As we reach old age, healthcare expenses can get costly and because anything could happen, it’s extremely important to have trusted health insurance policies. Life insurance for seniors ensures that families and loved ones will be taken care of after the inevitable has happened.
In 2014, there were approximately 35.7 million people in the U.S. without life insurance, despite the fact that Medicare benefit payments totaled more than $597 billion. Medicare can help elders get the assistance they need regarding their health issues and future plans; according to the Congressional Budget Office, Medicare enrollees pay 45% of the price of high-quality brand name drugs and more than 55% of generic drug costs.
The struggles of aging can be very difficult for many. Some, worse than others, but overall, no one is free from at least some kind of mental or physical depletion at the hands of old age. There are numerous health risks to look out for and be aware of. Here are a few things you should know regarding your health:
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The flu and pneumonia are the seventh leading cause of death of adults aged 65 years or older in the United States. Although these two diseases are treatable through vaccination, these diseases still cause a tremendous amount of health problems for seniors.
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Heart issues are another major problem for elders. Wholly 84% of 65-year-old or older adults pass away from heart disease.
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For elder women, breast cancer is a major issue. According to a report titled “The State of Aging and Health in America,” getting a mammography testing done at least once every two years for women over the age of ____reduces breast cancer-related deaths.
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A disease that many Americans struggle with but are not even aware of: diabetes. The U.S. has a large population of obese adults and approximately one-third of U.S. adults have pre-diabetes.
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Chronic illness affects far too much of the U.S. population, making life insurance for seniors even more important because of their higher risks, as they have the highest rate of chronic health conditions in the world. Roughly 87% of U.S. adults report having at least one chronic illness and 68% admit to having two or more. Because of this chronic illness epidemic, more than two-thirds of all healthcare costs in the U.S. are for treating these diseases. Approximately 95% of all healthcare costs for older U.S. adults is for chronic conditions.
