Is Your Health Care Taking Care of You?

Is your health care taking care of you? Yes, Health Care Reform or Obamacare is now law and a tax. This means everyone will have options to protect their family or attempt to protect their families. Health Care Reform in my opinion helped many people that could not get coverage, but it will come with a hefty price tag. Some companies that had great insurance programs also had to rethink strategies when it came to covering you. Why? Well if the insurance companies are at a higher risk financially, they had to spread out their risks. This comes into increasing premiums even to the healthy individuals. Now, you may be thinking, but it has to be affordable. This is true if you have just the required coverage, and the fact is the deductibles are increased.Feeling Like You Have Been Left Out In The Cold?

(adsbygoogle = window.adsbygoogle || []).push({});
I have talked to many people and they thought they were covered, but after talking to them, the general consensus is they were not. When they looked at the co-payments and deductibles, many felt that just meeting the general sickness that a family would have or the broken bones, that they would be out in the cold and impacted financially.I have also been told that they feel like they are insuranced out. They say too many insurances being required. I get this. In a recent Harvard Study, it shows 80% of people are living paycheck to paycheck. So, if insurance is not covering them financially, they wonder what they can do. Taxes and insurance eat up the paycheck.How Do I Protect Myself?Let’s talk just one second about insurance. Property and Causalty (Home and Car typical) pays mortgage and auto companies to protect the assets. Now sure, your car insurance can pay medical cost of someone you are in an accident with but often you are left off the list of getting coverage to help you. Even if your auto insurance has medical for you, they are still paying hospitals and doctors.Then you have Life Insurance. Who will that pay? Well, definitely not you unless you have a policy that will pay you if you obtain a certain age. But it will pay for your final expenses and any extra will go to your beneficiary.Then you have Major Medical. Is that to help you? No! You get treated and then the doctors and medical facilities are paid. As I discussed earlier, you have additional costs that your insurance is not covering.

(adsbygoogle = window.adsbygoogle || []).push({});
The last is Disability Insurance and if you have an unfortunate situation, this is money that is paid to you. However, the government will not allow full income protection. Could you survive on a percentage of your pay especially when we saw the statistic of 80% living paycheck to paycheck.We also have statisitics that 60% of bankruptcies are due to medical issues and 77% of those people had major medical insurance.I know this sounds like there may be no hope, but there is. Just like with Medicare, you can find ways to supplement your insurance. Most supplemental insurance will send you cash for family living expenses if you are injured or illnesses. Such companies that can help you are Colonial or AFLAC. They are based upon indemnity plans where events that occur trigger cash payments to you.

The Simplistic Truths Of Medicare Supplement Insurance

The Medicare system of health coverage is an incredible benefit bestowed upon citizens of this country at the required minimum age. This health coverage program was designed for seniors that are in the phase of their life where they are not employed and still need a level of health coverage in order to remain healthy and able to function on a normal basis. Today, there is a new trend of coverage that is offered in addition to Medicare that is a very popular topic right now which makes the basic knowledge of Medicare supplement insurance be in very high demand right now.The coverage offered from Medicare truly only covers up to 80% of total health care costs. The remainder of the expenses are required to be paid for out of pocket which could prove to be incredibly expensive for those with various different health conditions and ailments. Thus, many seniors are now purchasing the supplement insurance to help pay for the remaining 20% of expenses.

(adsbygoogle = window.adsbygoogle || []).push({});
As the overall knowledge and demand of this form of insurance has increased lately, there are now countless options to choose from. This could truly make for a somewhat confusion purchasing decision overall. When knowing what this type of coverage is and how it could benefit you, it could make the decision making process much simpler overall.Currently, there are actually 12 different types of supplement coverage available on the market today. Labeled A through L, there are different degrees of coverage as well as premium costs depending on the level of coverage desired. There are also much different co payment structures built into these plans as well.The most basic and affordable Medicare supplement insurance available today is the Medicare Select health coverage plan. This is very affordable and offers a basic coverage amount and lower co payment level. The use of very specific doctors and hospitals is a stipulation of coverage under this plan.

(adsbygoogle = window.adsbygoogle || []).push({});
Fortunately, these coverage options are very closely monitored and distributed. Basically, this means there is very little to no coverage options between the carriers that offer them. This often makes the purchasing decision very easy and allows for a very fair system of providing coverage to all that need it.Any Medicare supplement insurance should be purchased within six months of obtaining Medicare. This time frame makes it illegal for any supplement insurance provider to deny coverage based upon pre existing conditions. Thus, ensure this type of coverage is considered immediately upon receipt of Medicare.

Affordable Health Care Supplemental Insurance for Seniors

By the time seniors are considered “seniors,” they usually have a nice little retirement nest as well as health and life insurance policies to fall back on. Maybe they are widows or widowers who have pension plans from their deceased spouses. Of course, this is the idea situation for the senior.Many seniors in American do not have enough health care insurance to adequately cover their medical needs and prescription drug medications. This is where health care supplemental health care insurance for seniors comes into play, and aside from Medicaid and Medicare, there are ways to get affordable health care supplemental insurance for seniors.

