It's Traditional Insurance for the Rest of UsTraditional Insurance is for when Medicare Part A and Part B doesn't cover all the cost or the participant is under 65. To help with the additional expenses Medigap or Supplemental insurance policies gained popularity. These are purchased from private companies and are readily available with cost based on what coverage is needed to handle the extra costs and co-pay requirements. A deductible must be met, so check the policy carefully. For those of us under 65, the options range from basic hospitalization to very full and expensive policies. Costs vary based on age and current and former medical history. Select a policy based on what your current needs are, the more you need, the higher the costs based on deductibles and payouts.Check with AARP and your local phone directory for office near you or check the Internet. Be sure your doctors and hospitals accept the insurance company holding your policy.Long-term Care Insurance is offered by private companies and through some financial planners to cover medical and non-medical care beyond the limits of Medicare and any other policy you might have. Cost vary based on the plan, coverage, limits for payout, and the age at which you apply. The details are important when buying this coverage as to how it relates to your assets and other policies and programs. More detail will addressed for these policies in the future. Return to Home Page from Traditional Insurance |
