2025

We’re excited to announce that ManhattanLife’s new Hospital Indemnity product is now available! This comprehensive product is designed to offer financial protection against the costs associated with hospital stays and related medical services. For agents looking to provide their clients with more holistic healthcare solutions, this product is a perfect companion to Medicare Advantage (Med Advantage) plans.

​What Is Hospital Indemnity Insurance?

Hospital Indemnity insurance is a type of supplemental health insurance that provides a fixed cash benefit to policyholders when they are hospitalized or need other hospital-related services. Unlike traditional health insurance, which pays providers directly, Hospital Indemnity insurance pays the insured directly, giving them the flexibility to use the funds as they see fit. These payments help cover out-of-pocket costs such as co-pays, deductibles, and non-medical expenses that can add up quickly during a hospital stay.

Why Is Hospital Indemnity Insurance Important?

​The rising costs of healthcare have made it more challenging for individuals, especially seniors, to manage out-of-pocket expenses. According to recent reports, out-of-pocket spending for healthcare increased by 6.6% in 2022, while private health insurance premiums rose by 5.9%. Even with Medicare Advantage plans in place, out-of-pocket costs such as co-pays, coinsurance, and deductibles can quickly accumulate, leaving individuals vulnerable to financial stress in the event of a hospitalization.

That’s where Hospital Indemnity insurance comes in. This type of supplemental coverage is designed to help fill the financial gaps that traditional health insurance and even Medicare Advantage plans leave behind. It’s an extra layer of protection, ensuring that your clients are not only covered for their medical needs but also have the financial support they need to manage other expenses during a hospital stay.

Key Features of ManhattanLife’s Hospital Indemnity Product

ManhattanLife’s Hospital Indemnity plan is built with a range of hospital-related benefits, tailored to help clients manage their healthcare costs with confidence. Some of the key benefits include:

• Daily Benefits for Hospital Stays: This plan provides a fixed cash benefit for each day your client is hospitalized, helping them offset the costs of their hospital room, services, and other in-hospital expenses. This can be particularly helpful if your client faces an extended stay.

• Emergency Room Visits: Emergency room visits can often lead to unexpected bills. ManhattanLife’s product covers emergency room visits, reducing the financial burden for clients who experience sudden medical emergencies.

• Ambulance Services: The cost of emergency ambulance services can be significant, especially if transport to a hospital is required. With this indemnity insurance, your clients will have financial relief in the event they need to be transported by ambulance.

Why Hospital Indemnity Insurance Is a Great Sales Opportunity

As an agent, you’re always looking for ways to enhance your clients’ coverage while meeting their unique needs. Hospital Indemnity insurance is an excellent way to add value to your clients’ Medicare Advantage plans and make sure they have comprehensive protection for unexpected health-related costs. Here’s why this is such a great opportunity:

1. Increased Need for Supplemental Coverage: As healthcare costs continue to rise, more and more individuals are looking for additional coverage to help protect them financially. Hospital Indemnity insurance offers a low-cost, high-value solution for these clients, making it an easy sale to those who are concerned about rising out-of-pocket expenses.

2. Better Financial Protection: Many seniors are living on fixed incomes and can’t afford to absorb large hospital bills. Offering Hospital Indemnity insurance as a companion sale to Med Advantage plans ensures your clients have the financial protection they need in the event of hospitalization. This can provide your clients with peace of mind knowing they won’t face financial hardship due to unforeseen medical events.

3. Simplicity and Flexibility: Hospital Indemnity insurance policies are typically straightforward and easy to understand. This makes it an appealing option for clients who want a simple, reliable product to protect themselves from unexpected medical expenses. Furthermore, the cash benefits are paid directly to the insured, so they have the flexibility to use the funds as needed.

4. An Attractive Upsell: For agents already selling Med Advantage plans, Hospital Indemnity insurance represents a natural upsell. It’s an easy add-on to an existing policy, which can increase your sales volume while providing your clients with a more complete healthcare solution.

Conclusion: Enhance Your Clients’ Protection with ManhattanLife’s Hospital Indemnity Insurance

​As the healthcare landscape continues to evolve, so do the financial challenges that individuals face when it comes to managing the cost of care. ManhattanLife’s Hospital Indemnity product is a powerful tool that helps your clients bridge the gap between what their Med Advantage plans cover and what they still need to pay out of pocket. By offering this product as a companion sale to Med Advantage, you’ll be providing your clients with the comprehensive, financial security they need to navigate the complexities of healthcare without the fear of overwhelming costs.

If you’re looking for a way to enhance your clients’ Medicare coverage and increase your sales opportunities, consider adding ManhattanLife’s Hospital Indemnity product to your portfolio today! It’s a valuable solution that helps your clients manage hospitalization costs with ease and peace of mind.

Have questions about GarityAdvantage and how we can benefit your Medicare business? Contact Tori or Jessie for answers and discover more advantages to becoming an agent with GarityAdvantage.