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Insurance For Seniors On The Net /
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Health Insurance For Seniors On The
When a good friend of mine inquired
where he could obtain information about medical
insurance for his out- of- state, elderly mother, I told
him to try the Internet.
He reported back to me about a week later, he reported
back in desperation “I am giving up, I am too confused”.
He had taken on an overwhelming project with his widowed
mother, living in another state. As the only child, and
following the sudden death of his father, it was his
responsibility to care for his mother.
In this world of technology, the family unit is often
living in different geographical areas and usually quite
involved with their own lives, careers, and families. In
addition, when both parents are alive, often one or both
parents are quite independent and not requiring a lot of
assistance. As time goes on things of course change and
sometimes very suddenly, there is a crisis, with regard
to the health care needs of one or both aging parents.
With our baby boomers facing this problem in ever
increasing numbers, and with the information highway in
full bloom, there is a definite need for planning. To
protect a parent's assets and health is a huge and
daunting undertaking that requires a tremendous amount
of education and practical application.
Our seniors face many diverse responsibilities upon
reaching age 65. To name just a few, Estate planning,
taxation, Medicare, social security, wills, insurance,
and various and sundry other legal and financial
matters. All of these different areas require expertise
from accountants, lawyers, estate planners, insurance
agents, home brokers, financial advisors, and others.
The Internet is a good starting point for most people to
find resources for your questions and solutions for your
problems, however, there is still no replacement for
good solid intelligent advice from an expert.
Twenty years ago, insurance for elders was sold by
“senior insurance specialist’s” with just a handful of
companies in each state. The programs were most often
medi-gap or Medicare supplement policies that covered
the expenses not covered by Medicare, (hospital and
doctor deductibles, durable medical devices, and non
approved Medicare costs). Ironically these specialist’s
did not sell a lot nursing care policies, even though
Medicare paid a national average of less than 2% of