The American Association for Retired Persons stands as one of the largest insurance- providing organizations in America. Set up specially to offer products and services to senior citizens from 50 and above, the organization has its wings spread throughout the United States. It is predominantly not- for- profit in nature and despite being involved in financial transactions gets considerable tax relief and Federal advantages considering its not- for- profit existence. AARP’s base contains more than 33 million people and is considered as inferior only to that of the Catholic Church. For people between 50 and 64, AARP has four ranges of plans- Essential Premier, Essential Plus, Essential and a separate set of hospital indemnity plans.
In the Essential Premier Health Insurance Section you can choose from Premier plans, Preventive and Hospital Care plans and high deductible plans. The Premier plan range highlights affordability and has three deductible choices of $1500, $2500 and $5000. If you’re an individual, you pay 20% of the negotiated amount for in- network services and 40% for out- network ones for all three Premier plans. For deductible $1500 you pay a premium of $341, for deductible $2500 you pay $288 and for deductible $5000 you pay $207. There are two deductible choices in case of Preventive and Hospital Care plans- the first of $1250 and the second of $3000. For both, you pay 20% co- insurance for in- network services and 40% on out- network facilities. Besides that, the $1250 deductible plan demands $222 as premium and the $3000 plan charges $153. Barring the above two plan ranges, you also have high deductible plans in the Essential Premier section. All of these HDHP’s can be combined with a Health Savings Account. You can choose from two deductibles of $3000 and $5000. On both the plans you get 100% coverage once you meet the deductible in- network, while for out- network services you need to pay 40% co- insurance. As for premium, the $3000 deductible plan requires you to pay $263 while the $5000 deductible plan charges $226.
In the Essential Plus section, there are three different levels of coverage to let members exercise freedom about the deductibles and premiums they want to choose. Benefits are spread out in four sections- inpatient hospital services, surgery, outpatient hospital services and post- hospital care. In the hospital stay segment, surgery charges a deductible of $900 at the first level of coverage, $1200 at the second level and $1500 at the third. In the surgery segment, mastectomy charges a deductible of $1883 at Level 1, $2824 at Level 2 and $3765 at Level 3. For an outpatient service like emergency room you’d have to pay $75 as deductible at Level 1, $125 at Level 2 and $175 at Level 3. You need to pay all deductibles on the first day of every visit.
In the Essential plan section, you have four levels of coverage. For practitioner visits you are required to pay $50 upto 3 years time in the first two levels and $50 again in the next two levels, the time frame here being 4 years. For emergency room, you need to pay $50 with a maximum of 1 visit every year.
The Hospital Indemnity plan section boasts of 9 plans. For Plan RD pay $9 per month, for Plan RE pay $10.75 per month, for Plan RF pay $12.50 per month, for Plan RG pay $14.50 per month, for Plan RH pay $16.25 per month, for Plan RI pay $21.50 per month, for Plan RJ $23.75 per month, for Plan RK pay $25.75 per month and for Plan RL pay $32.50 per month.