Health Insurance For Senior Citizens – Why Are They So Hard To Insure?

Private health insurance for senior сіtіzеnѕ іѕ vеrу hard to соmе bу. As you get older, іt bесоmеѕ mоrе prevalent that соmmеrсіаl іnѕurаnсе соmраnіеѕ don’t want tо соvеr оldеr Amеrісаnѕ. Sіnсе thе creation of Mеdісаrе, there is no іnсеntіvе to соvеr ѕеnіоr citizens bесаuѕе most buу іntо thе Mеdісаrе system аnуwау. Even thоugh thіѕ may bе truе, thеrе аrе ѕtіll ѕоmе older Amеrісаnѕ whо nееd tо buу private health іnѕurаnсе. Sо lеt’ѕ take a look at some оf thе main rеаѕоnѕ whу gеttіng insurance fоr them саn bе dіffісult.

Your Agе Iѕ a Dominant Factor.

Thеrе are a numbеr of rеаѕоnѕ why ѕеnіоr citizens саn’t gеt hеаlth соvеrаgе. Fоr starters, a lot оf hеаlth insurance соmраnіеѕ look аt your age. When реорlе ѕtаrt getting оvеr thе age оf 50, thеу аrе рrоnе tо have mоrе illnesses, thеу see the dосtоr mоrе often, and they might hаvе mоrе hospital ѕtауѕ. Sо the rіѕkѕ of іnѕurіng аn older person fаr оutwеіgh the bеnеfіtѕ. We all аgе ѕо whу іѕ thіѕ ѕuсh an іmроrtаnt fасtоr?

Thе Cоѕt Of Ensuring An Older Person Iѕ High.

Duе tо thе fасt that thе еldеrlу are prone to so mаnу соndіtіоnѕ and wіll nееd ѕо muсh саrе, thеrе аrе mаnу companies who consider thеm tо bе a bіg risk. Thе аvеrаgе hоѕріtаl ѕtау оf a person over the аgе of 50 іѕ lоngеr than ѕоmеоnе іn their 20’ѕ аnd 30’s. Younger people heal аnd rесоvеr a lоt quicker thаn оldеr adults ѕо thеіr cost реr trеаtmеnt is lеѕѕ. Inѕurаnсе companies know аррrоxіmаtеlу hоw muсh they hаvе tо рау оut fоr each age grоuр аnd tаkе аll thеѕе thіngѕ іntо соnѕіdеrаtіоn when рrісіng policies.

Prе-Exіѕtіng Cоndіtіоnѕ аrе Nоt Inѕurаblе.

If you have a рrе-еxіѕtіng соndіtіоn lіkе diabetes оr high blооd pressure, іt іѕ mоѕt of thе tіmе nоt іnѕurаblе. Maybe wіth thе new hеаlth саrе reform, thіѕ wіll change. However, whаt dоеѕ a рrе-еxіѕtіng соndіtіоn tell an insurance company? It tеllѕ thеm that уоu mау nоt dо a gооd jоb іn taking care оf yourself оr you hаvе bаd eating hаbіtѕ. Sо why іnѕurе ѕоmеоnе whо could have роѕѕіblу prevented ѕuсh conditions bу not drinking, nоt ѕmоkіng, and not overeating. This mау nоt bе fаіr but іnѕurаnсе соmраnіеѕ аrе in thе business оf mаkіng mоnеу fоr thеіr investors.

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Thе last thіng thаt уоu wіll fіnd is thаt many times, ѕеnіоr сіtіzеnѕ саn’t afford the іnѕurаnсе. Even іf they find a соmраnу wіllіng tо insure them, many are retired аnd are оn a lіmіtеd іnсоmе. Thе соѕt оf рrеmіumѕ аlоnе саn еаt uр аnу rеtіrеmеnt check оr реnѕіоn іnсоmе. Mаnу have to сhооѕе bеtwееn іnѕurаnсе оr kееріng a roof оvеr their heads.

