Posted: Sat Aug 23, 2008 4:51 pm Post subject: supplementary insurance policies
Guys..why don't we start a thread to discuss our supplementary insurance policies which would support our main policies!
I'm sure there are many floaters as well which have proven their worth as effective fillers. Anyone wanna share about the vital ones?
Its nice to hear from you after all these days.
Certainly we do have some useful ones. I think one of the most important ones would be condominium insurance which acts as a good complementary policy for home insurance. What do you think!
Regards, Fatman
Yupp...I believe condo insurance would also help you cover the valuables inside your home individually worthy of their respective market values.
I've come also across critical illness policies as a vital support complementing the ageold disability policies!
Evan
Hi, I think we should also count upon Long term care as a good supplement for your health insurance during the later part of your life. LTC has lots to offer you..all aimed at covering your life as a senior citizen. All you need to do is to pay a bit more in terms of your premium. It might seem a little awful..but think of the increased risk of covering the health of an aged person. Fatman
Hi Fatman would you care to tell me whether LTC covers all the benefits that the medicare covers! I'd truly love to know how its different than the other one...or for that matter how it is more powerful. May be it could be of real help to senior citizens like my father.
Regards, Roddick
Hi roddick..I think I could also participate in it a bit!
I've always known that medicare is paying for services which are quite different than the LTC services. Medicare won't ever meet your custodial care expenses when it becomes inevitable. Also you may be aware how medicare restricts its coverage when it comews to skilled nursing care.
So, LTC benefits can never really be compared with that of the medicare services. Thanx, evan
Hi..but hows it that people obtain skilled nursing facility coverage under medicare too!
I mean it sounds real contradictory..isn't it? You're sayin we have restrictions..what are they? -Roddick
Well certainly there are some probable circumstances:
* It must be certified by your physician that you need skilled nursing care on a daily basis.
* In order to get into covered nursing care facility you have to admitted to a hospital for 3 days in a stretch.
* If you're admitted to the nursing care within 30 days from your day of discharge from the hospital.
Hope you'd count the importance of all these factors!
Evan
Yeah, I have every reason to agree. But you would need to keep in mind that the reason for your receiving this nursing care has to be the same one for which you got hospitalized.
And please don't foget to obtain the certificate from your physician...which clearly states the requirement to get you treated under a skilled nurse every day..till you recover! Fatman
If your nursing care satisfies the aforementioned conditions..then your medicare would remain active for about 100 days. They would bear expenses for these 100 days of care. For home healthcare your hospitalization is not mandatory.
Evan
Yes..it is quite so for a home-based healthcare that treats your illness, Medicare would support you towards that health home service if it is obtained through a heath care agent. Medicare would even bear expenses towards home health visits under circumstances where you'd either need physio-therapy or speech therapy. You'd need to stay put in home. Fatman
See, Medicare also sponsors home healthcare visits when your doctor specifies your need for home healthcare & guides you about receiving such care back home. Another situation w'd be when your healthcare agency would also come into the picture.
Fatman
Medicare would usually support you with all these coverage benefits if the coverage conditions are satisfied. All the benefits would be continued for as long as it is needed. Services would be covered if such services are rendered through the following personnel:
* trained nurses
* home-based health servants
* medical assistants
* physio therapists
Posted: Sun Aug 24, 2008 10:58 am Post subject: insurance
This is ANOTHER subject that is a bit confusing to me....Supplementary Insurance. Is it like those 'discount' kind of things? I mean the discount cards, etc? If you can't afford Insurance ( Health, I mean), would a Supplementary Policy do ok? I just don't know of the 'pros' and 'cons' are of them. I've heard of them, but, I don't know all of the details. Can someone assist?
Hi..for medicare sponsored healthcare services you'd never have to bear a deductible. Even I'd think a co-insurance is not mandatory under such circumstances (excepting for medical equipments). If the medical equipmt is a durable one you might need to bear a 20% co-insurance. Fatman
