This product is underwritten by Medico® Insurance Company, a Wellabe company.
At Wellabe, we want you to be well prepared, well protected, and well loved. That’s why we offer Hospital Confinement supplemental insurance — to help keep your savings and your bank account healthy as you get treatment and get well.
A hospital stay can be upsetting — to your health, your wallet, and your family. Even if you have other medical insurance, some costs may not be covered. That’s when Hospital Confinement insurance can provide peace of mind in your time of need.
Hospital Confinement insurance complements your existing health insurance by giving you cash to help with the costs your plan doesn’t cover.
If you’re between the ages of 18 and 85, you can apply for Hospital Confinement insurance. It pays you a cash benefit for each day you’re in the hospital. You choose both:
If you remain out of the hospital for 60 continuous days, your policy’s benefit period resets.
Wellabe’s plan also pays cash benefits for:
Hospital Confinement insurance also allows you to choose optional benefits at an additional cost, including:
Hospitalization is expensive on its own, but it’s easy to overlook the additional costs you can incur while you’re hospitalized. Deductibles and copays will start piling up, and you may require follow-up outpatient care or a stay in a nursing facility.
Hospital Confinement insurance is supplemental insurance that you can add to your overall health insurance portfolio. It pays you a specified amount for each day of covered service you receive, no matter what the final billed charges are.
The average cost to visit an emergency room is around $1,400, according to a study by the Health Care Cost Institute. If you need more time under doctor supervision, your overnight stay will add up quickly. The cost for an average hospital stay, inclusive of all treatment along the way, hops up to a daunting $9,300 without insurance. This doesn’t include the cost for external factors, such as lodging for loved ones who visit or any follow-up rehab.
Wellabe’s Hospital Confinement base plan includes benefits for an emergency room visit, observation unit services, hospital confinement, transportation and lodging, and inpatient mental health assistance.
Four out of 10 U.S. adults say their household has used up all or most of their savings due to their health care debt, and nearly 18% of those with health care debt say they don’t think they will ever pay it off.
If you don’t have a large “emergency fund” to cover tens of thousands of dollars in unexpected medical expenses, a Hospital Confinement insurance plan can offer peace of mind. The coverage will help you keep more of your savings account and retirement income intact, rather than paying for medical bills.
Those on Medicare Advantage (Part C) are often ideal candidates for Hospital Confinement insurance to help fill in gaps. People ages 65 to 84 make up about one in three hospital visits, according to the Agency for Healthcare Research and Quality. Medicare plans rarely cover this entire cost. With Medicare Advantage, for example, the maximum out-of-pocket cost is $6,700 — more than most Americans have in an emergency fund.
When you become a Wellabe policyholder, you’ll have access to resources that make it easy to make the most of your plan, including our mobile app, customer portal, and Customer Success team via email or phone. Visit the Customer Resources page to learn more.
Most providers submit claims on your behalf, but you can also file claims by mail, fax, or through our mobile app. Once your claim is submitted, you can check its claim status in our mobile app or Wellabe’s customer portal. Visit the Customer Resources page to register for an account.
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