Hospital Indemnity Insurance
Advantage Plus Elite can help with Medicare Advantage out-of-pocket costs.
Hospital stays, emergency care, outpatient procedures, and related recovery costs can create expenses your Medicare Advantage plan may not fully absorb. Advantage Plus Elite from Guarantee Trust Life Insurance Company is designed to pay covered cash benefits directly to you.
Product overview
Watch how Advantage Plus Elite can help fill Medicare Advantage gaps.
This short overview gives visitors a quick way to understand how hospital indemnity insurance can work alongside a Medicare Advantage plan before they review benefit choices and optional riders.
Why it matters
Medicare Advantage plans can still leave out-of-pocket exposure.
Hospital indemnity insurance is supplemental coverage that can help offset covered costs after a hospital stay or other qualifying event. Instead of paying a provider directly, Advantage Plus Elite pays cash benefits that can help with co-pays, deductibles, transportation, household bills, or other recovery-related expenses.
The goal is simple: give you more financial breathing room when a covered health event brings bills and decisions at the same time.
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Direct cash benefits
Benefits can be paid to you or your assigned benefit designee.
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Simple claims process
The brochure highlights a claims process designed to be straightforward.
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Rates by issue age
Rates do not increase as you age, though premiums can change on a class basis.
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Benefit restoration
Hospital benefits can restore after 60 days with no hospital confinement.
Base plan benefits
Choose a hospital confinement benefit that fits your plan gaps.
The base plan can be customized by benefit period and daily benefit amount. The brochure also notes a Basic Daily Benefit Amount of $15 per day for the remainder of the 31-day Maximum Benefit Period.
Up to $2,500 daily benefit
A one-day base plan option is available for people who want a larger daily hospital confinement benefit.
Up to $990 daily benefit
Choose from 3, 4, 5, 6, 7, 8, 9, 10, or 15-day benefit periods depending on the out-of-pocket exposure you want to address.
Benefit restoration
Whichever base plan you select, the hospital confinement benefit can restore fully after 60 days with no hospital confinement.
| Included benefit | How it can help | Brochure highlight |
|---|---|---|
| Hospital Confinement | Pays a daily benefit for covered hospitalization for a 24-hour period, either as observation or confinement. | Daily benefit amount selected with the base plan |
| Short Duration Hospital Stay | Pays when you are hospitalized and discharged between 6 and 24 hours for either observation or confinement. | Chosen daily benefit, with 25% for the 1-day base plan |
| Emergency Room Benefits | Pays for covered emergency room, emergency care, or urgent care facility treatment due to an accident or injury. | $150 benefit, no hospital admission required |
| Mental Health Benefits | Pays for covered hospital confinement due to a mental or nervous disorder. | $175 per day for up to seven days |
Mental health benefits are in lieu of the hospital confinement benefit for sickness or injury, not in addition. Coverage depends on policy definitions, exclusions, limitations, and state availability.
Example scenario
Cash benefits can help lower a real-world hospital co-pay.
The brochure uses Beth as a hypothetical example. Her Medicare Advantage plan has a $300 per day inpatient hospital co-pay for days 1 through 6. After a 6-day inpatient hospital stay, her out-of-pocket co-pay was $1,800.
Beth's GTL hospital indemnity coverage paid a $300 cash benefit for each day she was in the hospital, up to the 6-day maximum.
Because Beth was hospitalized for 6 days, she received cash benefits she used to help cover her Medicare Advantage co-pay.
Based on age 65. Rates may vary by state; refer to state rate sheets.
Example is hypothetical and for illustration only. GTL and licensed agents are not connected with or endorsed by the U.S. Government or the Federal Medicare Program.
Optional riders
Add benefits around the gaps you are most concerned about.
Optional riders are available for an additional premium. Rider availability, waiting periods, exclusions, and limitations can vary by state.
Skilled Nursing Facility
Choose from options that can pay $100-$300 per day after a qualifying hospital stay and skilled nursing facility admission.
Ambulance
Can pay a chosen benefit of $50-$400 per ground or air ambulance ride to or from a hospital.
Cancer Lump Sum
Can pay $2,500-$20,000 after a covered cancer diagnosis, with additional provisions described in the brochure.
Outpatient Therapy
Can pay a $50 daily benefit for covered physical, occupational, speech, or chiropractic therapy within rider limits.
Outpatient Surgical
Can pay $250, $500, $750, or $1,000 for a covered procedure performed in an ambulatory surgical center or outpatient hospital facility.
