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The first factor is cost, both long-term and short-term, and the benefits
most needed. Insurance companies uses several major factors in
determining rates; issue age, the age of the person today, the area in
which the person lives, where the person smokes, gender, and preexisting
health conditions including medications.
When choosing a plan seniors should consider their particular situation
and whether the benefits are worth the costs. For example, plan H, I,
and J offer some prescription drug coverage, but tend to be much more
expensive and in the end cost more than the benefits paid, depending on
the costs of medications.
Although millions of have some sort of private Medicare supplement plan
millions of others do not. Many of these people have joined Medicare
HMO's or similar groups.
Medicaid can also fills some of Medicare's gaps if the senior is of
sufficiently low income and assets to qualify.
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Long-Term Care
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Supplement
