Standard Life has exclusively focused on serving the insurance needs of seniors for more than 50 years, and today is recognized as one of the country’s premier insurers in the senior market.
With a history of a strong commitment to integrity, we have built our company on quality service and developed our business to provide seniors with realistic products that solve their special needs for financial security.
Standard Life respects the wisdom and experience of older individuals and works hard to earn their trust. Our policies are sold and serviced by caring professionals who understand the needs and aspirations of our policyholders. We pledge to remain sensitive to the emotional and financial impact of aging and to keep abreast of trends in the growing senior population in order to provide our policyholders with the most effective products in the market.
The cost of being sick or injured does not end with the doctor or hospital bill, or even the cost of medicine. Unforeseen, out-of-pocket expenses that are not covered by most medical plans can quickly add up. “Health insurance”, a general term used for various types of insurance plans, was developed specifically to help with financial protection against loss due to sickness or bodily injury, and the unexpected out-of-pocket expenses that can blindside even the most careful planner.
There are many different types of health insurance that have attractive features and cover a wide range of necessities, such as supplemental health plans that offer specified coverage. Some are indemnity policies that pay cash benefits for covered incidents and can work in conjunction with your personal medical insurance plan.
The types of insurance available to you will depend on the product availability within your state, and coverage and premium will vary by carrier and plan.
Medicare provides a vital service to millions of senior citizens, but it doesn’t cover all the costs of medical treatment and any uncovered costs are your personal responsibility. For many seniors, these uncovered expenses could prove to be a tremendous financial hardship.
Medicare Supplement Insurance, also known as Medigap insurance is privately owned health insurance designed to supplement Medicare. It helps pay some of the health care costs, or “gaps”, that Medicare doesn’t cover – like deductibles, copayments and coinsurance.
There are eleven plans, A through N, with benefits mandated by the state and Federal law. While each company must offer the same basic benefits, the rates will differ between companies.