Wow – newspapers, radio, and TV is full of insurance ads; whether it\u2019s Medicare Plans or Health Care Reform (ACA) plans. What\u2019s going on? Life today is active, especially for women aged 45 \u2014 55 who care for both their parents and children. These are the people caught in the \u201csandwich generation\u201d.
\nThese next several months could be very important for both your parents and you. If your parents do not have health insurance from their past employment and buy their own Medicare plans, they have a limited opportunity to change plans. Watch for the \u201cannual notice of change\u201d certain insurance plans must send out by October 1st. Review that information, make sure the plan is not discontinuing, benefits and co-pays meet your parent’s needs, the premium is still reasonable and all of their drugs are still covered. People on Medicare can make Medicare Plan and Medicare Prescription Plan changes from 10\/15 \u2014 12\/7 each year.
\nWhile caring for parents, people often neglect their own care. Now, it\u2019s time that you need to think about yourself and your family. If you are covered under an individual plan purchased after 10\/23\/2010, or substantially changed your plan after that date, you will, most likely, need to change to a Health Care Reform Plan (ACA) by 1\/1\/2014. It is estimated that 46% of all Americans will need to make a change to an ACA plan.
\nMany find this whole issue very confusing. You will be able to enroll for an ACA Plan online, through facilitators, or by licensed, certified health insurance agents. Agents have usually worked in the industry for years and understand insurance contracts, benefits, and provider networks. It is suggested that you call your insurance agent to see if they are enrolling people in ACA plans. If not, contact another insurance agency.
\nMany people will qualify for government subsidies to assist them in paying these premiums. There is some past research to be done concerning past and future income projections to calculate your premium. Be sure to address these issues in any conversation concerning health insurance. Penalties will be imposed on people who do not have ACA equivalent health insurance.
\nSo, in the next 2 – 3 months many people will be making substantial decisions for both their parents and themselves. Do not take this insurance issue lightly. It can be a matter of seeing a provider you wish to see or even receiving needed care.
\nCoordinating care for your children and parents simultaneously is not easy. What can you do to manage this? Three words of advice: Plan, Plan, and Plan. Legal, financial, residential, mental, and physical healthcare elements must be addressed prior to a crisis. A sandwich generationer should guide their parent through these issues and the primary issue of safety while being careful not to take all control away from a parent. Once again, it is important to start talking, making suggestions, and guiding early, do not wait for a crisis.<\/p>\n","protected":false},"excerpt":{"rendered":"
Advice for the Sandwich Generation Wow – newspapers, radio, and TV is full of insurance ads; whether it\u2019s Medicare Plans or Health Care Reform (ACA) plans. What\u2019s going on? Life today is active, especially for women aged 45 \u2014 55 who care for both their parents and children. These are the people caught in the […]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[25],"tags":[58,61,64,67,70,73],"class_list":["post-1150","post","type-post","status-publish","format-standard","hentry","category-health-insurance","tag-aca-plans","tag-health","tag-heathcare-reform","tag-insurance-plans","tag-medicare-plans","tag-parents"],"yoast_head":"\n