As they get older, your parents will likely start to develop some serious health problems. Obtaining a health insurance plan for them is very important. It’s also vital to find a quality plan that fits their needs. Our insurance professionals at Luft Insurance Agency serving Escanaba, MI could provide you with various options in searching for that quality health care plan.

Find out which Health Plans They Qualify for

Your parents could qualify for certain health insurance plans depending on their age. For example, when they reach the age of 65, they may qualify for Medicare, Medicare Advantage, and Medicare Supplement (Medigap). They would need to be permanent US residents or citizens for five years to qualify for Medicare. In addition to this, they will have to pay ten years of Social Security taxes.

How Much Will They Have to Pay for Out-of-Pocket Expenses?

When searching for a health plan that meets their needs, you must consider out-of-pocket expenses. These expenses include their monthly premium, deductible, co-insurance, and co-payments. One plan may have a low premium but a high deductible, while the other plan may have a higher monthly premium but a lower deductible. Examining which is right for your family’s budget is important.

Which Health Plans Cover My Parent’s Provider?

Another important consideration is which health plan covers your parent’s provider. If your parents have a regular physician they normally go to; you need to find out which plan has them in-network. Otherwise, they’ll have to pay more if their doctor is out-of-network. PPO plans may allow them to continue to see their regular doctors.

Find out about your Health Care Options

Your parents are getting older, and it’s vital that you find a healthcare plan that meets their specific needs. Contact our office at Luft Insurance Agency in Escabana, MI to schedule an appointment today.