Key Aspects of This Senior Citizen Health Insurance Plan
Health issues become more and more common with age. Seeing your parents lead a healthy and stress-free life during their old age is something that everyone wants. After all, they are the ones who have done everything for you, isn’t it? So, ensuring their happiness and safety naturally becomes your duty, which you undoubtedly should fulfill with all your heart. An important step in that direction is to ensure their health and wellness. Today, insurance providers have come up with senior citizen health insurance plans that are curated to offer financial aid for medical treatment to the ones who are 61 years and above.
With such an insurance plan, one can avail: -
- Both individual and floater coverage.
- There is no need for a pre-policy medical checkup.
- Annual health check-up for all insured people.
- The benefit of automatic recharge of the insured sum.
- Tax benefits under section 80D of the Income Tax Act of 1961.
Things to Keep in Mind While Selecting Insurance for Senior Citizens
One of the first and foremost things that you must check in the plan is the coverage on offer. The senior citizen health insurance plan that you select must cover the health issues and vulnerabilities that come with old age as well as the associated medical expenses which include both pre and post hospitalization charges.
Waiting Period for Pre-Existing Conditions
Another thing to remember while selecting senior citizen health insurance plans is the waiting period that it offers for pre-existing ailments. Generally, the waiting period offered by health insurance providers ranges up to 4 years for pre-existing conditions. So, make sure that you have gone through all the related documents.
Yet again an important point to check, co-payment means that there will be a fixed amount that will be paid by the insured for every claim that’s made. The minimum the co-payment is the better it is for you. We, at Religare Health Insurance, have a co-payment clause for 20% on every claim provided the age of the insured is 61 years or above.
Some of the insurance providers place a limit on the medical policy, which usually includes facilities such as room rent, ambulance charges, and certain treatment procedures, to name a few. Select the insurance plan that has a reasonable sub-limit.
Lastly, ensure that the health insurance for parents that you select includes a few additional features like coverage on extra family members, etc. Also, check out the list of exclusions in the policy. Since there are a lot of options available today, make sure to select the one that matches all the requirements.
Besides these, some of the other important advantages of a senior citizen's health insurance plan include ambulance cover, medical expenses, frequent health check-ups, and so on. Don’t let your age and health dictate the life you want to live; enjoy it to the fullest and stay insured with Religare Health Insurance.