Take a couple medications for blood pressure, lipids too high and your height/weight ratio not great? A problem getting major medical insurance may be looming in your future.
You may want to consider Medicare Supplemental Insurance. Supplemental insurance may not have the unlimited caps that other Health Plans have but it is more affordable and you won’t have to deal with a High Deductible Health Plan. Let’s say between your deductible and co-insurance you are at $15,000 out-of-pocket maximum. A little trip to the ER last month resulted in an $8000 bill. If you have a $10,000 deductible guess who pays the bill? A supplemental accident plan would have sent you cash to help pay the deductible.
Your family has no health insurance because you either can’t afford it or can’t qualify for it? Supplemental insurance can be a safety net for your finances and also give you peace of mind knowing you are no longer uninsured. Supplemental insurance plans will pay for out- of- pocket medical expenses such as deductibles, co-payments and coinsurance. They can also give you a cash benefit that can be used to cover lost income, food, medication, or any unexpected expenses that you may incur due to an illness or injury.
Aside from Senior Health plans there are three main types of supplemental health insurance available in the United States.
Click on the links below to learn more about them: