Advantage Guard Hospital Indemnity

Hospital indemnity insurance is easily one of the easiest cross-selling opportunities for Medicare Advantage agents. Medicare provides great benefits but still has many gaps in its coverage, and even most Medicare Advantage plans will not cover the first few days of hospitalization. 

This means many Medicare recipients may be looking for additional supplemental insurance, and a hospital indemnity plan can help fill in these coverage gaps by paying a cash benefit directly to the beneficiary.

No, AdvantageGuard is not a cancer plan. It is a hospital indemnity plan designed to provide cash benefits for hospital confinement, inpatient stays, and emergency room visits. While some hospital indemnity insurance plans may include an optional benefit for cancer coverage, AdvantageGuard is primarily structured to help clients manage out-of-pocket costs related to hospital stays that are not fully covered by their health insurance plan or Medicare Advantage plan.

Clients with preexisting conditions can still be eligible for coverage, and in many cases, AdvantageGuard offers guaranteed issue options, making it accessible for a broad range of consumers. The plan is underwritten by Golden Rule Insurance Company, a UnitedHealthcare Company, ensuring financial strength and reliability.

Although AdvantageGuard is not a dedicated cancer plan, it may include optional benefits such as prescription drug coverage, skilled nursing facility benefits, and outpatient provider setting coverage. Agents should review policy provisions, state variations, and eligibility criteria to determine the best benefit selection for their clients.

AdvantageGuard is a hospital indemnity insurance plan that provides fixed cash benefits for various healthcare expenses, helping clients manage out-of-pocket costs associated with hospital confinement and related services. It is designed as a supplemental insurance plan to help cover gaps left by Medicare Advantage plans and other health insurance plans.

Core Benefits Included in AdvantageGuard:

• Inpatient Hospital Confinement – Provides a cash benefit for each day a policyholder is admitted to the hospital due to sickness or injury.
• Hospital Observation Stay – Pays benefits for hospital stays lasting 12 to 24 hours (when observation status is assigned instead of full admission).
• Mental Health Hospitalization – Pays a fixed benefit for hospital confinement due to a mental or nervous disorder.

• High Market Demand: Many clients with Medicare Advantage plans have out-of-pocket costs, making hospital indemnity insurance an easy cross-sell.
• Competitive Commissions:  Earn cash benefits per sale with potential renewals.
• Year-Round Sales: Unlike Medicare Advantage enrollment, AdvantageGuard can be sold at any time.
• Simplified & Guaranteed Issue Options: Makes it easy to offer coverage without extensive underwriting.

Becoming contracted to sell AdvantageGuard is a straightforward process designed to help agents quickly add this hospital indemnity insurance plan to their portfolio. Since AdvantageGuard is underwritten by Golden Rule Insurance Company, a UnitedHealthcare Company, the contracting process follows UHC’s standard procedures for independent agents.

• Request a contract through SMA.
• Complete the contracting link.
• Start selling AdvantageGuard.

Request Advantage Guard Contracting Today!