How to Find Supplemental Health Insurance for Aging Parents
If you are responsible for the health care of your aging parents, you need to know that Medicare doesn't cover the treatment, office visits, or prescriptions entirely. You will need to obtain a supplemental insurance plan as well to help cover the cost of the needed medical care of your aging parents.
- Ask the insurance agent for the insurance companies that you use for your own health insurance if they offer a supplemental plan for the elderly. If they do carry a supplement plan you may be eligible for a bundle discount for carrying multiple policies with the same company. If they do not offer a supplemental insurance, see if they can recommend a company that they know of that does offer the type of insurance plan you need.
- Ask your family and friends if they know of an insurance company that offers supplemental insurance for the elderly. Many people care for their parents when they get older, and may know of a company that offers the type of plan you need.
- Perform an Internet search using your preferred search engine and the keywords "supplemental insurance for the elderly," or "elderly supplemental insurance" along with the name of the city and state in which your elderly parents live.
- Browse through the listings to find local and state insurance supplement plans that are available. Be sure to compare many different plans and rates before making a decision, rates and coverage may vary by company. You need to find the supplemental plan that works best with the existing insurance.