Senior Medical Insurance
Senior Medical Insurance And The Baby-Boomer Generation
There has been a lot said about the baby-boomer generation lately. Are you part of that generation? What does that mean for you? If you listen to reports on the news it seems as though this generation is more demanding than our forefathers were. We expect different things and live life a totally different way. We demand answers to questions that past generations simply took for granted. We want to know why things are happening the way they are, we want to know how our taxes are being spent. We simply want to know. The same can be said about our health care. When we turn 65 how will our needs be met when it comes to health care and the rising costs? In addition to Medicare, that is where a good Senior Insurance Plan will come into play.
On the first day of the month that you turn 65 you are automatically enrolled in Medicare Part A, which will help cover your hospital stays, emergency services and nursing facilities. In addition there is a program that is federally funded that pays for doctor fees and outpatient care which is known as Medicare Part B. Generally there is a monthly premium for this insurance as well as deductibles and co-payments. Medicare Part A will cover 80% of the expenses for medical care and you are responsible for the remaining 20%. If you have a severe health condition your portion could get very expensive because there is not a cap on what you can be charged. This could mean financial disaster for some baby-boomers. A senior medical insurance plan or Medicare Supplements can help save the day. Once you are enrolled in Medicare Part A you are eligible to apply for a Medicare Supplemental plan during an open enrollment phase. This means that you can get coverage without going through the underwriting process and you will not have to answer any questions about your health.
Your Senior Medical Insurance plan will pay for 100% of your 20% portion, in addition it will pay for 50 to 100 percent of deductibles and co-payments required by Medicare Part B. For one low monthly premium you can have the coverage you need at a premium rate you can afford and that will fit into your budget, whether you or on a fixed income or not. Call your senior insurance agent today to get your coverage.
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