Having insurance is important for all ages, especially for those in their prime. Here are three tips seniors should know:
1. Ask enough questions
When it comes to health insurance, AARP recommends asking a lot of questions. Learn about co-payments and deductibles, payment processes for insurance claims, emergency care and drug coverage, coverage for pre-existing conditions, types of preventive care such as colonoscopies and vaccinations, who is covered, and whether your current doctors participate in the plan. Need help? The non-profit organization Elderwerks Educational Services can help seniors by referring them to professional insurance companies.
2. Check discounts
Seniors can take advantage of special programs and discounts on their insurance. In addition, there may be discounts for combining home, car, life insurance and other insurance policies from the same company. Some insurance companies offer discounts to seniors who take an approved defensive driving course.
Coverage may vary from one insurance company to another. And premiums can vary depending on your age, condition, medical history and whether or not you smoke. To that end, make sure you get the best policy for your needs in terms of benefits, services, treatments and budget by doing some comparison shopping. Also remember that as you get older, your needs may change. So it’s a good idea to periodically review your policies to make sure they’re right for you. For example, long-term care insurance can help cover costs associated with staying in nursing homes, nursing homes, or having babysitters in your home. Again, if you are not sure which insurance plans are right for you, seek professional advice.
Elderwerks Educational Services: 251 E. Northwest Highway, Palatine, IL 60067: 855.462.0100: https://www.elderwerks.org/