Question

In regards to health insurance, employees age 65 or older are typically required to ________?

1) pay higher premiums
2) receive additional coverage
3) switch to a different insurance provider
4) cancel their health insurance

Answer 1

Employees age 65 or older are typically required to enroll in Medicare, a program that ensures health insurance coverage for older adults, reducing the risk of adverse selection and high insurance costs in private plans.

Step-by-step explanation:

In regards to health insurance, employees age 65 or older are typically required to enroll in Medicare, which provides health insurance to all those over age 65. In the U.S., the main approach to provide health coverage to various groups is through employer-sponsored plans or government programs such as Medicare for older adults, programs targeting military veterans and their families as an added benefit, and plans designed for children in families with relatively low incomes. Medicare serves as a fundamental option that aims to provide at least basic health insurance coverage, thus helping to reduce the problems related to adverse selection and the high costs that can be associated with private plans for the elderly.