Bridging the Gap to Medicare
Despite the strides the Affordable Care Act has made in the world of healthcare, medical insurance gaps exist in this country. It’s true, not every senior-aged individual living in the United States qualifies for Medicare at the same point in life. ACA guidelines and state and federal insurance regulations occasionally leave some American demographics without a government sponsored or approved medical insurance outlet. Additionally, because of age and residency restrictions, private insurance and healthcare exchanges are not often available solutions to many of the elderly foreign nationals residing in the U.S.
The best solution to these healthcare dilemmas is The Bridge Plan, a major medical insurance platform catering to U.S. residents awaiting Medicare eligibility. The program was developed in 1991 by Petersen International and has evolved over the years to faithfully serve as the go-to gap healthcare product for persons aged 60 years and older who are not yet eligible for Medicare or who have missed their enrollment window. The product has also been a wonderful solution for those who have immigrated to the U.S. and have yet to establish residency or have been permanent residents for fewer than five years and are still not eligible for Medicare.
The plan provides robust benefits that simulate Medicare protection platforms Part A and Part B. Part A covers hospitalization expenses including standard hospitalization, hospice facilities, skilled nursing facilities and home healthcare. Part B covers physician and surgeon expenses including in-patient and out-patient services as well as ancillary benefits for supplies, therapy and ambulance transportation expenses.
The Bridge Plan has no coinsurance or copay requirements and provides a maximum term of insurance up to 364 days at which time the client may reapply for a new policy period depending on the regulations of their state of residence. Most importantly, the plan offers a highly regarded PPO network which provides hefty discounts and savings for incurred eligible expenses. Whether your client is seen by an in-network or out-of-network provider, they are covered for treatment at any medical facility in the country.
The Bridge Plan offers various benefit level options, including high limit benefits up to $1,000,000 for persons in their sixties.
To request a product brochure and to hear more about the Bridge Plan, its benefits, services and pricing, please contact our medical insurance department at (800) 345-8816.