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Are there private insurance options for seniors?

Dr. Michael Roizen, MD
Internal Medicine

Private insurance options exist for seniors, but buyers beware. You’ll pay a pretty penny for private insurance. If the steep monthly premiums don’t turn you away, the higher co-payments (the amount you pay for services) and deductibles (the amount you must pay before insurance kicks in) might deter you. The private insurance options typically provide fewer benefits, too.

If you’re still interested, remember that, unlike group health plans, private plans look at your age, weight, and health history to determine your coverage. If you’ve got a pre-existing condition, they can stick it to you with extreme premiums.  Talk to your state insurance commission office about the rules in your state.

 

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Important: This content reflects information from various individuals and organizations and may offer alternative or opposing points of view. It should not be used for medical advice, diagnosis or treatment. As always, you should consult with your healthcare provider about your specific health needs.