Having the right senior health plan to protect you is very important. No one wants to get caught with a bunch of unexpected medical bills. The first day of the month you turn 65 you should enroll in a senior health plan. There will be an open enrollment period of six months. While in this initial open enrollment period you may not be declined for coverage and your pre existing conditions would be covered. After the first six months, if you decide to go with a different senior health plan you may be subject to underwriting at that time. So, choose your senior health care coverage carefully.
Senior health plans are also referred to as Medigap plans or Supplemental Insurance Plans. The reason for that is they cover the “gaps” in Medicare. Medicare has deductibles, coinsurance and copayments you are still responsible for paying. Senior Health Insurance would alleviate yourself from these burdensome costs of medical bills and confusing deductibles and copayments. Some of the gaps that these insurance products would cover are hospital deductibles, doctor copays, pints of blood and out of country emergency care.
Senior health plans also include Medicare Advantage Plans. Medicare Advantage will generally have low premiums in exchange for doctor and prescription co-pays and replaces Medicare Part A & B coverage. To qualify for either Medigap or Medicare Advantage insurance you must be enrolled in Medicare and over the age of 65.
Medicare is a federal insurance program for adults of age 65 and older. Medigap and Medicare Advantage; on the other hand, is sold by private insurance companies, but these policies are regulated and standardized by the government. All senior health plans sold today must abide by policy standards, basic benefits and basic coverage. In 2011, there are 11 senior health plans offered. They are: A, B, C, D, F, G, K, L, M and N. Some carriers may offer a high deductible Plan F. Carriers are not required to offer all 11 senior health plans.
Unfortunately the task of finding the right solution for your senior health plan is not an easy task and that is why we have State Licensed health insurance agents waiting to help you find the best plan at the best price. REQUEST A QUOTE TODAY AND GET FREE EXPERT ADVICE.
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