Health Insurance Options for Pre-Medicare Seniors
If you are a senior approaching the age of 65, you may be wondering what your health insurance options are before becoming eligible for Medicare. There are a few different ways to ensure that you have access to quality care and coverage while still getting the best deal. Let’s take a look at some of the most popular and affordable health insurance options available to seniors who are not yet eligible for Medicare.
Traditional Individual or Family Plan (Obamacare) –
The Affordable Care Act (ACA) offers plans from private companies with government subsidies. These plans typically provide essential health benefits such as preventive care, emergency services, hospitalization, prescriptions, and mental health services. You can also choose between bronze, silver, gold, or platinum-level plans depending on how much coverage you need and how much you want to pay in premiums each month.
Health Insurance Marketplace –
The Health Insurance Marketplace is another option for pre-Medicare seniors who want coverage but don’t qualify for subsidies. This is an online market where individuals can compare different plans and find one that fits their needs and budget. Plans on the Marketplace usually offer similar benefits to those offered by ACA plans but without the added cost of subsidies.
Short Term Medical Plan –
For higher income seniors who are healthy enough to pass underwriting requirements, a short term medical plan may be more affordable than an Obamacare plan with subsidized premiums. Short term medical plans can have lower premiums than other types of health insurance but they also have limited coverage periods and may not cover pre-existing conditions or certain treatments. However, these plans can be an excellent option if you need temporary coverage while waiting to become eligible for Medicare.
No matter which path you decide to take when it comes to finding health insurance before becoming Medicare eligible, it’s important to do your research so that you find a plan that fits both your needs and budget. Whether it’s traditional individual or family plan (Obamacare), the Health Insurance Marketplace, or short term medical plan – there is something out there that works for every person’s unique healthcare situation! Doing your homework ahead of time will ensure that you get the best possible deal on quality healthcare coverage as soon as possible!