Hospital Indemnity Resources
Hospital Indemnity Plans (HIP) pair well with a Medicare Advantage (MA) plan, so it’s no surprise that awareness and sales of these products are growing among distributors and seniors.
In past blog entries, we have noted growth in ancillary products here and here. These entries include data through 2023. Continue watching here for updated values through 2024!
Looking at HIP products specifically, we have explored:
Growth in all HIP products and senior-focused HIP products
Underwriting and Commissions for senior-focused products
Benefit specifics and Guaranteed Issue availability for senior-focused products
We also shared a review of the roller coaster ride that is the Tri-Agency rule. Hold on tight for this one!
Finally, we have assembled a primer on Hospital Indemnity products that you can download for free – our Product Essentials Guide. If you are ready to dig deeper into data on market size and key competitors, our Market Projection Report is available.
