AARP Early Retirement Health Insurance For Elderly
It is very difficult to get private health insurance for the elderly. As they age, it becomes more common for commercial insurance companies to no longer want to insure older Americans.
Early Retirement Health Insurance For Elderly
Since Medicare was founded, there has been no incentive to insure seniors as most of them shop through the Medicare system in some way. Although this can be true.
There are still some older Americans who need to take out private health insurance options for early retirement. So let’s look at some of the top reasons it can be difficult to get older health insurance for them.
Your age is a dominant factor.
There are several reasons why the elderly cannot get senior health insurance coverage. First of all, many health insurance companies take your age into account. As people get over 50, they are more likely to have more illnesses, see more doctors, and potentially have more hospitalizations. Hence, the risks of insuring an elderly person far outweigh the benefits. We are all getting old, why is that such an important factor?
Due to the fact that the elderly are exposed to so many conditions and need so much attention. The average hospital stay for a person over 50 years of age is longer than that of a person between 20 and 30 years of age. Insurance companies have a rough idea of how much to pay for each age group and consider all of these factors when determining the price of early retirement health insurance options.
Pre-existing conditions are not insurable.
If you already have an illness such as diabetes or high blood pressure, it is usually not insurable. Perhaps this will change with the new healthcare reform. But what does an existing illness tell you about senior health insurance? He tells them that you may not be taking good care of yourself or you may have bad eating habits. So why assure someone that they could have avoided these conditions by not drinking, smoking, or overeating?
Affordability can be a problem.
The last thing you will find is that the elderly often cannot afford insurance. Even if they find a company willing to insure them, many are retired and have limited incomes. The premium cost can only consume a pension check or pension income.
Elderly Health Insurance Quotes
Health insurance for the elderly is still a major problem for many. Many have never had Social Security or Medicare, and early retirement health insurance is too expensive.
Hopefully the new AARP healthcare reform will address many of these issues. What other options do these elderly people have?
If you retire before the age of 65 and lose your work-related health insurance, you can get insurance through AARP health insurance. If you lose health insurance, you will be given a special registration deadline. This means that you can apply for health insurance even if you are outside the annual open enrollment period.
- AARP Early Retirement Health Insurance For Elderly