What does Attained Age mean in an Insurance Policy?

Attained-age in a health insurance policy or Medicare coverage is the age you are when you actually sign up for Medicare Advantage, Original Medicare, or any health insurance or life insurance policy. In order to have either the Original Medicare or Medicare Advantage programs, you must either be 65 years old, have been deemed disabled by the Social Security Administration, have end-stage renal disease, or have ALS.

• If deemed disabled by Social Security, you may be able to have a Medicare coverage plan at a younger age than 65.
• In an insurance policy, "attained age" refers to the age of the policyholder at a given point in time.
• Specifically, it refers to the policyholder's current age as opposed to their age when they originally purchased the policy.
• Attained age is an important consideration in insurance policies, particularly those that are based on age-related factors such as premiums or benefits. For example, in a life insurance policy, the policyholder's premiums may increase as they age, since the risk of death generally increases with age.

Similarly, in a health insurance policy, the policyholder's benefits may change as they age, since the risk of certain medical conditions may increase over time.

Attained age is often used in conjunction with other factors, such as health status, gender, and occupation, to determine premiums, benefits, and other policy terms. It is important for policyholders to understand how their age and other factors may impact their insurance coverage and costs and to work with a qualified insurance professional to select policies that meet their needs and budget.

MedHelpCenter.us recommends that you call the Senior Health Insurance Agency at 813-592-8568 for further explanation.