Factors to Be Considered While Choosing Health Insurance for Your Father
Your father is your superhero. He stands firm in all your ups and downs and gets along with you at every phase of life. But, over time, he grows old and develops different health-related problems. There are the chances that these diseases become chronic and take a toll on his health in the future. As the father’s day is knocking, gift your dad a comprehensive health insurance plan for a healthy life. It acts as an umbrella that covers his hospitalization and treatment expenses so that he can live a vigorous life without financial implications.
However, while browsing for health insurance policies, you can find a plethora of options. Therefore, it is advisable to consider the below factors to make it the right choice:
Check Eligibility Criteria
The very first thing that you should consider while selecting a medical policy for your father is the eligibility criteria. Some health insurance plans have specified age limits such as up to 65 years, whereas, some policies have no upper limit for enrolment. So, pick it according to the age of your father.
You can get a medical policy even if your dad has a smoking habit. However, you need to pay a bit higher amount of premium, and the waiting period is also longer due to the high-risk factor. However, the coverage and benefits remain the same. On the other side, if he does not smoke, then it will be easier to buy a health insurance plan for him.
Past Health History
Before you choose a health insurance policy, you should analyze your father’s past health history as well. You have to disclose his medical information as if he is taking any medicines, undergone any surgery, treatment, or medication in the past. If he has pre-existing diseases like hypertension, diabetes, then you have to choose the medical policy accordingly.
Observe your father’s lifestyle. If you feel that he has a sedentary lifestyle, bad eating habits, and his workplace is not safe, then opt for health insurance like critical mediclaim or cancer mediclaim. Under such a health insurance policy, he gets the cover for diseases like cancer, kidney failure, stroke, heart ailments, and different critical surgeries in the future. If he has a healthy lifestyle, then prefers health insurance with add-ons and top-up options.
You can enjoy the dual benefits of buying a health insurance policy for your dad. First, your father gets the coverage for medical and hospitalization expenses and can save lots of money. Secondly, you can avail tax benefit under section 80D of the Income Tax Act 1961. According to which, the premium you pay against the health insurance policy for your parents is entitled to tax exemption.
Thus, due to an increase in the number of critical illnesses and medical inflation, one-time hospitalization can derail your father’s finance. He is now more prone to life-threatening diseases, which make it vital to secure his health with the right health insurance.
Care Health Insurance (Formerly Religare Health Insurance) offers Super Mediclaim a comprehensive health insurance plan that covers pre and posts hospitalization, in-patient hospitalization, ambulance expense, therapies, etc. at an affordable premium. So, opt for our health insurance plan to gift your father a healthy and prosperous life.