People usually retire at the age of 65 and at that age, they can apply for a senior individual health insurance policy. However, some insurance providers are cautious in accepting insurance applications from senior citizens because they are more prone to hospitalization and they need more frequent medical care. It is because of this that senior individual health plans are more expensive than other insurance policies.
It is not only those who are of retirement age who can get this kind of plan. Many senior individual health insurance policies are also intended for the disabled who are under the age of 65. Some insurance providers also offer this to people of all ages who suffer from kidney problems that require them to undergo dialysis regularly. Aside from the usual benefits, a senior individual health policy can also offer cover most of your expenses in relation to prescription drugs. Some providers cover around 70 percent of the costs of these drugs, allowing the policy holder to spend less money on their medication. Aside from this, some insurance providers also cover wheelchairs and walkers. For those who are too weak to leave the house, some insurance providers may offer home care subsidies and also cover the payments for on-call nurses. The rates will vary from state to state, as well between insurance providers within the same state.
For those who cannot afford the rates of the senior individual health plan, there are other ways to get one. The federal government offers state-subsidized insurance for people who are over the age of 65. Senior citizens who are below the poverty line, and their families, are eligible for this plan. Premiums, doctor visits, hospitalization, medication, and even wheelchair purchases are covered by the state-subsidized plans. The government also helps the senior citizens by negotiating prices and coverage agreements with private hospitals and physicians.
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