Remember your childhood days when your father would hold your fingers and make you walk; your mother would stay up all night when you were sick? There is no comparison of your parent’s love with anything. Even after you grow up, their love and care for you don’t fade; it only keeps growing more and more. As they age, it becomes your responsibility to make sure that your parents are happy and healthy. Sure, with the work and lifestyle that people follow today, it becomes difficult to spend much time but it is definitely doable. When your parents become senior citizens, keeping them healthy is all that you need to care for. Today, the availability of health insurance plans for parents, it has become easier than ever to take care of their healthcare expenses. However, there are a plethora of options available for such insurance plans and sometimes it becomes difficult to narrow down to the best one.
Senior citizen health insurance aims at offering financial coverage for healthcare to your parents. It doesn’t matter if you are 29 or 40, buying a health insurance plan for your parents is, in fact, quite a responsible thing to do. So, to help you select the best plan for your lifelines, here are some things that you must consider before signing on the dotted line: -
1. Expenses Covered
One of the first and foremost things that you must check is the range of coverage - what are the expenses that a senior citizen health insurance plan will take care of. Factors like pre-hospitalization, hospitalization, and post-hospitalization expenses must definitely be covered in the plan. In addition to this, it must also cover the health issues and vulnerabilities that come with old age.
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An important point to look out for, co-payment means that there will be an amount that the insured i.e. you have to pay for every claim. Here, the catch is that the payment amount from your end must be minimum. So, make sure that the insurance provider you select must charge a minimum co-payment amount.
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Another thing while looking for a mediclaim policy for parents is the waiting period especially for pre-existing ailments. Though each insurance provider has its own predefined range, in general, the waiting period for pre-existing ailments is 4 years. So, check all the terms and conditions beforehand so that your parents don’t have to go through any hassles.
4.Check for Sub-Limits
There are some plans that come with sub-limits which generally includes room rent, ambulance charges, few treatment procedures, and so on. Make sure to choose the plan that has the most reasonable sub-limits.
Other than these, also check out the additional benefits that health insurance plans offer, and then select the one that best suits the requirements of your parents.
Having a 20% co-payment clause, minimal sub-limits, annual health check-up, and more - Care for Senior, a health insurance plan by Care Health Insurance (Formerly Religare Health Insurance) is curated to give your parents a hassle-free treatment experience. Being a comprehensive health insurance provider in India, we make sure that all your health insurance needs are taken care of. Come; secure your parents’ health with us!