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Why Seniors Should Not Totally Depend on Medicare in the Golden Years
There are also supposedly two forms of Medicare now, not that they both are available to all persons. Three years later after Congress expanded health care options for seniors, they are just now getting access to a private fee-for-service plan. But so far, Sterling Life Insurance Co. of Bellingham, Washington, is the only company offering seniors a private fee-for-service option. The company started the plan in July and now it is available in all or parts of 25 states. This plan was supposed to be bettered designed, but obviously is not available as it should be. The other option of Medicare is the basic HMO. This service has all the same components as any other HMO, except the deductible and co-payments are higher. Many times, these plans are so high that many seniors can’t eat healthy and have the medications they need. What can you do to keep yourself away from these really poor options? You can invest in a good plan at a young age and at optimal health. Purchase privately so it is not limited to your work with a specific company. Having a well-known private insurance can benefit you in many ways. Many young people don’t think of what will happen when they retire. They find health insurance a money-sucking item instead of a necessity. As you get older and have a family, you tend to realize the importance in having insurance and usually carry a plan through an employer at a cheaper group rate. Most people even when they are ready to retire don’t think about what is next for benefits. You can get COBRA after retirement for up to 18 months, maximum. Now you will have to get a health insurance through a private carrier at a higher cost and possibly less benefits than if you had purchased the plan at 30. So it makes more sense to get the plan at a fixed rate when you are in your prime than to wait till after you retire. If you wait too long and get that higher cost plan, you may find out as you get older and older and your health declines you can’t afford it or it doesn’t cover some of the things you may need and Medicare won’t help with either. Another option for seniors and other people who want to prepare for the future is Long-Term Health insurance. This will provide assistance when and if the day comes that you or your spouse needs assistance with everyday tasks that require a nurse or helper. This can help ease the burden of paying for in-home support or care, assisted living facilities, and nursing homes. It can also help with funeral expenses and burial costs. This is a great investment for any person who knows they either won’t qualify for medicare or will have to lose everything to get that assistance. It is better to invest at a younger age so the benefits can at their optimum when you have to call on them. Plus, you would hate to lose everything and have your children stuck with your nursing home bills and death expenses. Most everyone wants to leave their family a little something when it is their time to go. However, bills and debts that remind them of sadness aren’t what most people have in mind. DISCLAIMER: This information is for educational and informational purposes only. The content is not intended to be a substitute for professional advice. Always seek the advice of a licensed Insurance Agent or Broker with any questions you may have regarding any Insurance Matter. About the author of: Why Seniors Should Not Totally Depend on Medicare in the Golden Years Thomas Hunter is an Internet marketer, author and publisher and has helped hundreds of people save money on their health insurance. Visit us at http://DiscountOnlineQuotes.com spend 5 minutes and get your no obligation Health Insurance Quote. Article Source: http://netsalesinc.com If you have a website or ezine you may freely post this article on your site as long as you include the full resource box above. All links must be active / clickable with no syntax changes.
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