Bridge Plan Insurance provides health insurance coverage to those who are waiting for Medicare eligibility. Bridge Plan Insurance is available to persons who are in the age group of 60 to 95 years.
The exact duration for which the Bridge Plan Insurance is available depends upon the state restrictions. It is very helpful and only one of its kind insurance for elderly new immigrants who come to the U.S. on a permanent basis. As described in our guide, new immigrants are not eligible to get Medicare for the first 5 years and even after 5 years, unless they have worked in the U.S. for 40 quarters (usually, 10 years), they will have to purchase Medicare and be the age of 65 years or above.
Bridge Plan Insurance allows people to choose from policy maximum and deductible combinations of $1 million maximum and $1,000 deductible, $500,000 maximum and $2,500 deductible, $250,000 maximum and $5,000 deductible, and $100,000 maximum and $10,000 deductible - availability depends on age. After you pay the deductible, the plan pays 100% up to the policy maximum.
In order to apply for the Bridge Plan Insurance, you will have to fill the paper application and submit it to us. Once we receive the application, it would go through underwriting and you may be required to go through various medical tests (at the insurance company's expense in most cases). Accordingly, the policy may be issued or may be excluded for certain conditions or denied.
The Bridge Plan Insurance is administered by Petersen International Underwriters and is underwritten by Lloyd's, that is rated A "Excellent" by A.M. Best Company.