There are currently about 600 million senior citizens in the whole world and every year they are growing in number. In 2010, there were 40 million people who were 65 and older in the U.S. And, by 2030, it is estimated that the senior population will grow to over 72 million.
Advances in medical technology and the availability of high quality healthcare are helping seniors live longer. But, as people live longer and grow older, there is also the need to provide them with quality health care. Check out health insurance quotes in Chicago and you will see health plans for seniors. So to answer the question, yes seniors can still get health insurance. However, finding the right coverage is not as simple as it seems.
If you are 65 or older, there are several ways for you to obtain health insurance. Keep in mind that the rising cost of healthcare treatments and services makes it difficult for just one plan to be sufficient to provide the protection that you need.
Good insurance coverage is very important because, as you age, you get increasingly susceptible to diseases and injury. Usually, adults assist their aging parents when shopping for senior health insurance, but you must make sure that you or your children understand your options. Here are a few options for senior health coverage.
This is a federal health insurance program for senior citizens. It is also for younger people who have disabilities or other serious medical conditions.
It is divided into four different parts. Medicare Part A (hospital insurance) is for hospitalization and home healthcare. Medicare Part B (medical insurance) is for covering medical services like visits with your doctor, annual checkups, mental healthcare, and X-rays. Medicare Part C (Medicare Advantage) is for getting Medicare coverage through private companies, and Medicare Part D is for covering prescription drugs.
This is a federal program that provides health insurance to seniors with low incomes. It is typically used in conjunction with Medicare to provide coverage for medical services and drug prescriptions.
Private health insurance
A private health insurance plan can be paired with Medicare to make sure that you have enough coverage. Medicare is a good idea, but it has limitations.
Ask your insurance agent about private insurance plans so that you know what exclusions they have.
Medicare Supplemental Insurance
This is meant to cover the things that Medicare doesn’t. In order to qualify for Medigap, you must be enrolled in Medicare Part A and Medicare Part B. Medigap will cover excess costs such as stays in the hospital and other medical facilities.
There are a lot of options available for the elderly and you can find the right combination of coverage by consulting an experienced insurance agent. Make sure to ask questions, so you’ll understand everything before making a final decision.