About Mediclaim for Senior Citizens
Parental love is selfless and unconditional. They have been our support system right from the time we were born. But due to our work and busy lifestyle, we often forget that our parents are getting old now. They have different healthcare needs, medical expenses, and entail better care in this phase of life. Now the question arises how you can give them extra care? The answer is a comprehensive mediclaim policy for senior citizens. Yes! It is true. A senior citizen mediclaim policy is specially designed for elderly people who are above 60 years. It provides cashless hospitalization, daycare expenses, no claim bonus, coverage for pre-existing diseases, and annual health check-ups. It also helps retired people to maintain good health and live a dignified life without taking financial stress. So, if you want to see your parents growing old gracefully and healthily, then opt for senior citizen mediclaim right now.
Key Features of Mediclaim Policy for Senior Citizens
A medical emergency can knock on your door anytime. Mediclaim policy for senior citizens protects you and your loving parents against sudden financial shocks. Read below its basic features:
- Cover pre and post hospitalization expenses
- Claims settlement either by a cashless facility or by reimbursement up to the sum insured
- Minimum 24 hours hospitalization is required to get the claim
- It also has specific exclusions
- Lifelong renewability is easily available
- No upper age for enrolment
- Additional riders for chemotherapy and radiotherapy
- Premium paid for family mediclaim comes under tax exemption
Importance of Mediclaim for Senior Citizens
Considering galloping medical inflation and skyrocketing costs of treatment, the mediclaim policy is no longer an option but has become a necessity of life. Its relevance increases when you have elderly parents with you. Read the importance of mediclaim for senior citizens:
- Immediate cashless hospitalization of senior citizens during a medical emergency
- Cover pre and post hospitalization expenses
- Hassle-free claim settlements with minimum documentation
- Annual health check-ups that include Sugar test, BP Test, Kidney Function Test, CT scan, Urine Test, Heart Check-up and more for elderly people
- Cover daily care treatment costs that arise due to routine medication, chemotherapy, and dialysis
- Pre-existing diseases are covered after the completion of waiting periods
- Ambulances expenses are also covered
How to Choose the Best Mediclaim Policy for Senior Citizens?
In today's competitive era, you get a plethora of mediclaim offers. But, you should be wise enough to make the right choice. Here you can read how to choose the best mediclaim policy for senior citizens online.
Tips to Choose Best Mediclaim for Senior Citizens
- Look for maximum coverage including pre and post-hospitalization expenses, diagnosis expenses, treatment, and medication
- Check the amount of premium with the help of online premium calculators available on the website to choose the policy that does not overburden your finances
- Read the exclusions available on the website to understand the conditions when your parents do not get the claim and choose the policy that has minimal exclusions
- Check the co-payment clause and opt for the plan that has a minimum percentage
- Check the list of the network hospitals available online to see what sorts of hospitals are partnered with the insurance provider
>> Check: Best health insurance plans
Benefits of Mediclaim Policy for Senior Citizens
It provides financial security and mental peace to your parents. You can read below the significant benefits of having the cashless senior citizen medical policy:
- Coverage against pre and post hospitalization expenses within the network hospitals to avails them the best treatment facilities without a cash crunch
- Coverage against recurring costs for treatment, medication, therapies, and dialysis that reduces the financial burden on you and your parents
- Annual health check-ups that save you lots of money and you can keep a track on your parent's health
- Avail tax benefit, under section 80D, as the premium paid against mediclaim insurance policy for dependent parents or senior citizens is exempted from tax up to Rs 50000.
- Give a better life and complete healthcare to your parents after their retirement so that your hard-earned money and their savings will not be drained.
Your small investment in senior citizen mediclaim policy makes them financially immune and assures world-class healthcare facilities to them. So, if you are shouldered the responsibility of your elderly parents, then check the plans offered by Care Health Insurance (Formerly Religare Health Insurance) that are exclusively designed for senior citizens. These plans cover all their medical expenses with advanced healthcare facilities. Therefore, opting for a mediclaim policy for your parents is the best way to take their good care and make their lives easy in their old age.
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