You reach an age to qualify for Medicare, and suddenly, things seem more complex than ever. You have more health challenges to conquer, and you are not sure how Medicare will serve you. In fact, Medicare does not cover everything you need it to cover.
In such a situation, you should check into Medigap plans to fill in those Medicare coverage holes.
It is a bit like playing chess. You need to move your piece (you) to be covered and protected from attack. So, you sign up for Medicare and figure out what you are missing, then act. By signing up for a Medigap plan, you can fill those needs.
It is actually a whole lot simpler than you may think. Medicare does most of the defensive battling for you as primary coverage. Medigap provides the support that makes the whole board work for you.
The ability to tailor your health insurance coverage is appealing to many older Americans. Move wisely. Medicare and Medigap are health partners created to work in tandem to protect you.
Posted on Tuesday, February 11th, 2014. Filed under
Medicare.
A surprising number of Americans still insist that they cannot afford health insurance, no matter how inexpensive it may be. However, that assertion creates a real conundrum: citizens must carry health insurance to avoid facing large fines.
A policy does not need to present devastating upfront costs to you. Even a policy purchased through a health exchange easily proves its worth. Those without any kind of insurance face the costs of all medical services and procedures alone.
Medical care in the United States is not cheap. If you happen to be in an accident, you may need all sorts of care. Without coverage, anything from a broken wrist to months of inpatient hospital care could cripple your finances. How would you pay your bills without some form of health insurance?
Many defer their health insurance choices, hoping to save money during times of good health. But good health can leave you without warning.
Reconsider. Choose to carry health insurance.
If you run a small business, you may wish to offer your employees group health insurance. It’s an excellent, attractive offering that has short- and long-term benefits for your workers. Group insurance allows employees to get medical, dental and perhaps vision insurance for a lower cost than they would find individually. With group insurance offerings, your company can better compete to hire the best potential employees.
There are two types of small group insurance: Preferred Provider Organizations (PPO) and Health Maintenance Organizations (HMO). With PPO insurance, those enrolled pay a deductible but may see any doctor they wish within in a specific network. Participants do not need referrals for diagnostic appointments or to see specialists. If they see a medical professional out of their specified network, they pay higher fees and make a claim for the difference later. HMOs restrict whom a patient may see and what services they may get. Any treatment must be provided by a medical profession within the network. The primary doctor manages the patient and makes referrals when needed.
Before choosing a plan, find out as much as you can about each. Decide what suits your business environment and workers best.
No one likes talking about life insurance. Death and dying can be frightening, upsetting topics to you and your family. But you must conquer that fear if you want to protect your loved ones in the (ultimately inevitable) event of your death. The problem doesn’t go away if you avoid talking about it. Life insurance ensures that you can leave your family a stream of income if something happens to you. Avoidance is not worth the risk to your family’s long-term wellbeing.
Your family is important to you. You work hard to provide them with what they need. If you are not there, how would your family carry on without any financial support? Life insurance provides security and support for your family’s care when you are gone. Don’t delay the decision. Others are depending on you to make the responsible one.
