Medicare is a federal health insurance program for those aged 65 and above. Here, traditional Medicare (Parts A and B) are doled out based on a fee-for-service arrangement. Part A covers inpatient/hospital coverage, while Part B covers outpatient/medical coverage; however, a deductible and copay may be required for both. Before signing up for health insurance, one must consider their medical needs, as the following services are excluded from traditional Medicare coverage: 1. Custodial care Custodial or long-term care facilities are meant for those with a chronic illness or disability. While they may not require constant medical attention, they may need help with daily activities such as walking, getting in and out of bed, dressing up, eating, using the toilet, cooking their food, and more. However, Medicare, Medigap, and most other insurance plans do not cover these costs. So, those looking for long-term care coverage must explore suitable Medicare Advantage plans. Some people may also be eligible for custodial care under Medicaid. 2. Overseas healthcare Medicare plans also do not cover most healthcare services or products availed outside the country. Under this rule, the jurisdictions recognized for Part A and Part B services include all 50 states, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.

An insurance plan serves as financial aid for those seeking a secure future for themselves against potential risks and losses. Particularly for those living with disabilities, such additional financial support can prove to be immensely useful in dealing with uncertainties and challenges. In the event of uncertainty, insurance plans offer disability coverage options and can provide significant assistance. Individuals with disabilities should be aware of some common insurance benefits they may be entitled to. What is considered a disability by insurance providers? Insurance companies consider disability as physical or mental, which may be caused by injury or illness. Insurance providers also consider congenital disabilities, that is, a condition that has occurred at birth. However, to qualify for life insurance, the condition should not directly impact one’s life expectancy. For example, a disability caused by a spinal injury will not affect life insurance rates. However, conditions such as PTSD or anxiety may affect the rates and application approval. Some common forms of disabilities that insurance providers recognize include the following: Cognitive conditions that impair thinking, communication, and memory. Vision and hearing problems Medical conditions that affect mobility. Mental health issues such as PTSD or post-traumatic stress disorder. The underwriting processes vary among different life insurance companies.