Senior Health Insurance

Senior Health Insurance

In order to stay healthy at any age requires affordable access to medical providers and facilities, especially for our valued senior clients. While healthcare costs continue to rise at alarming rates, Trusted Union insurance professionals continually seek to provide affordable health insurance options to mitigate out-of-pocket expenses currently affecting millions of consumers globally.

Why Senior Health Insurance?

When the quality of your local country’s healthcare system doesn’t meet your standards or needs, you can access superior health care globally for the treatment you are seeking because your plan is portable .
When your local healthcare proves to be too expensive and you need alternatives that will fit within your budget, the Trusted Union plans offer you many choices.
When you discover the local healthcare system is confusing or a struggle because of language or cultural barriers you are able to travel to another country where you can access a familiar and comfortable healthcare system.
When your country of residence requires you to have international private medical insurance you can meet those requirements on a global basis with individual or family health plan.

What Conditions or Illnesses are Seniors Covered For?

It’s certainly disappointing after purchasing a “comprehensive” health insurance plan to find that your particular illness or the treatment you need is not covered under your plan. Trusted Union offers senior health plans that will pay for the treatment of preexisting conditions that are typical for seniors:

  • Arthritis, including joint or back pain
  • Glaucoma
  • Hypertension (high blood pressure)
  • Osteoporosis and Ostepenia
  • Type 2 Diabetes

We Offer Carrier Selection

As insurance professionals, we recognize that clients and prospective clients want a selection of highly rated insurance carriers to choose from. We understand that consumers want control over their health care options and want the ability to purchase options that meet their individual needs.

We are pleased to be approved by the highest rated global insurance companies and understand the trust they place in us. All of our insurance carriers are rated A+ which allows us to comfortably offer their product selections and depend on their service to our clients.

We Offer Choices

By representing multiple health insurance carriers who offer multiple plans, your Trusted Choice insurance professional can help clients and prospective clients design a comprehensive insurance solution that will meet your individual needs and at rates your budget can accommodate. From Allergy Specialists to Urologists, we have an insurance plan that will help you deal with the costs of every medical specialist across the board.

We Provide Answers

When considering available coverages, deductibles, cost share, and out-of-pocket maximums, the Trusted Union insurance professionals are available to discuss your needs and help you navigate the confusing health insurance landscape. We are pleased to offer free consultations and free and confidential quotes.

SENIOR HEALTH INSURANCE FAQ

How much is health insurance for seniors?

It’s hard to give a number for everyone but in our experience, annual senior health insurance premiums range from inpatient to higher end outpatient. This number will vary based on the insurer you choose, the tier of coverage you choose, and your age upon application.

The primary factor for premium rating is your age. The idea is that older people are more likely to become sick or injured, and therefore claim benefits, than people who are relatively young. The older you are when you first purchase insurance, the more expensive your monthly or annual premiums will be for the same coverage.

If you’re worried about affordability, we can work with you to trim down unnecessary coverages (ie. maybe you don’t need coverage in the United States because you rarely travel there) or increase your deductible to lower the cost of your policy to more affordable levels. We can also add special coverages based on your specific needs.

It’s also important to note that unlike your property insurance policies, they do not calculate your premiums based on your claims history as long as your policy is community rated. Feel free to make full use of the benefits provided by your health insurance policy (ie. medical check-up discounts, eye tests, hearing assessments, etc.).

What is the maximum age for health insurance?

Most health insurance policies have an age limit set to prevent people aged 60 or sometimes 70 from getting health insurance. This is because most insurance companies have calculated that your risk of illness or death is too great at that age for this to be a profitable business.

That said, it’s not impossible for you to get insurance. There are new policies emerging that will accept applications from clients as old as 85 years old. This increase is due in part of concerns regarding the financial sustainability of the public healthcare system as people in Hong Kong get increasingly older.

But just because you can get insurance at a later age doesn’t mean you should wait that long. One of the primary factors insurance companies use to calculate how much to charge you (premiums) is your age bracket. The sooner you purchase health insurance, the cheaper your monthly premiums will be. Another factor are pre-existing conditions, the longer you wait, the more likely you are to have a chronic illness that insurance companies would exclude coverage for.

If you’re a senior citizen and want health insurance to help alleviate some of your medical costs, get in touch with a licensed Trusted Union advisor. We specialize in niche insurance and have access to over 40 multinational insurance partners to make sure you have the health insurance that best fits your needs.

Which health insurance is best for parents?

With a myriad of health insurance choices, it’s hard to know which one is the best. Part of the trouble is that there is no “best” health insurance coverage. There is just the coverage that is the most suitable for your financial situation, lifestyle and life stage.

For parents, we generally recommend a family health insurance policy as it covers everyone in the family for a significant discount versus insuring every family member separately. If you’re expecting children, a family health insurance policy might extend to cover the newborn. But if not, you should consider purchasing maternity insurance as well.

Get a Free Quote

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