Short Term Recovery insurance helps pay for hospitalization and home recovery care services that Medicare doesn’t cover. It can provide extra funds to pay for hospital deductibles and cost-shares as well as for expenses related to home recovery care, including physical therapy, occupational therapy, speech therapy, nursing care, companion services, home health and homemaker services.

At a Glance

When you're recovering at home after a hospital stay, you want to keep your self-reliance — stay in control of your health care choices — and get well quickly. But without a backup plan, you may find out too late that you can't afford the home recovery care you want. You could end up settling for home health care that's just not up to your standards.
 

You could use your savings or retirement income to help pay for home recovery care or you can enroll in your association's Short Term Recovery Insurance Plan. This member benefit was designed and negotiated to help with expenses Medicare may not cover. (Medicare covers a lot, but it was never meant to cover everything.)
 

The Short Term Recovery Plan provides cash benefits for Hospitalization for a covered injury or sickness and your recovery afterward. The recovery benefit is provided for the following  services including physical therapy, occupational therapy, speech therapy, nursing care, companion services, home health and homemaker services.
 

With the Recovery Plan Hospital benefit, you'd collect $750 once you're admitted to a Hospital or Skilled Nursing Facility as an Inpatient for at least one day due to a covered sickness or injury - regardless of whether you need home recovery care later.
 

And, if you find you need longer care, you'd collect an additional $500.00 after 14 days staying in a Hospital or Skilled Nursing Facility. Another $200.00 after 30 days in the Hospital! That's up to $1,450.00 in cash benefits you could get paid to use toward your recovery care. Benefits are paid directly to you or to anyone you designate.
 

The Home Recovery Care Benefit pays you $200.00 in cash benefits for each day (from the very first day) you incur a covered home recovery care expense. Benefits are paid up to 40 days per year (maximum 20 days per occurrence).  That's up to $8,000.00* in lump sum cash benefits paid directly to you or you may assign benefits to be paid directly to the Hospital or any other health care facility in which you received care up to $9,450* each year.
 

*At age 80 the home recovery care benefit would reduce to an annual maximum of $4,000.00 for covered services.
 

Hospital Indemnity Form Series includes SRP-1151, or state equivalent