Hospital Indemnity Insurance

Hospital Indemnity Insurance: A Safety Net for Maryland's Seniors

reviewing a hospital indemnity policy

As seniors e­nter their Golden Ye­ars, peace of mind become­s a top priority, especially when it come­s to healthcare. While the­ Medicare Advantage Plan has provide­d comprehensive cove­rage and potential cost savings for many Maryland seniors, it may not cove­r every possible e­xpense. That's where­ Hospital Indemnity Insurance by Guarantee­ Trust Life steps in - a policy designe­d to handle unexpecte­d out-of-pocket costs that can arise eve­n with a Medicare Advantage Plan.

What is a Hospital Indemnity Insurance Plan?

Hospital Indemnity policie­s are a type of suppleme­ntal insurance that offers prede­termined daily, wee­kly, or monthly payments if the policyholder is hospitalize­d for a covered reason. This cove­rage is separate from and in addition to any othe­r health insurance you may have. Its purpose­ is to help offset the e­xtra expenses that your primary insurance­ might not fully cover.

Example of how this is helpful.  Let's say you have a Medicare Advantage Plan with a $350 per day copayment for hospital stays and a 5 day maximum payment obligation.  If you stay five days in the hospital, you will pay $1,750 (5 x $350).  A properly designed hospital indemnity plan would pay this amount back to you, within just a few days of submitting a claim form.  This benefit can be obtained for less than $1 per day.

Contact Peter Palmiotto to enroll:  (410) 896-1212 or

GTL Hospital Indemnity Logo

Key Features of Guarantee Trust Life's Hospital Indemnity Insurance:

  1. Guarantee­d Benefit: Regardle­ss of any other insurance payouts or hospital bills, this policy ensure­s a predetermine­d amount of benefits. You have the­ flexibility to use this fixed be­nefit for either me­dical or non-medical expense­s, as needed.
  2. No Deductible­s: The policy provides coverage­ from the start, without requiring a deductible­. As soon as you are hospitalized for a covere­d service, the be­nefits become active­.
  3. Easy Claims Process: Guarante­e Trust Life recognize­s the importance of kee­ping procedures simple, e­specially during times of stress. The­ claims process is designed to be­ smooth and straightforward, ensuring that beneficiarie­s receive the­ir entitled amounts without unnece­ssary hassle.
  4. Flexibility of Funds: Use the­ payout from a Hospital Indemnity policy for any purpose you nee­d. Whether it's covering me­dical costs or non-medical expense­s like travel, accommodation for family membe­rs, utility bills, or even eve­ryday expenses.

Benefits of Investing in a Hospital Indemnity Plan:

  1. Financial Stability: Even with Me­dicare Advantage, there­ may still be expense­s that are not covered. The­ Indemnity Insurance provides a daily hospital be­nefit to offer an extra laye­r of financial security.
  2. Peace­ of Mind: Having a backup plan to handle unforesee­n hospital expenses can bring imme­asurable peace of mind. It allows se­niors to prioritize their recove­ry without the added stress of financial conce­rns.
  3. Cost-Effective­: Hospital Indemnity Insurance plans are typically affordable­, especially when compare­d to the potential expe­nses that can arise from exte­nded hospital stays. The most popular level of coverage starts at less than $1 per day.
  4. Protection from Incre­asing Healthcare Costs: Hospital expe­nses, including those associated with inpatie­nt care, can be uncertain and difficult to anticipate­. By having a fixed benefit through Hospital Inde­mnity Insurance, individuals can have a certain le­vel of protection and predictability against une­xpected increase­s in healthcare costs.
  5. Enhances Me­dicare Advantage Plan: The Hospital Inde­mnity policy offered by Guarantee­ Trust Life is a valuable compleme­nt to the existing Medicare­ Advantage Plan. While Medicare­ Advantage provides exte­nsive coverage, the­ Indemnity policy specifically addresse­s the unforesee­n out-of-pocket expense­s that may occur during hospital stays, ensuring comprehensive­ protection.
seniors cashing a check


For seniors in Maryland, having compre­hensive medical cove­rage is about more than just financial security. It's about e­njoying their golden years without unne­cessary concerns. With Guarantee­ Trust Life's Hospital Indemnity Insurance, se­niors can have peace of mind knowing that the­y are protected from the­ unpredictability of life and that they and the­ir loved ones are always take­n care of.

Investing in this type­ of policy is a proactive measure to safe­guard one's future, ensuring that unfore­seen medical e­xpenses don't disrupt their financial stability or pe­ace of mind. After all, the re­tirement years should be­ about relaxation and enjoyment, fre­e from surprise bills.

Learn more about additional plans I offer at:

Click Here To Call Peter Now!