Alyssa Lane
AARP, formerly the American Association of Retired Persons, is a non-governmental, non-profit, non-partisan organisation that empowers people to choose how they live, regardless of age. AARP offers a range of insurance products to its members, including auto, health, home, life, dental, and Medicare insurance. The organisation also provides access to carefully chosen benefits from third-party companies, such as UnitedHealthcare and The Hartford. AARP members can take advantage of exclusive discounts, resources, and benefits, including savings on auto and renters insurance policies.
| Characteristics | Values |
|---|---|
| Type | Nonprofit membership organization |
| Focus | Helping Americans 50+ |
| Insurance Type | Health, Life, Home, Auto, Medicare, Long-term care, Dental |
| Medicare Supplement Insurance | Helps cover out-of-pocket medical expenses |
| Medicare Advantage | No membership required |
| Medicare Prescription Drug Plans | Available |
| Medicare Supplement Insurance Plans | Insured by UnitedHealthcare Insurance Company |
| Car Insurance | Customizable coverage, liability coverage, collision insurance, comprehensive insurance |
| Car Insurance Discounts | Average savings of $577, 10% discount for members |
| Long-term Care | Available in every state and district except Guam, Puerto Rico and the Virgin Islands |
| Health Insurance | Comprehensive and supplemental plans for members ages 50-64 |
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What You'll Learn
- AARP offers health insurance plans for members aged 50-64
- AARP Medicare supplement insurance plans help cover out-of-pocket medical expenses
- AARP auto insurance offers two types of liability coverage
- AARP members can access life insurance, with up to $150,000 of coverage
- AARP offers long-term care plans to help cover the costs of nursing homes and assisted-living facilities
AARP offers health insurance plans for members aged 50-64
AARP, formerly the American Association of Retired Persons, is a non-governmental, nonprofit, nonpartisan organisation. Its mission is to empower people to choose how they live, regardless of their age. AARP is not an insurance company, but it does offer branded insurance coverage to its members.
In addition to health insurance, AARP also offers its members access to carefully chosen benefits and products from third-party companies. These include life insurance, auto insurance, home insurance, and long-term care products. AARP members can also access pharmacy services, technology services, a branded credit card, and travel and leisure discounts.
AARP members can take advantage of exclusive discounts and benefits, such as saving up to 10% on their insurance policy. AARP also provides free resources to help members navigate their options and enrol in a plan.
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AARP Medicare supplement insurance plans help cover out-of-pocket medical expenses
AARP offers Medicare Supplement Insurance plans, also known as Medigap plans, to help cover out-of-pocket medical expenses that Original Medicare (Part A and Part B) does not pay for. These plans are insured by UnitedHealthcare Insurance Company or one of its affiliated companies and are available in most states.
Medicare Supplement Insurance plans from AARP provide additional coverage for healthcare costs that Original Medicare does not fully cover. For example, while Medicare Part B typically covers about 80% of Part B expenses, a Medicare Supplement plan can help cover the remaining 20%.
There are eight standardized Medigap plans offered by AARP: Plan A, Plan B, Plan C, Plan F, Plan G, Plan K, Plan L, and Plan N. Each plan varies in terms of coverage and cost, and some plans have higher monthly premiums but cover more out-of-pocket expenses. For instance, Plan C is a comprehensive plan that covers the Medicare Part B deductible, skilled nursing facility care, and foreign travel, but it is only available to those who were eligible for Medicare before January 1, 2020.
The best time to enroll in an AARP Medicare Supplement plan is during the Open Enrollment period, which is a six-month period starting from the first day of the month in which you turn 65 and are enrolled in Medicare Part B. You must be an AARP member to enroll in a Medicare Supplement plan, and membership costs $20 per year.
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AARP auto insurance offers two types of liability coverage
AARP auto insurance is offered through The Hartford and is exclusively available to AARP members who are aged 50 and older. The Hartford has been offering AARP members exclusive discounts and benefits since 1984.
