By The healthcare system can be a complex and confusing one for anyone, but especially for seniors. Many seniors have specific needs and health care costs are often a major line item in the budget. The goal is to find the best balance between getting quality care and being financially responsible.
As such, it is important to keep an eye on the most senior-friendly healthcare providers. There are a variety of factors to consider, including cost, coverage, network hospitals, and more. Here are a few tips on finding the best health insurance for seniors:
Medicare
Most people over 65 are automatically enrolled in Medicare Parts A (hospital coverage) and B (medical coverage). It is also possible to receive private health insurance through the NY State of Health marketplace. The center for Medicare & Medicaid Services also publishes a booklet called “Medicare & You” that gives an overview of original Medicare, Medicare Advantage plans and supplemental insurance also known as Medigap.
There are different types of Medicare Advantage Plans which vary by insurer. Generally, Medicare Advantage Plans require you to use only doctors, specialists and hospitals that are on the plan’s list of providers in order to get the best rates. You may also have to pay a monthly copayment and meet a deductible for each medical service.
Some Medicare Advantage Plans include prescription drug coverage. Others don’t, but most of the time, you can receive drugs for free or at a reduced cost through a separate Medicare Part D plan.
Some Medicare Senior-friendly health insurance providers for those over 65 Advantage Plans offer additional benefits like vision and dental care. You can learn more about these options by visiting the website of your preferred insurer. You can also choose a Medicare Advantage Plan that provides domiciliary care. This can be important for your elderly parents as it helps them avoid long hospital stays and ensures that they will receive the care they need at home. The Medicare Advantage plan you choose should provide a list of network hospitals near your parent’s home. Moreover, check whether the plan offers cashless treatment facility to make the process of availing medical insurance more convenient for your senior parents.
