GTL Advantage Plus Elite
The GTL Advantage Plus Elite hospital indemnity plan has taken the place of the Advantage plus in a number of states. Introduced in 2005, the Advantage plus product has been one of the more popular hospital indemnity plans with insurance agents. The plan benefits fit very well with Medicare Advantage cost shares for hospital stays. The new GTL Advantage Plus Elite is very similar to the old version but offers better rates.
GTL Advantage Plus Elite: State approvals and rates
The new version of the Advantage plus is now approved in 30 states. In those states it has replaced the old version. Rates are lower than those of the Advantage plus by about 8% to 12% depending on the state, age of the client and benefit selection. Agents can easily quote the plans and enroll prospects on the GTL agent portal. The link for the portal is below.
GTL Advantage Plus Elite: Benefits
The Advantage Plus Elite allows you to choose from 1,3,4,5,6,7,8,9,10 and 15 day benefits. Select up to a $2,500 benefit on the 1 day benefit and up to $750 per day for any benefit 2 days or more. Keep in mind, the benefits will recharge an unlimited amount of times after 60 days of no hospital confinement.
The base plan benefits now include Short duration hospital stays. The short stay if for someone hospitalized and discharged between 6 and 24 hours for observation or confinement. Mental health and emergency room benefits are also part of the base benefit.
There are a number of riders that clients can add to the plan, depending on the state. Riders include:
- Ambulance service
- Outpatient therapy rider
- Skilled nursing rider (2 options in most states)
- Lump sum cancer rider
- Critical accident
- Dental and Vision