Gеttіng hеаlth insurance fоr ѕеnіоr citizens іѕ still a big сhаllеngе fоr many. Mаnу hаvе nеvеr paid іntо the social ѕесurіtу ѕуѕtеm аnd аrе nоt еlіgіblе fоr Medicare аnd рrіvаtе іnѕurаnсе is wау tоо еxреnѕіvе. Hореfullу, thе new hеаlth care rеfоrm will аddrеѕѕ many оf these issues оthеrwіѕе whаt options dо these ѕеnіоrѕ have.

Medigap Medicare Supplement

As the name suggests, Medigap Medicare supplement insurance is supplemental insurance for Medicare coverage. Medicare is a health insurance coverage provided by the government of United States for individuals above the age of 65 and for people with qualifying conditions (amyotrophic lateral sclerosis and end stage renal disease). The insurance covers a number of health care expenses but it leaves some existing gaps which Medigap Medicare supplement Insurance is formulated to fill.

The existing gaps in Medicare coverage arises from the fact that Medicare does not cover for all medical services. The health care expenses which Medicare does not pay for include majority of hearing aids, dental care, most eye care including eye glasses, alternative surgery, cosmetic surgery, and experimental procedures and treatment.

Medigap insurance also helps to cover the part of your medical costs that is not paid for by Medicare. These are the deductibles, coinsurance, and copayments which arise because typically Medicare does not pay all of the medical costs they cover and beneficiaries are required to foot the remaining part of the bill. Normally, you can only expect that Medicare will pay about 80% of your medical and hospital bills.  Go to the following site for more information https://www.bestmedicaresupplementplans2019.com/

Medigap Medicare insurance is provided by private insurance companies that have the authority to sell these plans by CMS (Centers for Medicare and Medicaid) – an arm of the United States Department of Health and Human Services (DHHS). CMS is saddled with the responsibility of administration of Medicare. They also ensure that the private insurance companies are discharging their duties within the ambit of federal and state laws.

These private insurance companies are permitted to sell 10 Medigap Medicare supplement insurance plans. These plans are labeled with the letters A through N. The standardization of the plans is done by CMS. Basically, all the plans offer the same minimum benefits. Plan A offers the least benefits and the most benefits is offered by plan N. The standardization is done to makes sure that the different private insurance companies offer the same benefits under each plan. The cost (insurance premiums) of the plans they offer is the only difference between the different insurance companies.

The private insurance companies who sell the Medigap Medicare supplement insurance plans do not need to offer all 10 plans. They are however, required to offer a minimum of plan A. They are also required to offer either plan C or F, in addition to plan A, if they choose to offer more than one Medigap plan.

The open enrollment period is the best time to sign up for Medigap Medicare supplement insurance plan. This is because federal law which the private insurance companies are bound by requires them to sell to you any plan you want even if you have a pre-existing medical condition. The requirement however, is that you must have signed up for Medicare Part A and Part B.

When shopping for a Medigap Medicare Supplement insurance policy, please not that the Medigap cost will not be the same for all companies. Hence, it is good to shop around since each plan has identical coverage.

Network Marketing For Seniors

A number of elderly and seniors can be seen working menial jobs in fast food or retail stores. Even though they might be working on a part-time basis for the social aspect & for keeping themselves engaged, many require that some extra money which they can use to support their needs. Their day-to-day living costs might have decreased, however, it’s also a fact that their medical prescriptions have probably risen in these years.

 

Even wealthy folks like to work well over their regular retirement age simply because it helps them stay engaged and busy.

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For seniors wanting to make some cash without losing their freedom, MLM or network marketing industry provides people with an opportunity to start a work from home business with a minimal starting capital. It offers anybody an opportunity to enjoy financial freedom through dedicated effort & hard work. Although most individuals who try their luck in network marketing find it difficult to make any substantial cash, seniors are, in fact, among the top leaders in this field who’re achieving or have already achieved true financial freedom.

advantage plans in 2019

The fact of the matter is that older folks are able to enjoy plenty of benefits from a number of products sold via network marketing. As you may have already heard or seen, quite a few products in the healthcare industry are sold using this medium. For instance, you can see an increasing number of liquid nutritional pills along with different multi-vitamin supplements are already being sold using network marketing.

 

Skincare and cosmetic items have been marketed using mediums like the MLM for a number of years now. Majority of these networks have also added anti-aging items in their lines. Such products are greatly demanded by people who want to look young forever.

