Monroe Health Insurance Options for Elderly Individuals

For elderly people who are retired or not actively employed, the costs of medical services and prescription medications can add up. Because of these costs, especially the unanticipated ones, health insurance is a necessity. The agents at Latorre Insurance can offer assistance and advice on which plan would be most suitable for your needs, as an elderly citizen. There are four main types of insurance that you should consider.

First, there is Medicare. Most people qualify for Medicare after turning 65, and it includes a variety of coverages, including inpatient treatment, outpatient treatment, and prescription medications. There are different parts, or internal coverage plans, within Medicare. Part A covers inpatient treatment for no cost whatsoever. For Parts B and D, however, a monthly premium is required, although patients with low income may qualify for premium assistance.

Second, there is Medicaid, which is offered to low-income citizens and includes outpatient treatment, inpatient treatment, home healthcare, and prescription medication coverage. These candidates are required to pay an income-based monthly spend-down, which is similar to a deductible, and there are no premiums.

~Elderly individuals can qualify for BOTH Medicare and Medicaid.~

Other plans include private insurance plans and supplemental insurance plans.

Discuss your Monroe health insurance options with a Latorre agent today.