Best Medicare Supplemental Insurance Plans For Seniors Without Medicare

Is it safe to say that you are retiring  soon? But you haven't worked your forty-quarters? You may be pondering on what do I do now for Insurance coverage? At Senior Healthcare Advisors We have the answers for you!

If You Are 65 Or Older And Not Qualified For Medicare 

You might be able to purchase insurance coverage through the market place to get a much lower monthly premium depending on your household income and size. However without health insurance coverage, you will be liable to pay penalties that most will pay without health insurance coverage.

Penalties 

What is this " penalty "? All things considered, this happens when you can afford the cost of health insurance or if you're offered medical coverage but yet you don't take it. You will then have to face a penalty. it is called "Individual shared responsibility payment"
Senior health insurance plans that qualifies as the minimum essential basic coverage.

You pay this fee when you file for your federal income tax return for the year you did not have health insurance coverage.
Now in some cases, you may be eligible for a senior health insurance coverage exemption from the requirement to have health insurance. If you do happen to qualify , you won't need to pay this fee.

Free Senior Health Insurance Coverage Quote 

If not the Marketplace then where?

You will also have the choice to get into Medicare. Despite the fact that this might be more costly it's generally smart to research this option.

Healthcare coverage for Seniors without Medicare,

Senior Care Health Insurance Retiree Health Benefits 

If you happen to have retiree health benefits, you're considered covered under the health insurance law. You don't need to pay the penalty fee that individuals without protection must pay.

In the event that you have a retiree health insurance plan and need to purchase a Marketplace plan, you can. But:

You can't get premium tax credits and other savings in light of your income. This is true only if you're really enrolled in retiree insurance coverage. In case you're eligible for however not enrolled in a senior health insurance plan or retiree coverage, you may qualify for premium tax credits and lower out-of-pocket costs household size and income.

In the event that you voluntarily drop your retiree coverage, you won't qualify for a Special Enrollment Period to enlist in another Marketplace senior insurance plan. You won't have the capacity to enroll in senior health insurance coverage through the Marketplace until the following Open Enrollment time frame.

Have more questions? Call us at   866 229 6729