When you are young you feel that your strength will always stay the same and you will continue to live a life free of illnesses. However, you can never predict with certainty whether you would stay healthy at an advanced age. If you are a senior citizen, your immunity system is not as healthy as it used to be. Sometimes the impact could be sudden, leaving you looking for financial resources to pay your hospital bills. It has been observed that in India, people get into dire financial situations and have to either borrow money at a premium or sell their hard earned assets. In such a situation, it is most wise to get health insurance for the senior members in your family.
In the not so distant future,
medical policy rates medical innovations in India are estimated to increase twofold or threefold of the present day. Along with these, the costs too shall justify this growth. Treatment in specialised hospitals is increasingly being recommended by physicians to avail of the latest trends in medical practice. To get health insurance for the seniors in your family is an important decision and perhaps a senior health insurance the only option for any family nowadays.
Realising the importance of a proper senior health insurance, there are insurance plans formulated to suit the senior members of a family. Some of the senior health insurance plans can cover the people till the age of 75 years. The policy can ensure that the health insurance plan you opt for would be renewed till 75 years of age. Also, there would be no check on your health status at the time of renewal.
To get health insurance for senior members of the family, check the coverage under the insurance plans. Typically these plans can include the following:
Medical expenses incurred during hospitalisation for more than 24 hours. The expenses include doctor or surgeon fee, room charges, cost of medicine etc.
Day care expenses incurred on technologically advanced surgeries and procedures requiring hospitalization for less than 24 hours. E.g. Dialysis, Radiotherapy, chemotherapy etc.
Medical expenses incurred 30 days before and 60 days post hospitalisation.
When you get senior health insurance you can also consider the family floater option for everyone. In this option, the insured amount is applicable to all members of the family in a calendar year. The family includes the husband, wife and first three children up to a certain age. If one member of the family falls sick and uses up a part of the insured amount, the balance is available in that calendar year for the rest of the family.
