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Getting Medicare soon? You Might Consider Short Term Health Insurance Until Medicare Starts
Every American turning 65 is eligible for Medicare insurance benefits that Americans pay for all their working lives. The truth of the matter is that Medicare is a good program with great benefits. Once you get on Medicare, you have many very good options that people under 65 do not have. The few months leading up to the time you go on Medicare is the most expensive medical insurance premium that anyone ever pays in their lives.
Most people are on a policy through their employer or their spouse's employer. If that is the case, the employer is potentially paying for a portion of your benefits. If you have someone else paying for your benefits, that is a good thing and I generally recommend that you keep that plan. However, if you are in a situation where you are paying for your own insurance, it is a good idea to take a few minutes to consider other options for your health insurance needs.
If you have some health problems, or if you are taking a lot of medications, it may be a good idea to pay more for the insurance you have until Medicare starts. But a lot of healthy Americans age 63 and 64 can save money on their health insurance premium with short term health insurance. People rightly complain about the high cost of health insurance, but it is often because they are unaware of available options. Short term medical insurance plans are full major medical plans that have to be approved by the department of insurance as full insurance benefits. So these plans are less expensive, but they will cover the major things like hospitalization, emergency room, and surgery the same as the more expensive insurance. The only thing that you do not get with short term medical insurance is co payments for doctor visits and prescription drugs, and it also does not cover preventive care benefits. Oh, and the premium is a lot lower so that's a difference too.
These plans are great for certain people in certain situations. If you are healthy and paying for your own health insurance premium at age 63 or 64, consider researching short term health insurance plans for your needs. You can go to any doctor or hospital and any new illness or injury will be covered subject to a deductible and coinsurance. You can get quotes and information in minutes online. If you pay with a credit card, you can get your cards emailed to you instantly and your coverage can start by midnight of the night you complete the application. If you pay for your premium in a single payment for multiple months of coverage, then you can save even more.
Again, while these plans are not for everyone in every situation, they are available to help bridge a gap in coverage until you are eligible for Medicare on the first day of the month that you turn 65. If you know anyone struggling to pay their health insurance premiums tell them that there are solutions to help them get the coverage they need with short term health insurance.
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Source by Brian W. Thacker
