As your loved ones age, you must offer them a comprehensive healthcare plan to address their health needs. This is because the chances of infection and disease increase double-fold with age.
Selecting the best health insurance for senior citizens can be complicated and intimidating because so many insurance providers exist in the market. In addition, understanding why one is better than the other and what you should look for in the ideal plan is challenging.
In this article, let’s empower you to choose the ideal insurance plan for those exceptional senior citizens who need extra care and support as they age.
What is a Senior Citizen’s Health Insurance Policy?
Your parents have always protected you through thick and thin, and it is time for you to offer them the gift of good health. You can buy healthcare insurance for senior citizens designed for people over 60 years to take care of their health expenses.
Such a plan will help cover unforeseen medical expenses resulting from hospitalisation and daycare operations. The health plan will also offer your parents regular health checkups and other benefits.
Buying your parents the health plan will ensure they will not need to use their hard-earned savings to deal with illnesses. So, below are a few things to check before going for any specific plan.
No Prior Medical Test
If you have previously bought any health plans, you would know that the companies go for a medical test before you can buy. But for senior citizen plans, insurance companies offer insurance plans without needing an initial medical test. So, your option should be to go with an insurance plan that saves your elders from medical checkups.
Minimum Waiting Period
A waiting period is the duration you must wait before claiming an amount for pre-existing diseases. Almost every insurance plan you buy will have a waiting period to comply. Since, with senior citizens, the chances of pre-existing conditions will be higher, it is preferable to go with a plan that offers a minimum waiting period.
Lifetime Renewals
Health plans always have an expiry, meaning you will need to renew them by completing the process again. It can be a tricky thing with senior citizens and even time-consuming.
Therefore, when you look for best health insurance for senior citizens, check for the plan that offers you lifetime renewability. It will ensure you do not have to worry about searching for a new plan every time.
Wide Network Coverage
With senior citizens, you would need to find out when they need a doctor’s assistance or rush to an emergency. Therefore, their insurance plan should be the one which has the maximum number of hospitals covered.
It will help with cashless treatment and offer peace of mind of not arranging funds in advance.
Free Medical Checkup
The best way to diagnose a disease is with a timely checkup. But unfortunately, our elders seldom avoid going for a medical checkup due to the costs involved. This can become dangerous if they suffer from an unknown ailment.
Hence, focus on buying a plan for them with an annual free medical checkup facility. Such facilities will help in figuring out any underlying health condition and treating them accordingly.
No Claim Bonus Facility
For additional benefits, you must look for a policy that offers a non-claim bonus facility. This ensures you get some percentage of the policy amount carried forward the following year in case it is not used. It will be a great way to increase the sum insured for your elders.
Conclusion
Healthcare insurance is vital for anyone, irrespective of age. But with senior citizens, it is essential since they are more prone to diseases and ailments. Hence, it is your duty and responsibility to secure your elders by offering them the best healthcare plan.
Remember to check Niva Bupa Health Insurance plans when researching different options. They are pioneers in health insurance and offer comprehensive plans for you and your family.
