Medicare - Supplemental Health Insurance - Changing Medigap Policies and Losing Medigap Coverage

Sometimes, elderly Americans who have Medigap insurance to supplement their Medicare coverage wish to switch to a different policy. Other times, they must select a new policy if they wish to continue coverage because their insurance company goes bankrupt or because they move out of the policy's service area, for instance. This article discusses the typical circumstance in which an insured wishes to change policies to obtain additional covered services or to find lower premiums.

Housing - Federal Public Housing Programs - § 231 Housing Mortgage Insurance For The Elderly

The § 231 program provides low-interest, fixed-rate mortgage loans to housing developers for either construction or rehabilitation of rental units occupied by the elderly or the handicapped.

Unfair and Deceptive Insurance Practices; Rebating

In the insurance business, rebating is a practice whereby something of value is given to sell the policy that is not provided for in the policy itself. An example of rebating is when the prospective insurance buyer receives a refund of all or part of the commission for the insurance sale. Rebates can be made in the form of cash, gifts, services, payment of premiums, employment, or almost any other thing of value.

Consumer Fraud - Warning Signs

Elderly Americans, who were raised in a more trusting, personal era, can be particularly vulnerable to some types of consumer fraud, especially if they live alone and are accessible to telemarketers because they are home often. At least three types of consumer fraud may be directed at the elderly population: that which is conducted in person, that which is conducted by telephone, and that which is conducted by mail. This article is designed to help separate legitimate opportunities offered through these avenues from those that may be fraudulent by educating consumers about the potential warning signs of fraud.

Medicare Supplemental Health Insurance

Many private insurance companies sell coverage to supplement Medicare coverage. Two basic types of coverage are available: Medigap policies and Medicare SELECT.