Will 50 Days of Skilled Nursing Facility Coverage Protect Your Clients?

Medico's new hospital indemnity policy offers a skilled nursing benefit rider that pays $100, $150, or $200 per day up to fifty days when your client is confined to a skilled nursing facility. Will that benefit adequately protect your clients?

According to research conducted by the Center for Medicare Advocacy, the average length of stay in a skilled nursing facility is 26.4 days. Therefore, the 50-day benefit period in the hospital indemnity policy skilled nursing benefit rider is more than most clients will likely use. The price is very reasonable at $8.25 per month with a potential cash benefit of $5,000.

If your clients feel they need more coverage beyond the 50 days provided by the hospital indemnity skilled nursing facility rider, you can talk to them about Medico's short-term recovery care policy. This policy offers a lifetime maximum benefit period of 120, 240, or 360 days for nursing facility confinement, assisted living facility confinement, home health care, adult day care, or hospice care.

For more info contact MAS Insurance today!