health insurance for senior citizens

Getting Health Insurance for Your Parents? Read This First!

5th August 2021 8min read 272 views

Purchasing health insurance for the first time can seem a little daunting. You often second guess whether you’ve got enough coverage or whether you opted for the right add-ons. If you’re young and healthy, chances are you’ll have enough coverage, and your premium will be pretty affordable. But if you’re a senior citizen, or you’re buying insurance for your parents over 60, the process might be a little tricky. There are a few crucial details you must consider while buying health insurance for senior citizens.

Waiting Periods

Generally, you have to wait for a little while before you can start making non-emergency claims against your health plan. You have to wait longer for pre-existing illnesses and some procedures, like joint replacement surgery. While browsing for health insurance for senior citizens, policies that have shorter waiting periods are advisable. All the top

health insurance companies

in India offer specialised senior citizen health policies with reduced waiting periods.

Pre-existing Illness Cover

As we all grow older, our health tends to take a bit of a turn for the worse. By the time we get to our 60s, we may deal with hypertension, diabetes, heart disease or other problems. Some health policies will not offer cover for these pre-existing diseases. For senior citizens, having coverage for all kinds of medical issues is necessary. So, you need to look for plans that provide cover for certain pre-existing illnesses. Most health insurance companies will help you find customised policies based on your needs.

Preferred Treatments

Traditionally, health policies only cover allopathy treatments. Over time, both medicine and health insurance have evolved. Today, you can look for plans that also cover AYUSH treatments. Many seniors opt for Ayurvedic, naturopathy or homoeopathy treatments. So, look for a health policy that covers their preferences.

A Wide Network

Cashless claims are probably the most vital benefit of having health insurance. When you get a covered treatment at a network hospital, you do not have to worry about paying money upfront and waiting for reimbursement. Instead, your insurance provider will deal with the hospital directly. Since many senior citizens do not have access to a lot of liquid cash, they need to find a health policy with a great network of hospitals. All the top insurance companies in India have expansive networks, so you can get plans that facilitate cashless treatments at your preferred hospital.

The Right Sum Insured Amount

While picking a health policy for older people, you need to look for two things. Firstly, the sum insured amount should be enough to help them with whatever medical emergency comes their way. Secondly, it needs to be inflation-proof. Very often, senior citizens cannot boost their coverage over the years. So, you must pick a sum insured amount that will cover potentially higher medical costs in the future.

Now that you know what to look for, you can purchase the ideal health insurance policy for yourself and your loved ones.

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