Hospital Indemnity Insurance in North Carolina & South Carolina
If you have a Medicare Advantage plan in North Carolina or South Carolina, you may still be responsible for hospital copays, coinsurance, ambulance charges and other out-of-pocket expenses when an unexpected illness or injury occurs.
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GTL Advantage Plus® Elite Hospital Indemnity Insurance is supplemental coverage designed to help with some of those costs by paying covered cash benefits directly to you.
What Is Hospital Indemnity Insurance?
Hospital indemnity insurance works alongside your existing health insurance or Medicare Advantage coverage.
When a covered hospital stay or other eligible event occurs, the policy pays a predetermined cash benefit based on the coverage you selected.
Because benefits are paid directly to you, the money can generally be used where you need it most — whether that is helping with medical copays, transportation, lodging or everyday expenses during recovery.
Why Consider GTL Advantage Plus Elite?
Medicare Advantage plans can provide valuable coverage, but they may also include significant copays when you are hospitalized.
Advantage Plus Elite is designed to help provide an additional financial cushion for these unexpected expenses.
Available benefits may include:
- Daily hospital confinement benefits based on the benefit amount and period selected
- Short-duration hospital stay benefits for certain qualifying stays between 6 and 24 hours
- Emergency room benefits for qualifying accident or injury treatment
- Benefit restoration after meeting applicable policy requirements
- Cash benefits paid directly to you
- Optional riders for additional protection
Additional Benefits You May Be Able to Add
Depending on your state, age and policy selection, optional benefits may include:
- Ambulance benefits
- Skilled nursing facility benefits
- Outpatient surgery benefits
- Critical accident benefits
- Lump-sum hospital benefits
- Cancer benefits
- Outpatient therapy benefits
- Dental and vision benefits
This gives you the ability to customize coverage around some of the potential out-of-pocket expenses associated with your Medicare Advantage plan.
GTL Advantage Plus Elite in North Carolina
Advantage Plus Elite is available to eligible residents of North Carolina, including Pinehurst, Raleigh, Charlotte, Greensboro, Asheville, Wilmington and communities throughout the state.
GTL currently lists issue ages of 40 through 85 in North Carolina, with guaranteed-issue availability for certain applicants from age 64½ up to 80, subject to applicable product requirements.
GTL’s current underwriting information also lists the North Carolina version of Advantage Plus Elite as having no pre-existing condition waiting period, subject to the policy terms and eligibility requirements.
GTL Advantage Plus Elite in South Carolina
Advantage Plus Elite is also available to eligible residents throughout South Carolina, including Greenville, Charleston, Columbia, Myrtle Beach, Hilton Head, Bluffton, Rock Hill and surrounding areas.
GTL currently lists issue ages of 40 through 85 in South Carolina, with guaranteed-issue availability for certain applicants from age 64½ up to 80, subject to applicable product requirements.
Can Hospital Indemnity Insurance Help With Medicare Advantage Hospital Copays?
That is one of the primary reasons many Medicare Advantage members consider hospital indemnity coverage.
For example, your Medicare Advantage plan may require you to pay a daily copay during the first several days of an inpatient hospital stay.
A properly selected hospital indemnity benefit may help offset some or all of those expenses, depending on the benefits included in your policy.
The goal is simple: to help reduce the financial surprise that can come with an unexpected hospital stay.
Is GTL Advantage Plus Elite Right for You?
Hospital indemnity insurance isn’t necessary for everyone.
Your Medicare Advantage benefits, hospital copays, prescription coverage, health needs, budget and existing insurance should all be considered.
At Mintco Financial, we can help you understand how GTL Advantage Plus Elite works and whether this type of supplemental protection makes sense for your situation.
Have Questions About Hospital Indemnity Insurance?
Serving North Carolina & South Carolina
Talk with Mintco Financial about GTL Advantage Plus Elite and how hospital indemnity coverage may work alongside your Medicare Advantage plan.
Talk With Mintco Financial
If you live in North Carolina or South Carolina and would like to learn more about GTL Advantage Plus Elite Hospital Indemnity Insurance, contact us today.
Or visit our Contact Us page to send us a message.
Mintco Financial
Helping individuals and families understand their Medicare and supplemental insurance options in North Carolina, South Carolina and nationwide.
Important: Advantage Plus Elite is hospital indemnity insurance and is supplemental coverage. It is not Medicare, Medicare Advantage, Medicare Supplement insurance or comprehensive major medical insurance. Benefits, riders, eligibility, exclusions, limitations and availability may vary by state. Coverage is subject to the terms and conditions of the insurance policy. Guarantees are based on the claims-paying ability of the issuing insurance company.