I had talked about high health insurance premiums others pay in Why are health insurance premiums so high.
This doesn’t include the elderly who have to pay for any medicare out of their social security who opt to have this type of insurance. Many elderly have found that medicare doesn’t pay enough on their medical expenses. This leads them to have to obtain supplemental insurance so they are able to have more of their medical expenses paid. This seems even more unfair since the elderly have more than put their time in to draw their social security. Even the elderly who can’t afford to take the medicare payment out of their social security are uninsured. This leads them to not having any type of insurance. Yet another area of health insurance that can be taken care of for the elderly rather than cutting things the elderly need to survive.
My mom and an aunt have medicaid and they pay about $99 a month for the plan they have. My aunt found even this amount beat not having any health insurance. She had a heart attack several years before she was able to draw Social Security and obtain this insurance. At the time she had her heart attack she didn’t have health insurance. She said all of her doctor and hospital bills totaled over $300,000. She is still paying on this amount. This leads me to the next topic of health insurance coverage.
My aunt and mom have a supplemental health insurance plan to help cover health costs medicare doesn’t cover. They have found this helps them with any medical issues they have run into; including hospital stays. I know of a few others who use health insurance supplements to help them cut the costs of their medical costs. These people are in their doctor’s offices several times a year due to health problems they have.
The only downfall they have found with these supplemental insurance plans is they are far more strict on them following the health providers list. If they don’t use a physician or other things like home health care, they won’t pay for it. They have also found they fall into a donut hole with their prescriptions if they exceed the limits. My mom said even though she has to pay at the end of the year in full for her prescriptions, she’s glad she doesn’t have to pay that amount all year.
Resources for Elderly Supplemental Health Insurance Plans
Evercare: Medicare Advantage Plans
This supplemental senior health insurance is available in Idaho, Minnesota, Massachusetts, Arizona, New Mexico, Texas, Florida, and Hawaii who are on Medicaid.
AARP Health Insurance Products for Those over 50
I chose to list AARP health insurance products because those who are 50 and over can choose to have supplemental health insurance coverage through them. There is a section for those who are 65 and older who are on Medicare too. They are backed by United Healthcare.