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Insurance options for parents

Hello Everyone, quick question. I live in Virginia and I was wondering if there are health insurances that cover parents. My wife and I are employed full time but our insurances do not allow us to add parents. I have seen in some discussion groups insurances offering employees to add their parents if the parents are dependents of the employee. Oh and the last time I checked heathcare.gov the basic insurance wanted $1,200/month premiums w/$8k deductible; not doable.

 

Thanks in advance for anyone's input & recommendations.

 

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Honored Social Butterfly

How old are your parents?

What's their own employment status?

So they do not get a tax credit subsidy to reduce their premiums for an ACA plan?

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Hello @gail1 thank you for reaching out:

- only 1 parent 78

- no employment history here in US..yea I brought her over 20 years ago. Green card status is good and has SSN

- since she never held any job no need to fill out tax return; they may get a tax break or credit but that would come at the end of the year when filling...how would that help with monthly premiums and the deductible? ...hence the effort to add her to my insurance plan. She has been diagnosed with dementia.

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@mkschmidtjr 

Because of her age, she isn't gonna qualify for an ACA plan (Healthcare.gov) or any private insurance.

 

But it sounds like she can do a BUY IN to Medicare Part A and from that point she can buy into Part B.  She can either buy a Part D Rx plan or if she can get a Medicare Advantage plan some come with Part D attached.

 

I can't figure out why Social Security didn't mentioned this to her years ago.

 

AARP: How do I qualify for Medicare? 

 

SHE HAS TO PAY FOR MEDICARE PART A AND PART B

 

Medicare.gov - Medicare Cost At A Glance

 

Below is a  Medicare.gov worksheet that does not get into specifics but will tell you if she is eligible and what her premiums will be - just follow along & answer - the citizenship question does not come until the end.

Medicare.gov - Eligibility & Premium Calculator 

 

I am just gonna give you my Medicare "Search" page link so you can read anything else that might apply to her or do another search for something specific - I search for "Immigrant eligibility"

.https://www.medicare.gov/search/medicare?keys=Immigrant+eligibility 

 

A  GOOD LOCAL MEDICARE Insurance Broker that knows all the ins and outs of Medicare maybe beneficial to you here -make sure they are knowledgeable on this topic.

My pal, somarco might be able to give you more info about using this type of professional.  I am sure he will be available shortly.

 

It isn't cheap but better than what you quoted - a rough guess would be about $ 625 per month for everything Part A, Part B, Part D - I do not know if they will assess her a penalty for not signing up when 1st she could - I think not.

I do not know if there is any extra help for her if she is very low inome - maybe.

Let us know how it goes.

 

 

 

 

Conversationalist

@GailL1 information is correct. Tried responding a few days ago. Forum would not allow me because I included links.

 

Part A premium is $458 - Part B $145

 

Might have to wait until the GEP and enroll (Jan thru March) with a July 1 effective date.

 

Might have LEP


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@somarco thank you for the information. Now I need to make some calls to see if we can purchase Part A and B much better than health exchange. Thanks everyone.

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