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This Web site contains a compilation of more than a thousand consumer finance  columns written by Tony Novak from the 1980s through 2006, updated and reformatted for maximum usefulness today.  New material was added after 2010.

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Insurance for 70 year old

originally posted: 11/22/2006  reposted: 2/18/2011 This post has not been recently reviewed or revised by the author and may be out of date. If you notice an error or are in doubt, please send a new question by email or ask for an update. Email

Q: I am concerned that the maximum coverage under Inbound Immigrant for a 70 year old father will only be $50,000. Considering high costs I am concerned what would happen if worst case he required hospitalization or treatment in excess of 50k. Is this insurance the only option or is there some kind supplemental possibilities?

A: Until recently, there were few or no options available. Now there are other options but the Inbound Immigrant is the best value on a comparative basis. The increase in price for additional higher levels of benefits is not proportional to the increase in price. For example, this policy provides up to $50,000 for about $100 per month but a policy that provides $500,000 comparable coverage (a tenfold increase) would cost significantly more than $1,000 per month (more than a tenfold increase) for a healthy 70 year old applicant. Most people are not interested at this price range so these polices do not get much media attention. In addition, there will be a non-refundable application fee, medical records (in English) may be required and paid professional help will probably needed. While your concern is valid, in most cases it would not be worthwhile to pursue other options. If you do want to proceed anyway, please see for additional information on this process.


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Inbound Immigrant health insurance