Health Insurance Plans for Seniors

Quite often being an elder implies experiences issues with one’s health, and here is when healthcare system plan proves to be useful. The key program which is designed for seniors and the elderly is Medicare providing Health Insurance Plans for Seniors whose age is above 65. If your age is within the 50-65 range, you are categorized as pre-Medicare. In order to use the Medicare system, a senior supposed to have been working recently and paying the payroll tax. In the majority of cases the program allows a senior person to cut the expenses related to the medical sphere in half.

Health Insurance

Your ZIP Code:

Apply for the cheapest health ins policy here by zip code.

Feel free to compare various high rated plans on health insurance for seniors

To prove eligible for the Medicare plans (or parts of them), you must meet these requirements:

  • Being a legal US resident for at least 5 years or the US citizen.
  • You or your husband/wife (including ex-spouses) has paid taxes qualifying for Medicare for no less than 10 years (in case of failing to meet the requirement you will have to pay a monthly premium).
  • As to other cases to which Medicare applies, one can enroll in the program in case of disability and receiving special benefits for no less than 2 years (the period starting point is counted as the date of which you’ve been proved as a disabled person).

Medicare ensures provision of the following services:

  • Hospital services. This category concerns services delivered in hospitals.
  • Medical services delivered by healthcare practitioners.
  • Prescription drugs, yet this aspect is covered by the Medicare Part D.

Health Insurance for Seniors without Medicare

In case of not qualifying for Medicare, a senior is still supposed to be insured as it is determined by the law that every person living in the US must be involved in the healthcare system. If you fail to use your Medicare right and do not enroll in it, you are to buy a policy at the state-run Marketplace with subsidies or discounts not applying due to your rejecting the Medicare enrollment.

Unless you want to be fined, you can opt for one of these ways to get insured:

  • Obtain an individual policy the price of which is shaped with regard to standard criteria.
  • The most optimal and money-saving option is to keep on working: doing this, you’ll get coverage provided by your employer.

Health Insurance for Seniors over 65

The chance of having health-related issues and developing illnesses increases as we age, so insurance provision seems to be necessary since it brings you an opportunity to covers at least some part of the expenses you may have to face should the need for treatment arise. Remember that you are eligible for buying a plan at any time of the year upon retiring because it’s considered to be one of the cases counting for major changes in life (like marriage, child birth, etc.).

Medicare parts (A, B, etc.) are free, yet limited. Keep in mind that in order to have the minimum service coverage required by the law, one is to use at least the Medicare Part A, the necessary part ensuring provision of services normally delivered in hospitals.

In case Medicare is something you want to skip, the Marketplace is your key source of plans: there you can find the one you consider to be most appropriate and pay for it like any grown up person. The major drawback of this way is that you’ll have to spend quite a lot of money as refusing to enroll in the program plan in question (provided you have proved qualifying for it), which leads to the lack of tax reductions, thus making you pay the full sum.

To get insured if you’re a senior, follow these steps:

  • I. Having retired, use the period which starts upon signing the retirement documents to enroll in Medicare.
  • II. If the Medicare-sponsored system is not an option for you, the aim is to manage to find an appropriate plan using the Marketplace your state organizes within the specially designated period.

It may so happen that you turn sixty-five and your Medicare eligibility status is questioned. Under such conditions, you can get a discount on monthly premiums as part of plans available at the Marketplace as well as cut you out of pocket expenses. The factors affecting it are the same: the income and the family size.

Medicare is a good way of monitoring and treating your health provided to retirees as it brings benefits which would otherwise not be available to them. Besides, it saves you money you would have to spend on a common insurance plan offered at the state Marketplace. It does not cover all the kinds of treatment and drugs you may need at some period of your retirement, yet the hospital procedures the delivery of which is stated by Medicare helps you to use your state-sponsored health plan in case of emergency, which may occur at any time.

Note that you must specify your preexisting illnesses, which are the ones that had been diagnosed before signing the policy, to get proper treatment coverage. With the ACA introduced several years ago, seniors now have better opportunities for obtaining a document which ensures healthcare coverage (either full or partial).