Budget Proposal Seeks Home Health Care Copay

As we head into the wrap up of OEP Congress and the President will be busy trying to work on making Medicare a fiscally viable program. One of the latest proposals would affect Medicare’s Home Health Care benefit:

• A large portion of the proposed budgetary increase is supposed to come from instituting $100 Medicare copayments for Medicare patients who use home health care. 
• The $100 copayment is supposed to produce $730 million from patients who currently use home health care but do not pay for the services they receive.
• The proposed copayment would apply to episodes of care requiring five or more visits over a period of 60 days or less, which in 2008 would have applied to 63 percent of episodes.
• The problem with the assumption that many people are using home health care that could instead seek outpatient care is that home health care prevents a lot of inpatient hospital stays.

Join us at Senior Marketing Specialist for the first of two webinars this Wednesday November 20^th to find out more about an inexpensive answer to help your clients recover at home, regardless of other coverage including Medicare.

Why Cash is King...Hospital Indemnity Insurance

Indemnity insurance plans were one of the first health plans to ever be sold in this country. A very simple concept, if you have an illness or accident and accrue medical bills we, the insurer, will pay you a set dollar, indemnity, amount based upon the policy provisions for coverage. 

Many policies in the health insurance field today are so complicated in their benefit structure that even I, with 30+ years’ experience, have a have a hard time understanding what is covered and how much am I going to get paid. The Hospital Indemnity Policies being offered today are a classic example of knowing what you’re buying and understanding the benefits. These policies provide cash to the policyholder that can be used for any number of items after they have been confined to a hospital:

• Paying health insurance deductibles, whether underage, Medicare Advantage or Medicare Supplement.
• Paying for charges not covered by other insurance.
• Paying for relative travel and lodging to help out.
• Paying for relative travel and lodging to help out.
• Paying bills at home. 
• Paying for housekeeping while you recover.
• Etc...

Many of these policies also offer riders to pay for doctors, surgery, cancer and prescription drugs.  In most cases the cash indemnity is paid to the policyholder direct and they can then use the money as they see fit. The underwriting is minimal and premiums are affordable, starting at just a few dollars a month. Even those on a fixed budget may able to afford this coverage.

The largest medical bills that a person receives are when they end up hospitalized for illness or accident. So, why not insure that risk and make sure you have the money when you need it the most, after being confined to a hospital for illness or accident. After all, CASH IS KING!!!

(This article was written by Philip Warren of Senior Marketing Specialists.)