Yes, a 85 year old can still get medical insurance coverage. Depending on where you live, there may be a variety of options for medical coverage that are available. Eligibility for medical insurance will depend on your age, income level, state of residence, and a few other factors.
For seniors over 65, the best option is likely Medicare. Medicare is a government-run program that provides health coverage for those who have or have had certain qualifying disabilities, or who are of Social Security retirement age. Medicare has both Part A and Part B. Part A is hospital insurance and Part B is medical insurance. In general, it is more difficult to acquire health insurance with pre-existing conditions when older.
In addition to traditional Medicare, seniors over 65 can also opt for a private insurance plan, Medigap, which is supplemental coverage that pays for costs that Medicare doesn't cover. Private insurance companies also offer coverage for seniors over 65, although these plans normally limit their coverage to those with good health. In some cases, certain states offer discounted program options and supplements to Medicare for those who cannot afford a full-price plan.
Lastly, if you are looking for long-term care insurance, you may want to consider Medicaid or a special needs plan. Medicaid coverage is available for those with low incomes and limited resources. In some cases, Medicaid may cover both medical and long-term care costs. A special needs plan may provide home and community-based care for those who are disabled or over 65.
The best way to find out which medical insurance option is best for you is to speak with a local broker or advisor and get advice tailored to your specific situation.
