Health Insurance Options?

Question

My grandmother (65) and Grandfather (63) have AARP Life Insurance, and Medicare, and looking for someone to have Secondary Health Insurance with. Would it be best to have it with AARP since they have Life Insurance with them? Or should they get it from someone else for cheaper? We live in TX

Answer 1

It really depends. You want to have the most benefit for the money. If you buy the AARP supplement for let's say, $100, but it doesn't cover any of the doctors they see regularly, they just wasted that $100. BUT, if another plan costs $250 and it covers every doctor they see for anything, then the extra $150 is WELL worth it!

My advice - do a little research. First check to make sure any doctor they see more than once a year is on the plan as a participating or preferred provider - that will reduce their out of pocket greatly. Then make sure it will cover anything else they need - if they have a condition that requires a yearly test - like a heart condition and a stress test - make sure that would be covered. It's all about getting the most for the money.

Good luck!!!

Answer 2

You really need to research all of the plans out there because it can depend on how many medications your Grandparents are on, is the premium going to be to expensive for them?

It could also be better for them to get on a plan (called a Medicare HMO plan) that not only coveres a doctor and hospital but their scripts as well.

Simply choosing a insurance plan because they already have life insurance with them - IMHO, is not a good idea UNLESS they are going to give you a price break for having multiple types of insurance coverage with them.