Senior Citizen Health Insurance

Nowadays, the cost of health care is getting higher. In this case, if the age of an individual increase, the health care cost also increases and it becomes a load on the individual. Every senior citizen has to pay their savings to the medical expenses. That’s why the senior citizen health insurances are offered that will compensate your higher medical expenses.

According to the IRDA guidelines, every insurance company has to provide coverage to people who age up to 65 years. This health insurance plan offers a wide coverage range of medical treatment of critical illness and accident that require inpatient hospitalization.

The health insurance coverage includes most of the health hazards when you are diagnosed.

Benefits of Health Insurance Policy

Another type of health insurance is the senior citizen medical insurance, which is specially announced for senior citizen in the family. In the insurance policy, an individual required to be up to 6o years old to utilize this plan coverage and benefits. Here, some benefits of an insurance policy for a senior citizen that are listed below:

Hospitalization Expenses

The senior citizen health insurance policy provides the payment for your hospitalization fees that include medical costs, doctor’s fees, nursing and more.

Day Care Costs

The insurance policy cost coverage, including procedures. Hospitalization is not included in this factor.

Cashless Treatment

With the senior citizen health insurance plan, the policyholder can access cashless facility at various hospital networks, which are included in exclusions and conditions.

Tax Benefit

Not only offers you the health benefits assurance, but also allows you to use tax exemption as per income tax act of sectioned 80D. In the health insurance, the premium paid is eligible for income tax.

Ambulance Charges:

The senior citizen insurance policy also covers the ambulance charges.

Pre-Existing diseases

The policy coverage involves pre-existing disease that is subject to specified terms and conditions.

The senior citizen health insurance plan is required for an individual who are retired and no source of income. If age increases, the risk of disease also rises automatically. In this case, the senior citizens need the financial support of medical expenses.

Advantages of Senior Citizen Health Insurance Policies

Other benefits of availing a senior citizen health insurance policy for your parents or grandparents,

• Enjoy free look period

• Utilize annual health Checkup

• Domiciliary Hospitalization Cover

• Policy renewal Option

• Reload of Sum Insured

• All day care procedures covered

The health insurance medical policy helps you to save your time and money. So, people choose the policy that offers better coverage at the best prices and it covers both critical and pre-existing illness.

Features of Senior Citizen Health Insurance

The senior citizen medical insurance offers you with the best health coverage over the age of 60 years. Here, some of the features of insurance plans are:

Financial Security

Nowadays, technology advancement has improved in medical science as well as compensating your treatment costs. Of course, every single visit to the hospital is yours to pay a lot of money for the treatment. The probability of falling ill between the age of 60 and 80 years is higher and this plan referred to as savior to keep your pocket happy.

Parents Security

It is impossible that people are always near their parents. If you are in abroad, the senior citizen health insurance plan will help your parents for medical treatment. They will offer you with the sense of security for getting their treatment in any hospital at the emergent time.

Treatment of Pre-Existing Disease

If your parents have any pre-existing disease, they can utilize the senior citizen insurance policy. When designing the insurance plan, every insurance company considered this factor.

Future Needs

People never know about their future health status. So it is better to buy health insurance for your future needs. If you have senior citizen health insurance policies, it will help you to stay relaxed in the future. So, get better treatment without using your savings.

Pre-hospitalization and Post Hospitalization

The hospitalization expenses are considered as the medical expenses that can get either before or after hospitalization. The hospitalization involves visiting the doctor for a regular checkup as well as medication or check-up examinations. The patient has been admitted to the hospital that the medical expenses are to be more relevant to the treatment. These factors must come under the post-hospitalization and pre-hospitalization expenses.

Free Medical Check Up

Purchase the senior citizen health insurance plans online that will help you to give a free medical check-up. When the policy comes up for the renewal, this is not a premium check-up or test.

Day-care Methods:

Mostly, insurance companies don’t cover the day-care procedures. But in the medical insurance, hospitalization is a mandatory one for at least duration of 24 hours. So people should opt for the best plan coverage, which has the highest number of day-care procedures.

Efficacy of Claim Process

The most significant features are the claim settlement ratio and claim settlement time. The faster the claim settlement time as well as elevated the settlement ratio, that means the insurance company is doing a better job with the candidates.

Now, people can compare the features like sub-limit, co-pay and consultant charges for choosing the best senior citizen health insurance online.

The senior citizen health insurance is one of the tools that help to take care of all the medical expenses of the emergency state. The policyholder and their family also get the coverage and adequate treatment and emergency hospitalization as well as medical treatments.

Moreover, people can choose the best health insurance based on your age. If you are older and above 60 years of age, you can choose the individual senior citizen health insurance that will give you the higher sum-insured against the medical emergencies. You can get more benefits from the insurance plan that includes free-of-cost ambulance, critical illness coverage, cashless admission and many more. It is the imperative that you can opt for the best one that meets your unique needs and goals as well as offer health coverage to all.