 

Through network marketing, you are your own boss and hence are able to work on your own pace. Those wanting to earn plenty of cash tend to spend most of their time working at it so as to achieve the lifestyle they desire. Even if you just want to earn a side cash, you can still make it work with consistency and dedication. Believe in your own abilities. Adjust your plan of action and keep moving forward since you never know what things will work & what won’t till you start. The fact is, you can achieve success in every single thing that you decide to do provided you have a positive attitude towards yourself and your life.

Medigap Cost

One needs to spend a good deal of time to examine Medigap cost. When considering the available options for supplemental medical insurance, the Medigap insurance plan is a very useful addition to the health plan of retirees, especially if one expects plenty of doctor visits and medical procedures. However, considering the variety of Medigap options and the associated cost for each one, every individual needs to take as much time as required so as to pick the best plan in terms of financial suitability and actual health benefits.

As regards Medigap cost, the first thing to remember is that Medigap plans are structured in such a way that all insurance companies offer the same type of Medigap plans. For instance, Medigap Plan N from Insurance Company A will offer the same benefits as Plan N from Insurance Company B. The major benefit to this is that it simplifies the task of comparing one plan with another.

For a company, the final price would depend on a combination of pricing schemes that they make use of, the state where the plan is being offered, the prevailing overall market for supplemental medical insurance policies, and their perceived reputation in the market.  Get a quote at https://www.medicaresupplementplans2019.com/aarp-medicare-supplement-plans-2019/

To shop for insurance policies, it is imperative therefore that you are familiar with all of these factors so you can find the most competitive prices for the plans under consideration.

The pricing scheme used is one important aspect of the Medigap market that you need to get familiar with. One of three schemes is used by companies to help determine how much their Medigap plans are priced.

  • Age-attained plans.

The premium price for this plan is based on the age of the plan-holder and increases progressively each year as the age of policy owner increases. A Plan C policy may cost $145 per month in Year 0, $153 per month in Year 1, $160 per month in Year 2 and so on. The plan price here will be lower at the onset but will increase incrementally per year.

  • Issue-age.

For this Medigap cost scheme, companies determine the premium price based on the age of the policy holder when the plan is first acquired and there are no subsequent increases in premium costs to be expected.

Using the previous example, let us assuming Year 0 corresponds to an age of 65. If a policy holder enrolls for the plan when he or she is 65 years old, the premium price will be $145 per month and will remain so for the duration of the life of the plan. If the same individual enrolls for the plan when he or she is 67, the premium price will be $160/month and will remain the same for the duration of the plan. Please note however that issue-age policies usually cost higher in Year 0 than the age-attained plans.

  • Community-rated plans.

In this plan, the price for the premium is fixed except it changes for everyone and remains the same for everyone regardless of age. This plan is often used by companies that have a wide clientele because it is a very good way to attract clients as it has a lower average cost.

 

Medicare Supplement Plan N – A Great Alternative to Medicare Advantage

Why is it that Medicare supplement plan N is a smart alternative to Medicare Advantage plan? Every year, Medicare Advantage plan is subject to change. The premium can increase, the benefits may change, or the plan may not renew for the next year.

What if you are not comfortable with the changes? Or maybe your Medicare Advantage plan is not renewed for the next year. You need to consider Medicare supplement plan N as a viable alternative. In June 2010, Plan N was introduced as one of the new Modernized Medicare supplement plans. Medicare Plan N guarantees more freedom than an Advantage plan, and also lower premiums than many other Medicare supplement plans. Sometimes, it will have premiums lower than some of the Medicare Advantage options which are available. The Benefits are fairly comprehensive and they include:

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Medicare Part A:

  • Part A hospital coinsurance
  • Part A hospital deductible
  • Blood
  • Skilled nursing facility coinsurance
  • Hospice co-payment/coinsurance

medicare advantage (plan(s) 2019

Medicare Part B:

  • Other Benefits
  • Blood
  • Part B outpatient coinsurance

The premium for Medicare supplement plan N is less than that for other supplements because some of the outpatient costs will be shared by the policy holder. If you sign up for this supplement, you will be responsible for:

  • Up to a $50 co-pay for an emergency room visit
  • Up to a $20 co-pay for doctors visit
  • The Part B deductible – currently $155 annually

Another reason why Medicare supplement Plan N is a smart alternative to a Medicare Advantage plan is that when you purchase plan N you are not affected by any network restrictions like most Advantage plans. Also, supplements provide standardized benefits from one company to another and are readily accepted by medical providers. And because these are plans are standardized, it is easy to compare one company with another. The difference between plan N for one company and the same plan for another company is the price and level of customer service.

