supplementary insurance policies

by evan » Sat Aug 23, 2008 04:51 pm
Posts: 1276
Joined: 01 May 2005

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?

Total Comments: 20

Posted: Sat Aug 23, 2008 05:25 pm Post Subject:

hi Evan,

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

Posted: Sat Aug 23, 2008 05:34 pm Post Subject:

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

Posted: Sat Aug 23, 2008 05:59 pm Post Subject:

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

Posted: Sun Aug 24, 2008 03:38 am Post Subject:

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

Posted: Sun Aug 24, 2008 03:50 am Post Subject:

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

Posted: Sun Aug 24, 2008 04:05 am Post Subject:

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

Posted: Sun Aug 24, 2008 06:53 am Post Subject:

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

Posted: Sun Aug 24, 2008 09:29 am Post Subject:

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

Posted: Sun Aug 24, 2008 10:00 am Post Subject:

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

Posted: Sun Aug 24, 2008 10:13 am Post Subject:

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

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