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More Than Just Lump-Sum

More Than Just Lump-Sum

Chances are, you’ve heard all about the lump-sum benefits on your Platinum-marketed policy. But, did you know about the other valuable benefits that can help cover the out-of-pocket expenses that go along with a serious illness diagnosis?

When you purchased your Platinum-marketed supplemental health insurance policy, you saw value in the enhanced coverage and peace of mind it provides when it comes to your finances. In a recent study, the Centers for Medicare and Medicaid found that out-of-pocket spending for healthcare grew nearly four percent from 2015 to 2016—exceeding the average annual growth of two percent from 2008 to 2015.1 Platinum-marketed policies are designed to help offset out-of-pocket expenses related to a serious illness diagnosis or stay in the hospital, and we’re here to help you through those circumstances.

Because these expenses can be a burden on anyone’s financial situation, your policy may include values that shouldn’t be overlooked, including benefits for hospital confinement, lodging and transportation. These are just a few of the benefits that take your policy beyond a basic lump-sum policy:2

  • Hospital confinement benefit. If you’re confined to the hospital for at least 18 hours as a direct result of cancer, heart attack or stroke, you may receive benefits to help cover these costs.
  • Experimental treatment. This benefit may pay for experimental drugs and chemicals, surgery, or therapy endorsed by either the National Cancer Institute or American Cancer Society.
  • Lodging. If the covered individual received treatment from a medical facility located more than 100 miles from home, they may receive $100 per day to help with lodging expenses.
  • Transportation. The insured may receive benefits for travel to and from the hospital.
  • Ambulance. The ambulance benefit may pay per trip to or from a hospital where the insured is confined as an inpatient.

Policies marketed by Platinum typically include several specific treatment benefits like these, in addition to large lump-sum benefits. For thousands of policyholders, Platinum’s approach to offering cost-effective, benefit-rich policies has delivered added financial confidence and peace of mind.

Do you want to learn about more benefits of your Platinum-marketed policy? Call our friendly and knowledgeable customer service team at 1-855-637-6550.