Health care costs are now on an all-time high. As
we age, health care cost keeps rising steeply which is more like a burden, especially when we hang our boots. This
is the reason that senior citizens have to think twice before spending each
penny. They need to pay for their emergency expenses
and medical expenses from their hard-earned savings.
Health insurance is a necessity in today’s
age. But, senior citizens find it really difficult to select a good health insurance plan. Health insurance is now too expensive and it also requires extensive medical tests which they
find difficult to undergo. However, today there are many good health insurance
policies that are apt for senior citizens and they can choose the same for
their life.
How to Choose a Health Insurance Plan?
The premium amount is not the only criteria
while you choose the right health care plan. You have to choose a plan which
covers critical care, hospitalization expenses and the number of network
hospitals. Also, you have to choose a higher premium which provides you an
adequate coverage. The sum to be insured must be of a very high amount as the
medical expenses are going up every day. The
inflation in the health care industry is said to be around 15%. The policy
should also have a low waiting period for specific illnesses which falls under
the pre-defined time frame.
Consider the following health insurance plans
for senior citizens.
1. Varishta Bima from National Insurance
This is a very senior citizen friendly plan splendid, what works for in its favor is its
entry age, which is as high as 70.
The plan covers a maximum coverage of Rs 1 lakh
for hospitalization. Extra charge for conditions
such as diabetes and high blood pressure are charged 10% extra, these
conditions are covered 31 days after commencement of the plan.
2. Heart Beat from Max Bupa
This plan also allows senior citizens of
more than 70 years to join. The features of this plan include no sub-limits on ICU. No claim
bonus is available. There is no waiting
period for accident coverage. It is one of the most expensive plans available and provides health care and support for older adults.
3. Red Carpet from Star Health
Many critics believe this to be one of the
best health insurance plans for thesenior citizens. The biggest advantage of this plan is that the entry age
is not 70 but 74. While buying the policy, you are required to declare your
pre-existing illness(es) and you are also not forced to undertake any harsh tests,
unlike other plans. Many pre-existing conditions are covered. Also, there is a
two-year waiting period. There is a 5000
limit on post-hospitalization expenses.
