Medical Insurance For Retired People

Medical insurance for retired persons usually brings Medicare to mind, but gaps in Medicare coverage need to be filled by another carrier. Otherwise, the additional expense will come directly out of the retiree's pocket. Medicare is the main medical insurance for retired people in America. For some, it is all they have. If an American citizen was employed for enough years for one company to be eligible for their retirement benefits, that person may not need supplemental coverage. Most companies of any size continue medical coverage for their employees after they retire from the work force. For those who worked for smaller companies or didn't stay with one employer long enough to receive retirement benefits, a so-called "medigap" insurance will be necessary.

Military personnel retiring from active duty are eligible for Tricare, the medical insurance for retired persons who retire from active duty. Family members, including spouses, children, and step-children, are also covered under Tricare. In the case of divorce, the step-children are not covered unless they were adopted by the retired military person. The children are covered by this government plan until they reach age 23 or graduate from college, whichever comes first. Those children who do not go to college become ineligible on their 21st birthday.

The Internet has many resources that list agents and companies who offer medical insurance for retired people. There are so many, in fact, that potential consumers need to be extremely cautious and diligent in their research. The Better Business Bureau will provide information about any complaints filed against these companies and their assistance is widely used. Group rates are always better than those offered to an individual, so going through an organization such as AARP for medical insurance will most likely save money. They even offer long-term coverage in the event of a lengthy illness or injury that takes the insured beyond the terms of Medicare.

There are things Medicare does not cover that are commonplace among retired citizens, so they must be included in the supplemental medical insurance for retired people. For instance, Medicare does not cover an eye exam unless a disease is suspected and the exam is performed by an ophthalmologist. Medicare will not cover eyeglasses at all. Another classification of problems not covered by Medicare is dentistry. Medicare is brought into play only if oral surgery is involved. Medical insurance for retired persons is a necessity, and Medicare doesn't do it alone. Scripture has no mention of insurance in our old age, but some things haven't changed from ancient times: "Thus saith the LORD of hosts; There shall yet old men and old women dwell in the streets of Jerusalem, and every man with his staff in his hand for very age." (Zechariah 8:4)

For more information:


Anonymous said...

With regards to Medical Insurance for retired people, there isn't any!. Oh, sure, there is, but only if you retired a very rich person. The high premiums are criminal. Insurance companies don't care, they just want to suck every dollar for your pocket, just like the pharmecutical companies. AARP is 100% useless, I know, I tried them. They have no medical plans outside of a hospital indemnity plan which pays $50 per day of a hospital stay. Are they on drugs?, hospital stays average between 800-1000+ per day!. United Healthcare Insurance company, based in NY, does not provide health insurance to residents of NY!!!, go figure that one out!. We need the US government to take over and create a national health system, where everyone is enrolled. Europe has had a national health system for a long time now and it's working very well, so what's wrong with the USA having one?. I'll tell you, the insurance compnaies and the pharmecutical companies are the roadblocks to a national healthcare system. If the USA adopts a national health system, what do you think will happen to the insurance companies and the pharmecuticals?, answer: OUT OF BUSINESS!. I say HOORAY!, and about time. These companies have had their greedy hands in our pockets far too long. I sincerely hope the next President of the USA, can crash through the roadblock and establish a national healthcare system.

About Me

My photo
Bangkok, Thailand
Welcome to my Blogs.I'm provide sufficient great articles information,tips low-cost,frequently asked questions and guide to buying.Health Insurance,Life Insurance,Home Mortgage Rate,Home Equity Loan,Home Refinance,HELOC and Home Equity Poor Credit.Nice to meet you.