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Why health insurance is necessary for senior citizens?

Why health insurance is necessary for senior citizens?
October 4, 2021 camsrep
Why health insurance is necessary for senior citizens?

Growing old is a bittersweet experience. As our parent’s age, we are more concerned about their health and well-being as they will be more susceptible to illness. This is where a senior citizen health insurance policy comes into the picture. In this blog, we have covered everything you need to know about senior citizen health insurance policies.

What is senior health insurance?

A senior health insurance policy can be purchased for anybody above the age of 60. It will cover all the hospitalization expenses further in case of an emergency.

Is senior health insurance important for my parents?

It is absolutely necessary to purchase senior health insurance for your parents. Similarly, the medical policy provided by your employer will not suffice the cover your entire family. Hence by buying the right insurance policy for your parents, you can stay peaceful without worrying about the increasing cost of healthcare.

3 major benefits of senior citizen health insurance

  • Coverage for annual health check-ups
  • Easy renewal options
  • Tax benefits under section 80D

What is covered in a senior health insurance policy?

  • Daycare treatment like dialysis, cataract which requires less than 24 hours hospitalisation
  • In addition to that Room charges, medicine coss, ICU charges, anaesthesia, doctor charges, nurse charges and other surgery expenses.
  • Your insurance policy may also cover organ donor expenses. Check with your insurer if this is also available under the policy you have chosen.
  • Pre and post hospitalisation charges additionally .

How to choose the best senior citizen health insurance plan?

  • To begin with, take into consideration the medical history of your parents and assess their general lifestyle
  • Make a list of all the ailments they have and the ones you think they may be prone to. Based on that, shortlist policies that cover all these diseases. Choose the one that best suits you.
  • When it comes to senior citizen health insurance, co-payment alternatives are an option provided by the insurance company. This means the policyholder should 10% – 20% of the claim amount. We recommend you choose a policy with the lowest co-payment clause.

It always takes simple things to keep our parents happy. Once you purchase the insurance policy for them, e-Insure their documents. In this way, you can avoid wasting time searching for the insurance paper in the event of an emergency. e-Insurance is a digital vault that allows you to view all of your policies in one convenient location. Simply, provide the insurance desk at the hospital with your e-account number. Look how simple it is.

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Creating an e-Insurance account takes just a few minutes but comes with lifelong benefits.

e-Insure today with PolicyGenie.

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