Apart from the little co-pays for ER visit and doctors visit, your out-of-pocket expenses will be very little. For inpatient hospital stays, there are no required daily co-pays or deductibles. For some outpatient procedures, you may have fewer out-of-pocket expenses. Many Advantage plans require the same coinsurance levels as other medical services and original Medicare for outpatient surgery. Plan N supplement will cover for the 20% coinsurance for outpatient surgery that Medicare does not cover for. Unlike Advantage plans, plan N is not an annual plan which is subject to enrollment periods. Most providers are offering plan N with fewer underwritings and in many cases, pre-existing conditions are not relevant. You are guaranteed an acceptance into a Medicare supplement plan if your Medicare Advantage plan is not being renewed.

Supplements cover for the gaps left by Medicare. Generally, you are not given additional benefits, like vision, dental, or gym membership. Hence, you need to determine the importance of these ancillary services as opposed to the level of coverage and freedom offered by the supplement.

 

4 Benefits of Practicing Yoga

Many studies have shown that being active can have a great effect on the health of the seniors. There are various ways and forms for the elderly people to stay active. One notable exercise program is the concept of Yoga.

This fitness practice is perfect for seniors who want to keep their brain sharp, muscles strong and to keep stress down. Yoga can be a great part of a combined physical exercise program for elderly people. This is based on the fact it has a positive effect on calming the mind and keeping the body active. Yoga can be also a good way of protecting the overall wellbeing of the elderly people.
In this article we will analyze the main benefits of practicing Yoga for the Elderly people.

1. Keeps Low Blood Pressure
It is well documented that yoga can be helpful in keeping a lower blood pressure.  The concept of Yoga has a good effect on the cardiovascular system, while breathing exercises are beneficial for lowering the heart rate.

  1. Helps Bone Density
    Many Elderly people face the issue of weakened bone density structure. The prospect of regular Yoga can prevent osteoporosis. A two-year study of adults with an average age of 68 showed that those who practiced yoga had higher bone density than those who did not do yoga poses regularly.

    3. Yoga can reduce Arthritis
    Seniors with Arthritis can face difficult challenges while exercising. The concept of gentle Yoga can be a great option for seniors that suffer from Arthritis. Gentle Yoga does not put significant pressure on the joints, while still strengthening the muscles around the joints. Additionally, yoga poses add suppleness to the connective tissue to keep joints flexible.

    4. Yoga Improves Balance.
    Through the practice of yoga, seniors can increase their sense of position in space. Moreover, the increased level of awareness can be beneficial in having a better overall balance. Certain poses and exercises can result in strengthen all aspects of the body in a equal way. This is significant because many seniors suffer from falls as they age. By improving their balance, potential injuries can be avoided. It will also decrease the need for assistance from other people.

    Keeps the Mind Sharp.
    The incorporation of the various deep breathing techniques in the concept of Yoga can have a positive effect on keeping the mind and improve concentration and focus.
    One recent study published in the Journal of Physical Activity and Health, elderly people who participate in yoga have significantly increased their memory and processing power.

 

Yoga can be practiced almost anywhere. This concept can be modified in a way that will accommodate everyone. Yoga can help calm the mind and the overall brain health. In the same, it does not require extensive physical strength. We can conclude that the concept of yoga represents an almost effortless activity that can bring many health benefits to the elderly people.

Keep healthy with good health insurance.  Click here www.medigapplansguide.com/faq/ to learn more.

All you need to know about Medicare Supplement Plans

About the plans:

Are you among those individuals who visit their doctor or health specialist quite frequently? If it is true, you may need to understand that Medicare Part A, as well as Part B, accompany affordable costs that you need to pay on your health.  Medicare Supplement, also known as Medigap, plans fill in all the areas left uncovered by Original Medicare plan, Part A and Part B, for example, deductibles, copayments & coinsurance.

