Two important demographics in the health insurance sector are the seniors and the students. The seniors, for one, are those classified over 50 years of age, presumably retired (or are getting closer to retirement) and are in need of higher forms of medication. Students, on the other hand, are at the height of their youth. However, insurance is just as important as their school fees and upcoming college tuition. Likely, being concerned about having medical bills are the least of their priorities, which is why it is important to save up for it beforehand.
Looking at the Health Insurance for Seniors
The number of uninsured elders aged 50-60+ has been counted as 8.9 million in 2010. Those who purchase health insurance plans on the individual trade are expected to choose higher out-of-pocket costs for premiums, doubling the percentage of those who choose to have an employer-sponsored policy. However, the scenario is expected to change at the rise of the Affordable Care Act policy. As declared before the mandate is implemented, adults between the ages of 50-64 will have access to more affordable coverage.
With this act, insurers who sell coverage in the trade are required to accept every applicant, including those undergoing pre-existing medical conditions. There will still be charges implemented depending on the purchaser’s age, but the variation is limited. Also, Medicaid will be expanded to accept poor individuals, families and lower-income adults who did not qualify for the service previously.
Taking a Closer Look at Health Insurance for Students
Students need insurance just as everyone else, but they are unfortunately busy contemplating at their classes more than their health. ObamaCare has extended the benefits of being under their parent’s insurance, but it is still necessary for one to acquire an affordable plan after their age surpasses the limit. Within the press release http://www.emailwire.com/release/149388-Frost-Remer-Discusses-How-ACA-Affects-Health-Insurance-for-Students.html, Frost & Remer shares the importance of having a good health insurance policy for students.
With most things these days, you can start looking for insurance in the internet. There’s a plethora of information at your fingertips, allowing you to browse through options and comparisons without leaving your room. This way, you can go through various possibilities and pick the one you need.
Health insurance is important for everyone. Frost & Remer have discussed this in a video, http://www.youtube.com/watch?v=cP-7wIftn3s.