(adsbygoogle = window.adsbygoogle || []).push({});
Consider these four tips when looking into affordable health care supplemental insurance for seniors:Those who join at an early age get the best rates. However, that doesn’t mean seniors aren’t eligible. Actually, seniors are probably the most common health care supplemental insurance policyholders.Don’t lie about your current health condition. Stretching the truth may seem like a way to get more affordable rates for your health care supplemental insurance, and yes, it’s true that premiums are usually based on past and current health conditions, but lying will always catch up with you in the end, especially if there comes a time when you need that supplemental insurance and the insurance company refuses to pay because you gave false information when applying.Think of any groups or associations to which you belong. These organizations may be able to help you obtain affordable health care supplemental insurance for seniors.

(adsbygoogle = window.adsbygoogle || []).push({});
Once you have a plan, stick to it. You may end up purchasing a health care supplemental insurance plan for seniors that doesn’t quite fit your needs or your budget. That doesn’t change the fact that you need supplemental insurance, though. Stick to it until you’ve found a better, more affordable health care supplemental insurance for seniors. In other words, never cancel until you have a back-up plan.

How to Get Affordable Supplemental Health Care Insurance for Seniors

Are you familiar with supplemental health care insurance? Many people are not; these days, most people sign up with their employer-sponsored health care insurance plans, or purchase individual health care insurance plans if their employers do not provide health benefits. While these methods work for many individuals, seniors should consider purchasing affordable supplemental health care insurance.Below are some of the most frequently asked questions about supplemental health care insurance for seniors.What is supplemental health care insurance?

(adsbygoogle = window.adsbygoogle || []).push({});
Simply put, supplemental health care insurance kicks in and pays for what your regular health insurance policy does not.Why should seniors consider purchasing supplemental health care insurance?Seniors don’t always have the steady income that younger individuals have. If a senior’s regular health insurance plan doesn’t cover a significant portion of health care services, it may be difficult for the senior to pay for the gap between what is covered and what is not. Some seniors have a nest egg set aside to handle situations such as these; some even have separate insurance policies they can fall back on, such as life insurance policies. However, not all seniors have the extra money set aside to cover the gap in health care insurance; an affordable, supplemental health care insurance would work for them.What does supplemental health care insurance provide?The kind of coverage available with an insurance plan always depends on the insurance company from which you purchase the plan. Many supplemental health care insurance plans offer cash benefits and compensation for lost income. Some supplemental health care insurance plans even cover pre-existing conditions; pre-existing conditions are prevalent among seniors.

(adsbygoogle = window.adsbygoogle || []).push({});
Do I need supplemental health care insurance if I already have Medicare?Yes, having an affordable supplemental health care insurance plan is especially wise for seniors with Medicare, as Medicare doesn’t often cover long-term health care, care provided at home or in a nursing home, or the costs of prescription medication.

How to Get Affordable Supplemental Health Care Insurance for Seniors

Our older years are supposed to be our golden years, yet many seniors are faced with financial burdens they shouldn’t have to deal with – especially after long lives of education, taking care of families, working, and paying taxes! Where’s the fun in the golden years if they’re spent worrying about how to pay for the left over health care costs that Medicare failed to pick up?That’s where affordable supplemental health care insurance for seniors comes into the picture. By purchasing an affordable supplemental health care insurance policy, seniors can rest assured that all of their health care costs will be covered, and not just the health care Medicare covers.

(adsbygoogle = window.adsbygoogle || []).push({});
When seniors purchase an affordable supplemental health care insurance policy, they can stop stressing about the next health care bill the mailman drops off. After all, if you already have health care insurance, you shouldn’t have to worry about health care coverage and costs, right? Wrong. Some health care insurance, such as Medicare for seniors, doesn’t cover all health care costs. Luckily, with an affordable supplemental health care insurance policy, seniors won’t have to stress anymore.Many health insurance companies offer affordable supplemental health care insurance policies that are perfect for seniors; however, Medicare offers several affordable supplemental health care insurance policies for seniors as well. When choosing an affordable supplemental health care insurance plan for seniors, the goal is to choose a plan that isn’t going to cost anymore than paying for the additional health care costs out-of-pocket would cost. Many seniors are on limited incomes as it is, so considering one of the plans Medicare offers is a good start.

(adsbygoogle = window.adsbygoogle || []).push({});
Medicare plans include the original Medicare with Medicare Supplement plan; the Medicare Part D plan which offers prescription drug coverage; the managed care plan, which includes HMOs, PPOs, POS, and cost plans; the Medical Savings Account Plan; the Religious Fraternal Society Benefit Plan; and the Private Fee-for-Service plan.