In 47 states of the USA, there are 10 institutionalized Medicare Supplement plans that are denoted by the letters A to N, however the plans E,I,J and H are no longer available. The private insurance agencies offering these plans don’t really provides each Medicare Supplement policy / plan, yet they always offer Plan A. On the off chance that an insurance agency offers any Medicare Supplement plan along with the Plan A then it must offer either Plan C or Plan F alongside some other institutionalized Medicare Supplement plan that it offers.

Their coverage:

Every Medicare Supplement policy/plan offers an alternate coverage, however, each lettered policy incorporate the same institutionalized advantages no matter that insurance agency and area it is. For instance, Medicare Supplement Plan G in Florida incorporates the similar advantages from Plan G in North Dakota. But, if you live in Massachusetts, Wisconsin or Minnesota then your Medicare Supplement protection alternatives are not quite the same as in the other areas of the nation. Medicare Supplement plans don’t really cover long-term, vision, dental, or hearing devices, yet all plans must cover the following things:

  • Medicare Part A coinsurance costs up to an extra 365 days after Medicare benefits are depleted
  • Medicare Part A hospice care copayments or coinsurance.
  • Medicare Part B copayments or coinsurance
  • Initial three pints of blood utilized as a part of a medicinal procedure

A few plans incorporate extra coverage. For instance, Medicare Supplement Plan F, the best institutionalized Medigap plans, conveys the following extra advantages:

  • Medicare Part A deductible
  • Skilled Nursing Facility care coinsurance
  • Medicare Part B deductible
  • Medicare Part B preventive care coinsurance
  • Medicare Part B excess charges
  • Foreign medical care

Medicare Supplement plans cost:

All the private insurance agencies offer similar advantages for each similar lettered plan but, they can charge higher premiums for the coverage. You should need to look around to discover a Medicare Supplement Plans 2019 that fits both your medical as well as financial requirements.

Their eligibility:

To be qualified to select in a Medicare Supplement plan, you should be enlisted in both Medicare Part A as well as Part B. A perfect time to enlist in any such plan is for the most part amid the Medigap Open Enrollment Period, which starts on the exact day of the month when you are age 65 or older and you are selected in Part B, and lasts for a half year.

 

Medicare Supplement Plans, choose that suits your needs and wallet

Are you one of those subscribers who is not happy having your basic plan, then it is time you consider supplemental insurance. The Medicare supplement plans are different and are now in ten different types.

Some may cover the supplement expenses mostly, while few other Medicare supplement plans may cover similar to basic. There is a range to choose, so finding Medicare suitable plans to make a good fit is not much of a problem.

Medigap plans to suitability

It may also appear unnecessary for the Medigap plans to look into, but it is a fabulous idea as there are over ten plans to consider. Of course, you must spend some quality time and compare the plans to your needs such that it suits your financially and medically, besides you can also compare the rates of the plans between insurance companies.

One thing you must know that Medicare does not sell these plans directly. It oversees the plans coverage offer. Medicare supplement plans ensure every insurance company is offering the same plans created by Medicare itself. It ascertains the plans are the same, but offers the flexibility to the companies to fix their prices. Thus it allows competition in plenty and this is owing to the prices. The rates of insurance plan with some private companies are unreasonably high and so it is up to buyers to sort by comparing the prices.

Medigap plans should be understood clearly, before you decide on the rates. You must consider the best plan that is suitable to your needs. As such there is not best plan as the situation of each individual is different. Yet, there are few plans that people get enrolled as it offers the best coverage.

Plans Preferred

Medicare Supplement Plans are many, but Plan F is in high demand. This is because it offers good cover that the subscribers of Medicare are seen literally clamoring for it.

This plan F receives utmost attention. This plan claims to be the most economical plan. In fact, there are many Medigap plans that offer similar cover as Plan F, but are on the expensive side.

Medicare Plan G and N from Medicare supplement plans are also preferred and are considered as better plans. However, the best plan is the one that fits your needs and you afford to pay. People with few medical expenses and are uncovered by Medicare basic cover, may find Plan F to be expensive.