In addition to liability coverage, AARP auto insurance also provides collision insurance, which covers your vehicle if it is damaged in a collision with another object, and comprehensive insurance, which covers non-collision events such as natural disasters, vandalism, or hitting an animal.
AARP auto insurance also offers roadside assistance coverage, which includes services such as battery charges, flat-tire fixes, fuel delivery, lock-out assistance, and towing. Members can also take advantage of discounts for defensive driving courses, hybrid and electric vehicles, and online quotes.
The cost of AARP auto insurance depends on various factors, including location and driving history. On average, customers pay between $121 and $162 per month, but rates can vary depending on individual circumstances.
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AARP members can access life insurance, with up to $150,000 of coverage
AARP, formerly the American Association of Retired Persons, is a non-governmental, nonprofit, nonpartisan organisation. Its mission is to empower people to choose how they live, regardless of their age. AARP is not an insurance company, but it does offer branded insurance coverage to its members.
AARP members can also access Medicare Supplement Insurance Plans, also known as Medigap, insured by UnitedHealthcare Insurance Company. These plans help cover out-of-pocket medical expenses that Original Medicare does not cover, such as copays, coinsurance, and an annual deductible. AARP members can choose from eight standardized Medigap plans, including Plans A, B, C, F, G, K, L, and N. These plans are available in most states, but costs can vary.
In addition to life and health insurance, AARP members can also access auto insurance from The Hartford. This coverage includes liability protection in case of an accident, collision insurance, and comprehensive insurance for non-collision events. The Hartford offers exclusive discounts and benefits to AARP members, including an average savings of $577 on car insurance.
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AARP offers long-term care plans to help cover the costs of nursing homes and assisted-living facilities
AARP, formerly the American Association of Retired Persons, is a non-governmental, nonprofit, nonpartisan organisation. Its mission is to empower people to choose how they live, regardless of their age. AARP offers a range of insurance products to its members, including auto, home, dental, and life insurance.
AARP also offers long-term care plans to help cover the costs of nursing homes and assisted-living facilities. These plans are provided through New York Life, a 175-year-old mutual life insurance company owned by policyholders. AARP's long-term care plans are available across the United States, except in Guam, Puerto Rico, and the Virgin Islands.
Long-term care can be expensive, and it is generally recommended for individuals or couples with financial resources exceeding the eligibility threshold for Medicaid but insufficient to comfortably pay $50,000 to $100,000 per year for long-term care. AARP's long-term care plans help cover the costs of nursing homes, assisted-living facilities, and in-home care, including assistance with daily activities such as bathing, eating, and transferring.
Additionally, AARP provides a calculator on its website to help individuals estimate the costs of different types of long-term care in their specific area. This tool can be valuable in financial planning for potential long-term care needs.
AARP's long-term care plans offer specialised protection for individuals and their belongings, demonstrating the organisation's commitment to helping its members safeguard their health, homes, and overall well-being.
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Frequently asked questions
AARP, formerly the American Association of Retired Persons, is a non-governmental, nonprofit, nonpartisan organisation. Its mission is to empower people aged 50 and above to live their best lives.
AARP offers Medicare supplement insurance plans, also known as Medigap, through UnitedHealthcare. These plans help cover out-of-pocket medical expenses that Original Medicare does not cover, such as copays, coinsurance, and deductibles.
AARP offers a range of insurance plans, including life insurance, home insurance, auto insurance, and health insurance plans. They also provide dental policies, pharmacy services, and Medicare plans.
AARP insurance plans are available to members and non-members. However, certain plans, such as the AARP Medicare Supplement Insurance Plan, require the purchaser to be an AARP member.
To get an AARP insurance quote, you can contact their partner insurance companies, such as The Hartford or UnitedHealthcare. You will need to provide basic personal details, vehicle information (for auto insurance), and information about your current insurance policy.
