The best Senior Health Insurance Policy is the one that actually works for you.
Medicare pays for much, but not all, of your cost for covered health care services and supplies. A Medicare Supplement Insurance (Medigap) policy can help pay some of the remaining health care costs like Copayments, Coinsurance and Deductibles.
Medicare Advantage Plans offer a way to get your Medicare Part A and Part B coverage. In many cases, you’ll need to use health care providers who participate in the plan’s network and service area for the lowest costs. These plans set a limit on what you’ll have to pay out-of-pocket each year for covered services, to help protect you from unexpected costs.
Medicare drug coverage helps pay for prescription drugs you need. Even if you don’t take prescription drugs now, you may want to consider getting Medicare drug coverage so you can avoid unexpected costs.
Critical illness insurance provides additional coverage for medical emergencies like heart attack, stroke, or cancer. Because these emergencies or illnesses often incur greater than average medical costs, these policies pay out cash to help cover unanticipated expenses where traditional health insurance may fall short. While hese policies come at a relatively low cost, the instances they will cover are generally limited to a few illnesses or emergencies.
Final expense insurance is a type of whole life insurance designed to protect your family by covering medical bills and funeral expenses when you pass.
Home care offers a multitude of services and benefits to the elderly, depending on need. Needs of the elderly are taken into consideration by individuals (usually from a Home Health care agency). Home Health aides as well as nurses provide medical services to the elderly in their home, which may include but is not limited to non-critical medical care and supervision, light housekeeping, companionship, errands, and shopping for the elderly.
A life insurance policy is a contract with an insurance company. In exchange for premium payments, the insurance company provides a lump-sum payment, known as a death benefit, to beneficiaries upon the insured's death. Typically, life insurance is chosen based on the needs and goals of the owner.
Hospital indemnity insurance (also known as hospital confinement insurance or simply hospital insurance) is supplemental medical insurance coverage that pays benefits if you are hospitalized.4 While health insurance pays for medical services after copays, co-insurance, and deductibles are met, hospital indemnity insurance pays you if you are hospitalized, regardless of any other coverage you may have.
Many seniors pay large out of pocket expenses for specialized care by optometrists, ophthalmologists, and audiologists, and even for routine care by their local dentists. These plans are designed to save you money to and provide excellent coverage in these vital areas of your health.
Your dental health affects your overall health. Make sure you have the coverage you need to take of dental issues in a timely fashion.