Guaranteed Purchase Option
Can allow benefit increases before age 85, and includes a wellness rider that can pay an annual $100 physical exam benefit.
Critical Accident
After an emergency room visit, this rider can pay lump sum benefits for covered accident injuries, including fractures and dislocations.
Lump Sum Hospital
Can add a $250, $500, or $750 lump sum benefit during a covered period of hospital confinement.
Dental and Vision
Can pay an annual benefit of up to $400, $800, or $1,200 after the first year for covered dental and vision services.
Who it may fit
Hospital indemnity coverage may be worth reviewing if you want fewer surprises.
Nassau Bay Agency can help you compare the brochure benefits against the co-pays, maximum out-of-pocket exposure, and care patterns in your current Medicare Advantage plan.
You have hospital co-pays
Daily hospital co-pays can add up quickly during a multi-day stay.
You want direct cash
Covered benefits can help with medical and non-medical recovery costs.
You use outpatient services
Optional riders can address outpatient surgery, therapy, dental, and vision gaps.
You value renewability
The brochure describes the policy as guaranteed renewable for life when premiums are paid on time.
Carrier background
Advantage Plus Elite is underwritten by Guarantee Trust Life Insurance Company.
The brochure notes GTL has provided health and life insurance products since 1936 and introduced Advantage Plus in 2005 to help policyholders with Medicare Advantage out-of-pocket expenses.
GTL is based in Glenview, Illinois and underwrites the Advantage Plus Elite policy.
The brochure highlights simplified underwriting with instant approval.
The brochure states there are no limits to policy lifetime benefits received.
Frequently asked questions
Clear answers for people comparing hospital indemnity insurance.
What is Advantage Plus Elite hospital indemnity insurance?
Advantage Plus Elite is a limited benefit hospital confinement indemnity insurance policy underwritten by Guarantee Trust Life Insurance Company. It is designed to help with out-of-pocket expenses that can come with a Medicare Advantage plan.
Are benefits paid directly to me?
Yes. The brochure states benefits are paid directly to you or your assigned benefit designee, so covered cash benefits can be used in the way you choose.
Does the base plan require a long hospital stay?
No. The base plan includes a short duration hospital stay benefit for covered hospitalization and discharge between 6 and 24 hours. The policy also includes emergency room benefits for covered accident or injury treatment without requiring hospital admission.
What base hospital confinement options are available?
The brochure describes a 1-day base plan with daily benefits up to $2,500, and 3, 4, 5, 6, 7, 8, 9, 10, or 15-day base plan options with daily benefits up to $990.
Can riders be added to Advantage Plus Elite?
Yes. Available riders may include skilled nursing facility, ambulance, cancer lump sum, outpatient therapy, outpatient surgical, guaranteed purchase option with wellness, critical accident, lump sum hospital, and dental and vision benefits. Riders are optional and require additional premium.
Is this major medical insurance or a Medicare Supplement?
No. Advantage Plus Elite is a supplement to health insurance, not a substitute for major medical coverage. It is not a Medicare Supplement policy or certificate and does not fully supplement any federal Medicare health insurance.
Important coverage information: Advantage Plus Elite is a supplement to health insurance and is not a substitute for major medical coverage. Policy series G2150 is a limited benefit health insurance policy. It is not a Medicare Supplement policy or certificate and does not fully supplement any federal Medicare health insurance. The policy has a pre-existing condition limitation; benefits are not payable for a pre-existing condition unless the loss begins more than six months after the effective date of coverage. Premiums are subject to change only if changed for all policies of this type in your state and on a class basis. This brochure is a summary, not a contract. Advantage Plus Elite, Limited Benefit Policy, providing Hospital Confinement Indemnity Benefits, is issued on Form Series G2150 and Rider Form Series RG21ASB, RG21CA, RG15CLS, RG15CLSR, RG15DV, RG21LSH, RG21OPS, RG21OPT, RG21SNF, RG21SNF-EP, RG24GPO, and RG24W by Guarantee Trust Life Insurance Company. Product features are subject to state availability and variability, exclusions, limitations, reductions of benefits, and terms under which the policy may be continued in force or discontinued. Optional benefit riders are offered for an additional premium. For cost and complete coverage details, refer to the outline of coverage or contact your agent.
Talk with Nassau Bay Agency.
We can help you review Advantage Plus Elite, compare optional riders, and decide whether hospital indemnity insurance fits the gaps in your Medicare Advantage coverage.