Health Insurance for Seniors


Play It Safe, Get Health Insurance

A healthy retired life is your key towards a happy retired life.

As you prepare to spend the best years of your life, pursuing a hobby or simply relaxing without any worry of getting to work on time, you need to protect yourself from the pressing problems of health-related issues that dawn with old age. Some form of health security will ensure that you spend your days well looked after and tension free. While opting for a health insurance is not going to reduce your chances of becoming sick, it surely will give you a worry free illness! Issues like medical bills for hospitalization and medicine are taken care of under health insurances. Depending upon the kind of insurance policy you purchase, you can receive health coverage in its entirety, or in parts. Health insurance for seniors are offered by many agencies in the US. If you are 65 years of age or older, you have Medicare to take care of you. However, there is an alarming rise in the percentage of younger adults who lack insurance coverage. Surveys by the Commonwealth Fund (an independent organization that studies health policies) shows that the number of younger people who lack health insurance in America, public or private, is on the rise.

The main reason is that most heath insurances are not very affordable. Policies like Medicaid and State Children’s Health Insurance Program stop coverage after the age of 19. Efforts are being made to find a way out of this situation. In fact, if you would like to get more information on health insurance and how to get help with insurance, we suggest that you check our section on “Insurance.”The US Government administers the Medicare and Medicaid health insurance programs, to cover the US citizens and lawfully admitted immigrants. The other categories of people who are eligible for this health insurance program are:

Disabled people under 65 years of age, who have been receiving either Social Security or the Railroad Retirement Board disability benefits for at least 24 months.

  • People of all ages, who have End-Stage Renal Disease.
  • People suffering from Amyotrophic Lateral Sclerosis (ALS-Lou Gehrig’s disease).

Medicaid on the other hand is a joint federal-state program which provides health insurance coverage to certain low-income individuals, including children, pregnant women, parents of eligible children (upto the age of 19), seniors, and people with disabilities. The program is jointly run by the states and the federal government, and is managed by the states. By the end of 2031, the baby boomer generation will have fully enrolled for health coverage provided by Medicare, which is estimated to be around 77 million. For more information on Medicare, you can check the section on “Medicare” at Future Years.