Supplemental Insurance to Medicare
Medical insurance and medical coverage can be obtained
from private providers to help pay for doctor and hospital care costs
not covered by Medicare through private "Medigap" or Medicare
Supplemental Insurance, Health Maintenance Organizations - HMO's, or Medicaid/MediCal.
Medigap or Medicare Supplemental Insurance
Legislation has standardized this insurance into ten
plans. They are referred to by letters A - J. The plans vary in how they
reimburse for Medicare covered services. Medicare Supplement plans are
designed to cover the out-of-pocket costs not covered by Medicare alone.
Plan A supplements are very basic. Plan J supplements are quite comprehensive.
We can quote rates for all plans from several insurance carriers.
Health Maintenance Organizations (HMO's)
HMO's accept government Medicare payments as premium
payments. They may provide patient treatment using co-pays and annual
maximums. When using a Medicare HMO you must use health providers (doctors,
hospitals) that are contracted with that health plan or you will need
to pay for the entire cost. In the southern California area only, we can
help you enroll with several HMO plans.
Long Term Care Insurance
Long Term Care includes a wide range of medical and
support services for people (of any age) with a degenerative condition,
a prolonged illness, or a cognitive disorder. Long Term Care involves
providing assistance with the activities of daily living (eating, mobility,
toileting, etc.)
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are basically three ways to pay for the costs of Long term Care: |
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Cash |
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Medicaid/Medical |
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Private Long Term Care insurance |
In order to justify the purchase of private insurance,
you need to have ample personal assets worth protecting. A rule of thumb
for private insurance is if you can pay the insurance premiums without
having to change your lifestyle, you should consider transferring the
risk to the insurance company.
Final Expense Insurance
Final expense insurance is a fairly inexpensive and
efficient way to pay for funeral expenses. With the average burial funeral
exceeding $5000, Final Expense Insurance can eliminate the burden of these
expenses for your family. While cremation is a lesser expense, the costs
can easily exceed $1000. Final Expense Insurance can also be used to pay
for cremation expenses.
Please contact us with your questions regarding Senior
Insurance: Contact Us |
