1. Medicare Supplement Insurance
Medicare Supplement Insurance, also known as Medigap, is designed to cover the gaps in Original Medicare coverage. AARP offers several Medigap plans, including Plan A, Plan B, Plan F, and Plan G. These plans help seniors pay for out-of-pocket costs such as deductibles, copayments, and coinsurance. One of the benefits of AARP Medigap plans is access to a large network of healthcare providers.
2. Medicare Advantage Plans
Medicare Advantage Plans, also known as Medicare Part C, are offered by private insurers approved by Medicare. AARP offers a range of Medicare Advantage plans, including Health Maintenance Organization (HMO) plans and Preferred Provider Organization (PPO) plans. These plans often include prescription drug coverage (Medicare Part D) and additional benefits like dental and vision care. AARP Medicare Advantage plans may also offer fitness programs and access to wellness resources.
3. Prescription Drug Plans
Prescription Drug Plans, also known as Medicare Part D, help seniors cover the cost of prescription medications. AARP offers several Medicare Part D plans with different formularies and coverage options. These plans can significantly reduce the out-of-pocket expenses on prescription drugs. Seniors can choose the plan that best fits their medication needs and budget.
4. Long-Term Care Insurance
Long-Term Care Insurance helps seniors cover the costs of long-term care services, including nursing homes, assisted living, and home healthcare. AARP offers Long-Term Care Insurance plans that provide financial protection and peace of mind for seniors and their families. These plans can help offset the high costs associated with long-term care and ensure seniors receive quality care. AARP Long-Term Care Insurance plans also offer flexibility in choosing care settings and care providers.