Protect your hard-earned wages and savings with Personal Accident Insurance. Your medical plan provides benefits to help with medical costs if you suffer an accidental injury. In that unfortunate event, you shouldn’t have to worry about unexpected financial setbacks as a result of an injury. Things like lost wages plus your out-of-pocket expenses and the cost for help with transportation, meals, child care, or even housekeeping can all add up. Personal Accident Insurance provides cash benefits regardless of any other insurance you have. By pairing it with your medical plan, you can extend your protection to help with those unexpected costs so you can focus on healing.
Long Term Care Insurance – (LTC)
Health and Disability does not cover some health expenses
If you find you need LTC – Are you aware of the average costs for just one year of long term care?
• Home Care = $21,840
• Assisted Living Facility = $42,600
• Nursing Home Facility = $90,520
Can you afford NOT to purchase long term care insurance? We have a plan that provides financial security and a missing piece to the healthcare puzzle.