There are elaborate plans to ensure healthcare for senior citizens. Medicare and Social Security schemes have good options for senior citizens to avail access to the best healthcare facilities. However, you may not be able to cover ‘all’ the expenses associated with senior citizen healthcare. You can then look to supplement your Medicare with some health insurance, which more than covers the gaps left.
Medicare Part A, B, C and D provide different options. Prescription drugs, medical equipments, nursing home care, inpatient and outpatient care, etc are all covered by different plans of Medicare.
The number of senior citizens is increasing rapidly and there is pressure on the social and healthcare sectors to extend proper healthcare for the aging population. And, it is a tough task for the government systems and the society. Aged people are prone to diseases, including chronic diseases and it is going to be increasingly difficult, unless there is proper planning by both individuals and the government.
If it weren’t for insurance, senior persons would be paying thousands of dollars every year. The most noticed expenses are hospital charges and costs of drugs. There are also additional expenses on grocery and assistance devices of various types. Transportation to the hospital or clinical center is another expense.
The toughest thing will be taking loans to meet the expenses of a treatment, which can easily push anybody to poverty. Aged persons if forced to take loans for their treatments, it is almost impossible for them to repay, unless they get some support from their children, support groups or government programs.
Even with insurance, there are loose ends. No insurance cover all the expenses associated with senior healthcare. Even Medicare can be of limited help to persons suffering from serious health conditions.
It is always desirable to start early and buy insurance before you reach the age of retirement. The earlier in life – say 20s or 40s, the better it is for you to get favorable terms by the time you retire and are faced with serious healthcare expenses. Start early and you can pay lower premiums and get the full benefits. Buying health insurance after retirement can be a tough task, although a few insurance companies have started underwriting for seniors with conditions like high blood pressure, higher than normal cholesterol levels, etc. Not all insurance companies have such options.
Community support can be of great help while seeking senior citizen healthcare. Collectively, the members of senior citizen forums can share knowledge of stores that sell drugs at a discount, treatment centers that charge lower rates and the insurance products available to senior persons with health conditions.
Healthcare can become an issue for senior citizens – however, it doesn’t have to an all consuming issue. You have support.