subject: Insurance And Health Benefits For Seniors [print this page] Insurance and health benefits are important when it is time to decide on sending one of your parents to a nursing home, assisted living, or other senior health care facility. Assisted care can get very expensive, and therefore, it makes sense to have the best seniors' health insurance that they can afford.
It is estimated that up to 70 percent of adults in the United States are uninsured, or they are underinsured. There are many, who just cannot pay the price of monthly insurance premiums, and their companies might not help out much, either. The rich can always afford insurance, the poor are provided with basic care, but it's always the middle class that are forced to pay, and it can hit some families very hard.
However, seniors can take advantage of government provided insurance and health benefits to help them out. They've worked hard all of their lives, and money has been coming out of their checks each month when they were working, so they are receiving what they earned and are not getting handouts.
Understanding Insurance and Health Benefits for Seniors
Many search for a facility that provides the best service that they can afford and one that has many amenities for their parents. The question is if senior insurance will pay for all of this, or will it come out of their pockets? Here is a list of tips that will help you become better acquainted with Medicare and Medicaid, and other insurance and health benefits for seniors.
What is Medicare?
The Medicare program is the largest health insurance program in the U.S. It provides medical and hospital coverage for seniors, 65 and over, and for disabled people of any age. In addition, it covers those, who have suffered permanent kidney failure.
Medicare is broken down into two main parts, and two supplemental parts:
Part A - Hospital insurance handles your hospital, hospice, nursing home, and other health care.
Part B - Medical insurance pays for your medical services for doctors' fees, outpatient, and therapist fees.
Part C - Health insurance and health benefits cover private insurance outside of the regular medical coverage in Part A and B.
Part D - Prescription drugs is also an optional coverage that allows Medicare recipients to pay premiums for supplemental prescription drugs.
Medicaid
Medicaid is a medical program that is funded by the states and the federal government. Some of the general coverage that is under Medicaid includes physician services, hospital services, laboratory and x-rays services, home and health care services, and dental services for children.
Insurance and Health Benefits for Seniors - Conclusion
The fact is that Medicare and Medicaid do a lot to help senior citizens. It's nice to know that they offer the elderly something they can depend on when they reach their golden years.
These are standard insurance and health benefits for seniors. Different states have other health benefits for seniors, too. Contact your local state government agency to find out what is available for seniors where you live.
by: Carrie Roberts
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