Senior citizens we work with have legitimate concerns about how they can afford health insurance. Many retired individuals have grown concerned about the high costs of medical treatment. What’s even more worrisome is limitations to their existing coverage. And these are perfectly good reasons to start looking for affordable alternatives.
When you reach 65 years old, you immediately become eligible
for health coverage through Medicare. An exception to this rule
is when seniors have certain medical conditions – they too will
then qualify for coverage. However, Medicare isn’t actually
enough to pay for the high costs of medical treatment today.
There are a handful of cases where such coverage doesn’t cover
prescription drugs or certain medical services. Thus, getting
additional insurance is considered.
Most seniors get Medigap insurance to cover medical services that
aren’t covered by Medicare. Private insurers offer this supplemental
coverage. Its cost varies depending on the particulars of coverage,
as well as the insurer. Different types of coverage include:
• Plan A: This provides the most basic health coverage. It is often
also the most affordable plan.
• Plan L: It offers low premium payments, but high deductibles.
Therefore, you’ll get higher out-of-pocket expenses.
• Plan N: It requires co-payments every time you visit a doctor.
The federal government regulates the benefits of the
plans offered to senior citizens. They require every
insurer offering Medigap policies to provide the same
benefit coverage from one state to another. Thus,
regardless of where they decide to live, seniors will be
receiving the same kind of benefits depending on their
Only you can determine the best Medigap plan that will
cover your future needs. Since this can be a very confusing
process, most insurers offer a free consultation to seniors
to help them understand the options available and decide
which coverage suits their needs.
Finding affordable health insurance is important, especially
for the retired individuals. While Medicare is affordable, it
may not be the answer to all your health needs. Thus,
finding a reliable supplemental coverage is vital to ensure
that you’ll get the quality care you are paying for.
NorthWest Benefits Solutions is an independent agency that is dedicated
to providing affordable health insurance solutions to senior citizens
throughout Oregon. Get a free quote here and discuss your options with
us! Call us at (888) 780-7762 or visit us today!