A complete guide to buying Senior Citizen Health Insurance

As you grow older, your immunity weakens, and you become more vulnerable to various disorders and injuries. You need some extra care and support during these years. Thus, you need a Health Insurance Policy, so that should your health fail, it will help you meet all your medical expenses and ensure that you get the best treatment. 

Importance of Senior Citizen Plans 

Many companies offer special Senior Citizen Health Insurance covers for individuals above 65, as their health needs also require safeguarding. Things have changed in the 21st century. With inflation skyrocketing, medical expenses have become prohibitively high. Treatment for any illness can severely strain your finances, especially as a senior citizen, as by that time, people retire, and their income sources dwindle. 

Moreover, the rise in pollution levels is also ushering in several health challenges, and older people are highly susceptible to them. So, companies have realised that the need of the hour is to bring senior citizens into the fold of Insurance coverage. 

What benefits can you expect? 

A Health Insurance cover for senior citizens provides similar benefits as a regular medical care plan. It will cover pre- and post-hospitalisation costs, doctor’s consultation fees, room rent, diagnostic tests, etc. Senior citizens can maximise their tax benefits under Section 80D of the Income Tax Act, including cashless treatment, daycare expenses, and ambulance charges. You will not undergo special medical tests to buy the policy.  

Most Insurance providers will cover pre-existing illnesses. You are offered a higher quantum of sum insured with a hassle-free claim settlement process. The plan offers top-notch facilities, including Pre-Hospitalisation, Post-Hospitalisation cover, Road and air ambulance services, donor expense coverage, and Domiciliary and day care facilities, among its comprehensive range of benefits. 

The sum insured options range from Rs. 3 lakh to Rs. 50 lakh at an affordable price to provide senior citizens with peace of mind, knowing that they have access to quality healthcare when required. 

Points to note 

There might be a few exclusions in your policy. Ensure you read the fine print and only buy a policy that provides extensive coverage against illnesses. You may pay a steeper premium for your health cover. But even so, compare policies and buy one that requires you to pay a lesser premium than the others, without compromising on the coverage.  

Irrespective of the type of Health Insurance Plans you research, ensure you are aware of your needs and prepared financially to pay the premium and other associated costs. 

Conclusion 

To buy the Senior Citizen Health Plan, you can register on the online portal of the Insurance company, select the relevant plan, go through its offerings and eligibility, read the terms and conditions, inclusions, and exclusions, and pay the premium. Also, pay the premium on time every year to avoid discontinuation of coverage and benefits. Ensure the claim procedure is transparent, and you receive prompt customer support when required.