When compared, the main differences between these two types is:
TYPE 1
vs.
TYPE 2
Monthly premiums
vs.
Normally less than type 1
Little or no cost for medical care
vs.
Copayments for medical care
Choose any Medicare provider in the USA
vs.
Network providers
Choose any RX plan
vs.
RX plan included with health plan
Portability
vs.
Must reside in the plan service area
Dental seperate
vs.
Dental option on some plans
Cost more for extra benefits
vs.
Extra benefits like gym membership
Change Medsup plans anytime
(Medical history may be required)
vs.
Change plans once per year
MEDICARE SUPPLEMENTS:
Aetna, Anthem Blue Cross and Blue Shield, Humana, Medico, Mutual of Omaha, Transamerica and United Healthcare (AARP).
MEDICARE ADVANTAGE PLANS:
Prominence, Senior Care Plus, United Healthcare Medicare Complete – AARP.
LIFE INSURANCE:
Final Expense Plans, Wealth Transfer Plans, Life Insurance with Long Term Care Benefits.
Dedicated to Enhancing the Quality of Life of Aging Adults.
Changing the way we age. We are committed to improving aging adults’ quality of life by leveraging our data-driven research and expert-informed insights to inform critical decisions made by seniors, caregivers, influencers, and leaders in the senior care industry.
How Many Seniors Have Student Loan Debt and Where Can They Find Help?
Having student loans at age 65 or close to it can be incredibly stressful, but it’s also surprisingly common. We recently created a guide to help retirement-aged individuals navigate their student loan debt repayment options as well as a refinance calculator tool.