Elderly Care
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With the wide range of choices at Global Insurance Group, you can pick the plan that fits your lifestyle, your coverage needs, and your pocketbook. Your choices include:
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Health insurance for a senior citizen is available to help supplement the benefits received from Medicare. Since Medicare does not cover all medical expenses, having health insurance for seniors can assist in paying those additional costs and things like prescriptions that are not covered. The benefits of having a policy for older people are that it will allow the insured to go to any doctor Medicare pays for and it will allow a person to better budget medical expenses. With Medicare covering less and less, it is a good idea to have a policy to aid with those additional out-of-pocket expenses and non-covered expenditures.
Older citizens as a whole are a very large group so many insurance companies are now offering discounts and added benefits to their mature citizen packages to appeal to the growing population of elders. Finding the best deal on coverage for the elderly that is being offered is a priority at the Global Insurance Group.
With the baby boomer generation now entering their older years, the need for health insurance for a senior citizen has greatly increased. We also know that this new generation of aging citizens is taking advantage of their golden years and traveling like never before, so the demand for protection wherever they are has become a part of their travel package expectations.
The brokers in our Seniors Department work solely with mature clients, and these professionals understand the policies for the elderly so they can give you expert and practical advice.
Did you know you can combine Medicare health coverage and prescription drug coverage in one simple plan, at one low price?
Medicare Advantage Plans are health plan options that are part of the Medicare program. If you join one of these plans, you generally get all your Medicare-covered health care through that plan.
This coverage can include prescription drug coverage. Medicare Advantage Plans include:
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Medicare Health Maintenance Organization (HMOs)
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Preferred Provider Organizations (PPO)
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Private Fee-for-Service Plans (PFFS)
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Medicare Special Needs Plans (SNP)
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In most of these plans, generally there are extra benefits and lower copayments than in the Original Medicare Plan. However, you may have to see doctors that belong to the plan or go to certain hospitals to get services.
To join a Medicare Advantage Plan, you must have Medicare Part A and Part B.
You will have to pay your monthly Medicare Part B premium to Medicare
The Medicare Advantage plans we offer have lots more benefits than Original Medicare.
Everyone with Medicare, regardless of income, health status, or prescription drugs used, can get prescription drug coverage.
Medicare prescription drug coverage is insurance that covers both brand-name and generic prescription drugs at participating pharmacies in your area. Medicare prescription drug coverage provides protection for people who have very high drug costs or from unexpected prescription drug bills in the future.
You will pay a part of the cost of your prescriptions, including a copayment or coinsurance. Costs will vary depending on which drug plan you choose.
You can join a Medicare prescription drug plan or you can join a Medicare Advantage Plan or other Medicare Health Plan that offers drug coverage.
A Medigap policy is health insurance sold by private insurance companies to fill the
"gaps" in Original Medicare Plan coverage. Medigap policies help pay some of the health care costs that the Original Medicare Plan does
not cover. If you are in the Original Medicare Plan and have a Medigap policy, then Medicare and your Medigap policy will pay both their shares of covered health care costs.
Generally, when you buy a Medigap policy you must have Medicare Part A and Part B. You will have to pay the monthly Medicare Part B premium. In addition, you will have to pay a premium to the Medigap insurance company.
Are you prepared to cover the cost of long term care for a family member, either at home or in a nursing facility? If this is a concern of yours, then a long term care policy may be right for you.
Because long term care is extremely costly, insurance companies have developed long term care insurance to cover individuals. Long term care insurance covers both medical and custodial services. These services can range from at home care, including assisting someone with daily personal and household chores; to day care services at a facility; to assisted living residences; to nursing home care.
While Medicare will cover the cost of long term care, recipients and their spouses have to deplete all of their assets before Medicare will kick in to cover long term costs. Therefore, an added advantage of long term care insurance is that it safeguards assets, allowing a family to maintain their standard of living, even through a costly medical crisis. Considering economic hardships facing most families today, this critical protection could be one of the most compelling reasons to look into long term care insurance.
Long term care insurance plans can be tailored to fit your needs and those of your family. Several of our insurance carriers have multiple LTC insurance products available, and we will work hard to provide the best possible match for your needs.
If you are over age 65 and need life insurance, there are still insurance companies that make AFFORDABLE offers for seniors!
There are several highly rated companies that have 2 different sets of underwriting guidelines now, one set for individuals under age 65- 70 and one set for individuals age 70- 85.
So make retirement more enjoyable and worry-free with the addition of life insurance in your financial planning.
The life insurance plans we represent can help:
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Maintain current lifestyle
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Your spouse to keep the home
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Provide a stream of income
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Pay off personal debt and medical bills
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