The best type of health insurance available to seniors above the age of 65 is Medicare Advantage Plans. Individuals who buy these plans can visit almost any specialist, doctor, or hospital and get their services for very little or nothing at all. The only challenge with Medicare Advantage Plans is that the companies who offer this kind of insurance have strict guidelines which can make it difficult to qualify should you have pre-existing conditions. You can make a huge difference in the quality of health care you receive and your out-of-pocket expenses for physician and hospital services using guaranteed issue guidelines to buy one of these plans.
The initial enrollment period is the most commonly used guaranteed issue period. It starts on the first day of the month when you both enroll in Medicare Part B and you exceed the age of 65. This period last for six months and you can enroll for any plan with any company during this time without responding to any health questions. During their initial enrollment period, the majority of seniors purchase Medicare Advantage Plan F, but over the past few years many have been persuaded to sign up for Medicare Advantage Plans, which offer less coverage.
The second most popular guaranteed issue period takes place when seniors decide to continue work after the age of 65. During this period, they are usually covered by employer plans, which provide better coverage to original Medicare. However, they have a 63 day guaranteed issue period where they can enroll in the plan of their choice when they finally retire and leave their employer plan. This guaranteed issue period also covers retirees who are still covered on their previous employers plan.
Medicare Advantage Plans almost always provide better coverage to Medicare Advantage Plans, which is why many people are choosing to sign up for original Medicare and enroll in advantage insurance. Over the past few weeks, thousands of seniors have received letters informing them that their coverage with their current advantage plan will be terminated at the end of the year. This category of persons have a special guaranteed issue period where they can enroll in any type of plan with any company without being asked any health questions. People who have health issues should use this period to enroll for a Medicare Advantage Insurance plan.
Seniors who have bought Medicare Advantage Plans in the last two years can also enroll for Medicare Advantage Plans and can qualify for guaranteed issue also, especially if that was their first time buying a Medicare Advantage Plan. Most people are likely to use this little known rule to buy a superior plan, especially if they are not satisfied with their current coverage. This is becoming common place as doctors and hospitals do not often accepting these types of plans.
The best option for seniors is Medicare Advantage Plans, particularly if they have complicated medical issues that require special attention from a specialist. With this type of insurance, they have more options concerning who they can visit, and they will have less out of pocket costs for medical services rendered.