Senior Health Insurance Information

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Senior health insurance is available in a variety of different options thanks to the Affordable Care Act. Get senior health insurance information with help from a top insurance attorney in this free video clip.

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Video Transcript

I'm Frank Darras, America's top insurance attorney. And today, we're going to talk about senior health insurance information. The new Affordable Care Act strengthen Medicare by providing free preventative services, including free annual wellness visits. And a fifty percent discount on prescription drugs for Medicare recipients, in the coverage gap known as the dreaded doughnut hole. Under the new Healthcare Law, your existing guaranteed Medicare cover benefits, aren't going to be reduced or taken away. Neither will your ability to choose your own doctor will be affected. Nearly four million people with Medicare received cost relief during this year's New Laws Program. The good news is that the prescription doughnut hole is finally going to be completely and totally closed by 2020. Remember, Medicare covers certain preventative services without charging you the Part B co-insurance or deductible. You'll also be offered a free annual wellness exam, take advantage. You also may want to supplement your health policy to compliment your Medicare coverage, it's a good idea. Attending community health fairs for routine screenings, another good idea. Consider alternative forms of treatment for your chronic problems, such as back pain or stress related illness. Chiropractors, acupuncturists, all good ideas. Look for in-store clinics at large pharmacies and retail stores that offer free health care services. Talk to a doctor, free, by phone for help or advice. Comparison shop for medications and consider folks, generic or cheaper brands, or buying through the mail, a ninety day prescription order. Now, remember, Medicare and most health insurance plans don't pay for long term care, an important consideration for seniors. But there is hope in current plans for change. Medicare only pays for time limited medical necessary skill nursing facility, or home healthcare, if you meet certain rigorous conditions. Long term care insurance is going to cover that basic daily living for those of us who have a chronic illness or disability. And depending on your long term care policy, that care can be provided in your home, in the community, in an assisted living facility or in a skilled care facility or nursing home. Plan for long term care early. I always recommend to my clients, never spend more than five to ten percent of your income on long term care insurance premiums. Husbands and wives, you get a spousal discount, and the younger you buy, the cheaper it is. It's also a good idea to purchase inflation coverage. So, you're protected against the inevitable premium hikes. I'm Frank Darras, founding partner of Darras Law in Ontario, California.

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