What should I do if the "40 points" of the immigrant family's retirement are not enough? ｜How can new immigrants and retired families buy endowment medical insurance?

What should I do if I did not collect all the "40 points"?

At RetireGuru©️ Retirement Academy"The '4 points' that new immigrant families must know to get U.S. retirement benefits"In the column, we pointed out that the U.S. government, in terms of retirement pension benefits (medical insurance + pension insurance), is essentially an "insurance company" that provides public services—it collects taxes from each of us every year. "Premiums" are deducted from family income.

When the 40-point standard of the "insurance contract" is reached, the insured can apply for retirement benefits when they retire—for example, apply to enter the medical insurance market for the 65-year-old retiree, and choose a medical insurance plan that suits them.

However, if you don’t collect the points-such as new immigrant families, or retired immigrant families,There is no "40 points" at all,what can we do about it?

to this end,American Life Insurance GuideInvited the co-founder of Humming LifeHeather, Using specific case questions and answers to help community readers understand, "New immigrant families do not have 40 points, what about pension and retirement medical insurance in the United States?"This question, the following is the full text.

Question: When my mother was 65 years old, she decided to take care of the elderly in the United States.But she obviously doesn't have "40 points", so how should she buy medical insurance?

Heather:Before 2014, there was almost no alternative.Due to the social system, at that time, new immigrants and retirees over 65 years old like your mother were usually unable to buy private medical insurance.

Question: Don’t retired people over 65 have retirement medical insurance?Can't she apply?

Heather:To apply for the public medical insurance plan (commonly known as the red and blue card plan) for retired people aged 65 and above that is operated by the U.S. government, a 5-year residence waiting period and other conditions are required.If your mother has just arrived, this situation should not meet the requirements of the application.

After she has lived for 5 years, she can apply to join the government's public medical insurance plan aged 65 and above.

Question: My mother runs her own company in China, but she has never worked in the United States, so she does not have 40 points. Can she also apply for this medical insurance plan?

Heather:It is possible.If you don’t have enough points or don’t have points when you apply to join this medical insurance plan,You can pay at your own expense to make up the points.The specific medical insurance part price difference table will be updated regularly by the Social Security Administration responsible for retirement benefits.

Question: What kind of medical insurance can she buy now?

Heather:In the past, one temporary solution offered was,Purchase and regular renewal of travel medical insurance.It's still feasible now.The advantage isThe cost is relatively cheap,The disadvantages are also obvious, There are certain limitations in claim settlement (such as not claiming pre-existing diseases), and may face some follow-up problems.

Now-I have to mention the positive results of the Obama administration's reform of the medical insurance market in certain groups-like your mother, who is not eligible for applying for the public medical insurance plan (Editor's note: commonly known as the red and blue card plan, operated by the US federal government Retired new immigrant families who have nowhere to buy private medical insurance can finally buy private medical and health insurance.

At the same time, you may also apply for certain tax credits (Tax Credits).