Tuesday, December 11, 2007

Health Insurance - A Personal Story

I would like to share a good experience I had today that I hope may help some of you, a family member or friend. Neither my mother nor myself benefits in any way by sharing this information with you.

My mother is on Medicare, and today, she opted to change her supplemental coverage. She has been with Sterling with an option that paid everything. For the next year, her premium would have been about $1,740.00 in addition to the approximately $1,120.00 she would pay Medicare through Social Security. We learned about another Sterling option that is ideal for folks who do not require alot of doctoring. The premium is only $180.00/annually plus the amount taken out of Social Security. So for next year, her health insurance premiums will be about $1,300.00 instead of about $2,860.00. A big savings, especially for those on fixed incomes.

Within the next year, if her medical needs change or she would prefer to be back on her old plan or another option, she can change at any time without any questions being asked. After the year is fulfilled, she could still change back or take out another option, but would have to wait for the enrollment period, which is November-December.

The lady we spoke with was very knowledgeable and helpful. She said most folks don't understand or know these options are available through Sterling, since the plans are only a few years old.

1 comment:

Magicman said...

Amazing. Something that actually makes sense and benefits seniors with no hidden costs. Thanks for the info. I'll pass it on.