Senior health insurance

People at the age of 65 or getting older comes into the eligibility of social security and they qualify for receiving Medicare health insurance coverage. Apart from getting all the benefits of Medicare also, some seniors want more advantage than what they are getting. Therefore they decide to go for some private insurance which can supplement the Medicare policy. Let us discuss the health insurance supplementary plans that rein the market for senior citizens.

Medigap

Health Insurance which the old people purchase as a supplement of their Medicare policy is often called as the Medigap insurance. As the very name suggests the Medigap is actually meant to fulfill the gaps which Medicare leaves in the treatment, for the senior citizens. Medigap usually meet the individual needs; such as they can cover deductibles, prescriptions, and also long term nursing care. The premiums generally vary with the coverage of the plan chosen. As long as you pay the premiums regularly, the insurance is guaranteed to renewable. The interest rates of supplementary health insurance vary among the various agents. Thus it is always wise to get the complete rates first over the internet, before buying one of them.

Long Term Care Health Insurance

The other type of insurance that seniors choose as a supplemental to Medicare is long term care insurance. This insurance is specially to cover the long term care. They include several services as the staying in nursing homes and the assisted living facilities. Whereas Medicare covers only a stay for first 100 days in the nursing home, the long term care insurance can bear the extended stays in both the cases. Thus, if an extended stay becomes necessary in a nursing home or assisted living facility – long term health insurance is very much helpful in such situations. Purchasing such insurance removes the worry of having to pay for extended stays in a nursing home or assisted living facilities. Long term care insurance also gives the facility to the patient to choose the best plan available in the nursing home.

Medicare coverage is an excellent option for the people of age 65 years and above. But those who can afford it, they look forward into additional coverage options which can ensure them to get the full quality of health care that they require