Medicare Supplement Insurance offers twelve (12) plans. These programs must follow Federal and State laws. Each plan has different benefits. The twelve labeled A – N, lists below. The percentage shows how much each plan covers. The co-insurance is active after reaching the deductible. This PDF offers a quick look at the standardized Medigap Plans A through N and their benefits. Note: Plans E, H, I, and J are no longer for sale, but you can keep these programs if you already have one.
Buying Medigap, Medicare’s Supplement Insurance
Carm On Jul 25, 2014 My husband was diagnosed with a bone marrow disorder and needs transfusions about every 3 wks to 4 and also undergoing these special shots to help his red blood cells to develop. We became aware of this diagnosis in Mar 14. We now are now enrolled in bluecross/blue shield HMO 65 advantage plan. Can we during the enrollment period can we change to a medigap program with this pre-existing condition without being socked with a high premium or even be refused coverage? We have been on Medicare A and B for the past 5 yrs. when we retired at the age of 73. Is there also a possibility to get a decent coverage for the prescription plan D with medigap along with a vision and hearing coverage. Can Blue Cross Blue Shield since we have been members with them for the past 4 yrs. charge us extra premiums with the problem my husband has now. Please, please help me with some answers. I am very distraught and frustrated along with my head spinning. I have been on the inter, made calls and it appears no one can answer my questions or can help us. We are now paying $400/transfusion everytime he receives his transfusion, this adds up to about 2 transfusions/mo.
Senior Living Directory and Aging Resources
Senior living encompasses senior housing communities and care choices that include independent living, assisted living facilities, Alzheimer’s and memory care, aging in place, home health care and more; how to pay for your senior lifestyle so you don’t outlive your money; and senior health information so you can fully enjoy the best years of life.
Assisted Living: MedlinePlus
Assisted living is for adults who need help with everyday tasks. They may need help with dressing, bathing, eating, or using the bathroom, but they don’t need full-time nursing care. Some assisted living facilities are part of retirement communities. Others are near nursing homes, so a person can move easily if needs change.
Assisted Living Facility Costs
Since Medicare does not help pay for assisted living services, many seniors are stuck with a dilemma. They need to help with some of their daily activities but they cannot afford to live in an assisted living facility. Two options for generating income for a temporary stay in an assisted living facility include reverse mortgages and life settlements. A reverse mortgage is similar to a home equity line in that you take the money out of your home slowly. It differs in the fact that there are no payments to be made at the loan and the loan is usually settled as part of the estate. These loans can be a very quick and painless way for seniors to pay for their stay in an assisted living facility. And life settlement allows a senior to sell an existing life insurance policy in exchange for a cup for a lump sum. This is especially good for seniors who do not have dependents and no longer need their life insurance policy as part of their estate. For a senior in his/her 80s, a $250,000 life insurance policy can generate up to $100,000 in a life settlement.