Blog Archives

Posted on August 24, 2013 by Johnbradbury

What are my choices?

Part A: Hospital Insurance
Medicare Part A coverage was first introduced in 1965 to help seniors manage the high cost of hospital care. After you pay an annual deductible, this insurance kicks in to pay for hospital stays, certain treatments and procedures performed in the hospital, care at a skilled nursing facility, and hospice care.

Part B: Medical Insurance
Medicare Part B was designed to pay for many of the health care costs not covered by Part A, including doctor visits and services, outpatient hospital care, physical and speech therapy, lab tests, blood transfusions, medical equipment and supplies, and ambulance services. This portion of basic Medicare is voluntary, and, because it is subsidized by Medicare funds, you’ll pay a monthly premium for the coverage.

Posted in Medicare Part A & Part B

Posted on August 24, 2013 by Johnbradbury

Medigap (supplemental) policies

You may have other health care costs that won’t be covered by either Part A or Part B of Medicare, such as deductibles and co-pay amounts, and certain other services, Unless you have other health insurance—for example, if you are a veteran, a union member, or a retiree with an employer health benefit—you may want to consider purchasing a policy that gives you the extra coverage you may need. To supplement Medicare Parts A and B, you can purchase a “Medigap” policy.  Medigap policies are offered by private insurance companies, and there are a variety of plans to choose from, based on the services you would want to have covered.

Posted in Medicare Supplement

Posted on August 24, 2013 by Johnbradbury

Part D: Prescription Drug Coverage

Prescription drug coverage is not included in the original Medicare (Parts A and B) or Medigap supplemental policies. So unless you have this coverage elsewhere—or it’s already included in your Medicare Advantage plan—you may want to think about buying a Medicare Part D policy to help pay for your prescription medications.

The plan you select for Part D coverge may depend on whether the plan includes the types and doses of medications you need (and how these fit with their formulary), how frequently you need them, and what pharmacy you use.

Posted in Prescription Drug Plan

Posted on August 24, 2013 by Johnbradbury

SENIOR DENTAL & VISION

Dental Insurance: Most of the dental insurance plans for seniors will cover yearly visits to the dentist completely. You will have to pay some amount for X-rays, but most plans reimburse a large amount of X-ray costs too. Even for fillings, cleanings, root canals, etc., it works in the same way. Special dental plans in insurance are designed especially for seniors. There are various options covering all possible treatments and procedures. They will however vary with difference in companies and policies. Seniors can take care of their dental health without finance being the hindrance.
Vision Insurance: Seniors are prone to more eye diseases like glaucoma , cataracts and macular degeneration. They also need glasses, especially bi-focals. These can be expensive but vision insurance will partially cover the expenses with a certain amount of copay (it is the amount that expected to be paid by the insured person for medical expense at the first time of the visit). Many insurance options will also cover the cost of contact lenses with a certain amount of copay. Vision insurance is the support to get through these problems with no financial difficulty.

Posted in Dental / Vision

Posted on August 24, 2013 by Johnbradbury

TERM LIFE INSURANCE FOR SENIORS

Once you earn the rank of senior citizen you really need to think about your insurance coverage. No one really wants to discuss “end of life” arrangements, but these are a natural part of life. Insurance is a way to plan for the future and make sure you do not leave your family penniless and destitute. With a solid insurance plan all of your final costs will be

Posted in Life Insurance