If you are a healthcare agent who wants to ensure your clients have all the protection they need, Medico/Wellabe Ancillary Products provides a wide variety of product choices. Please note; As of June 2023, Medico has launched it’s new brand, Wellabe.
Ancillary product sales are an important component of your sales portfolio. They fill in the coverage gaps left by traditional health coverage and provide clients peace of mind as well as asset protection.
Product availability
The ancillary products offered by Medico/Wellabe include dental, Hospital Indemnity, First Diagnosis Cancer Insurance, Short-term Care insurance. Important; product availability varies by state, all products are not available in every area.
Dental Insurance
With the high cost of dental care, dental coverage is something everyone needs to have. Finding a good plan with a strong network can save enrollees a good deal of hard earned cash and is key to getting the proper dental coverage.
Click here to see if a dental provider is in-network
Wellabe offers 2 plan options; the Gold and the Platinum plan. Each of the plan has 2 coverage levels. The coverage levels of each plan are as follows: First level coverage benefit is $1,000. The second level of coverage offers a benefit of $1,500. Both plans offer the option to purchase a buy up of $1,000 additional coverage. Plans also provide a carry-over benefit rider that allows enrollees to carry unused benefits over to the following year.
Hospital Indemnity Insurance
Hospital Indemnity plans provide a cash benefit if a client is hospitalized for either an injury or illness. These plans area great choice to add to a Medicare advantage or ACA plan as a safeguard for your client’s assets.
Plans provide coverage for hospital confinement, Inpatient mental health, Observation Unit, transportation & lodging (if traveling at least 50 miles for treatment) as well as an Emergency room benefit.
The policy highlights include; Guaranteed issue period for applicants between the ages of 60-79. This is based on the date they sign the application. Underwriting uses a simple application with only 9 health questions. A household discount of 7% is available to enrollees in the same family (not applicable in PA).
Agents that want to contract with Crowe to offer these products, click here
If you are already a Crowe agent and want to add these products, click here
Cancer Insurance
Sadly, most of us know someone who has been diagnosed with cancer. Not only does this create a difficult journey for the patient but it also comes with large out of pocket expense that can add unneeded stress to the situation. If a client is on a Medicare Advantage plan, they could be stuck paying a 20% co-pay for chemotherapy as well as radiation and that can add up fast.
First diagnosis cancer plans pay the beneficiary a tax free, lump sum if they are diagnosed with cancer. Clients can use the payment any way they need to.
The policies are guaranteed renewable as long as payments are current. There is a 10% household discount available to members of the same house who are over 18 when policies are issued together. Plans offer cash benefit amounts from $10,000 up to $25,000. Enrollees have the option to purchase an inflation protection rider that increase the benefit amount by 5% each year. It is easy to apply for coverage with only 3 questions and policies are available to anyone ages 18-79.
Short-Term Care Insurance
Short-term care insurance is an affordable way for clients to protect their assets in the event they need either care in a facility or extended home care. Plans cover both medical and non-medical care. These plans are indemnity based and not a reimbursement.
Learn why ancillary products are a great add on for Med Supp & MA sales
Wellabe offers 2 plans; Essential Care and Essential Care Plus as well as a limited benefit rider. Some of the plan highlights include:
Household improvements – $500 indemnity benefit that includes household modifications such as installing ramps, widening doorways or modifying a bathroom.
Care coordination – $500 indemnity benefit that pays when the enrollee needs help setting up a care plan.
Household discounts – 7% discount for one applicant who lives with someone over 40. A discount of 14% applies when two people over 40 are issued a policy. There are also other opportunities for discounts available.
Rider benefits include nursing facility rider, adult day care rider, inflation protection and a return of premium minus claims rider.