Medicare does not generally cover all medical costs. Out-of-pocket expenses can add up very rapidly, which can be frightening when you’re on a fixed retirement income. Most plans can be adjusted to include something designed just for seniors. Some of these plans are designed just to supplement Medicare, picking up that 20 percent of costs that Medicare does not cover. Other plans are designed to function as primary plans, moving Medicare into the position of supplemental insurance to fill in any gaps.
Health insurance quotes reflect widely varying monthly premiums for different plans, depending on what kind of plan is chosen, deductibles, coinsurance, and benefit limitations, if any. Rates may also fluctuate from state to state, so seniors enjoying the “snowbird” lifestyle of spending summer months somewhere cool and winter months somewhere warmer may be better positioned to find even more competitive health insurance quotes.
Continuing to use Medicare as primary insurance and purchasing supplemental insurance coverage to cover incidentals has many benefits. This method allows most patients to remain with their own doctor or choose their own specialist, instead of being limited to an HMO. Medicare also offers a fixed and predictable rate, which again is an important consideration on a retiree’s budget. Although supplement plans often require the patients fill out their own paperwork for reimbursement, this is a small price to pay for keeping finances from going toward inflated health care costs.
In addition to standard health insurance quotes, seniors may also be able to find health care assistance through non-profit organizations, veterans’ organizations, and senior advocacy groups. Some senior citizen associations have aligned together in order to get competitive group rates, available by becoming a member with that association.
It’s critical to find reliable insurance for our senior citizens, made even more important by the recent widespread damages to most nest eggs. Comparing online health insurance quotes is a great way for seniors to start saving in new ways.