Medicare
Medicare is the most widely known insurance provider in the US for those over 65. And it might also be the most affordable retirement health insurance option for seniors. But, if you’re younger than 65, you might still be eligible if you have a qualifying diagnosis.
This company provides hospital and health insurance but doesn’t cover all of the out-of-pocket costs you may have. Supplemental plans are available for prescription drug coverage, deductibles, and co-pays.
Medicare Advantage plans are available for purchase, many offering vision, dental, and prescription drug coverage. Let’s look at some pros and cons of this retirement health insurance option:
Pros
-Accepted nationwide
-The most affordable of all plans
Cons
-Must be 65 or have a qualifying diagnosis
-No prescription drug coverage
Since we’re on the topic of health insurance and medication, where do you keep all your meds? Amazon has this fantastic Weekly Pill Organizer we think you’ll like!
Now that we’ve given you all these great retirement health insurance options, which one will you choose? Please feel free to share your thoughts with us in the comments!
And if you found this post helpful, we think you’ll also like: Paying for Long-Term Care Can Be Difficult: Here Are 6 Ways to Do It
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