28
Aug

A Few Things Older Adults Should Know About Their Healthcare

Written by Insurance Magazine. Posted in Medicare supplement insurance south carolina, Medicare supplement insurance tennessee, Short term health insurance in pa

Arkansas short term health insurance

One of the unavoidable truths about American society is that the generation of adults born soon after the Second World War is almost entirely over 65 years of age. In fact, by the year 2030, the “Baby Boomer” generation as they are called will all be at least 65 years old. By 2030, there will be around 72 million Americans old enough to be considered an older adult.

Back in 1965, health care was much different. Only half of Americans 65 and older had health insurance. The way things are today, only 2% of Americans over the age of 65 lack health coverage. At the same time, not all health coverage is the same and your health plan might not cover everything on its own, should you be stricken with cancer. Because this is the case, it might be time to reexamine your coverage and see if you might benefit from cancer care insurance in addition to what you already have.

Nearly 21% of Americans had at least $2,000 worth of out of pocket medical expenses in the past year. Supplement insurance coverage, even Medicare supplement insurance might be needed if you have cancer and need specific kinds of treatment for it.

Nobody wants to think about what a battle with cancer might mean and how long it could take. The toll that cancer can take physically is devastating enough. The financial toll should not be something you should have to worry about on top of everything else. That is where cancer care insurance has come to the aid of thousands who have needed to draw on it in times of difficulty.

Many cancer care insurance plans are supplemental plans, meaning they kick in when you need more than your regular insurance will pay. Often, the payments are sent directly to you, not the hospitals, so you can recover financially. Every plan is different, though, so be sure you know exactly what kind of plan you are buying into.

Also depending on how your particular plan works, you can choose treatment-based benefits that pay over time or lump-sum benefits paid upon your initial diagnosis. Not all cancer is the same, of course, so you and your doctor can decide how you want to proceed and what you need to do to be free from the stress of finances in order to have the ability to focus on your recovery.

You only get one life. Take control of it now, before you find yourself in a battle for it.

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