The Best Arizona Medicare Supplement Part Two

For many Arizona seniors, the best Arizona Medicare Supplement may not be a Medicare Supplement at all. Many Arizonans are opting for Medicare Advantage plans to help reduce their total health care costs. Even the very best Medicare Supplements come with the added expense of a monthly premium. This cost savings allow Arizona seniors to reallocate those unspent health care dollars on other pressing insurance needs like long term care insurance.

Long term care insurance is the single most pressing insurance need for many Arizona seniors. Sixty nine percent of the people turning 65 will need some kind of long term care in their life time. The average annual long term care premium for individuals under 65 is about $1,337 annually. The very best Arizona Medicare supplements cost about $150 a month or $1800 annually. The concept of cost shifting of premiums from traditional Medicare Supplement policies to long term care insurance policies is a strategy every Arizona senior should start considering.

More and more Arizonans are going the Medicare Advantage route. Some are doing it because that is all they can afford but many are going that way because of the positive word of mouth these plans are receiving from their fellow Arizona seniors. In Maricopa County a Medicare Advantage HMO has a zero monthly premium. That is a huge savings over an Arizona Medicare supplement. Unfortunately, many who should be considering using these health care dollars for Arizona long term insurance are simply saving money on their health premium costs and not considering the hole they have failed to fill in their retirement health care plan.

Everyone should have a family discussion about how they plan to finance and who is going to do what in a probable chronic care situation or long term care illness. Meeting with a licensed independent insurance agent to see what a long term care policy might cost is a good starting place. My clients have all been surprised at how affordable long term care insurance really is.

If you would like to explore your Medicare healthcare options or look into a long term care insurance policy feel free to call me at (602) 502-3113 or follow this link and fill out a confidential quote request form.