Know Why Health Insurance is Important for Senior Citizens


Know Why Health Insurance is Important for Senior Citizens

Age is just a number when you are young at heart! 60 years means you have entered the golden days of your life, where you are like a free spirit and have no social influence. However, god forbid, due to a number of health reasons, there is a higher chance that multiple hospital visits may happen at this age. As medical inflation continues to rise, a one-time hospitalization can exhaust your savings, especially when you have no fixed income post-retirement. But, if you have health insurance then you need not worry. Let us understand why health insurance is necessary for senior citizens.

What is Medical Insurance for Senior Citizens?

It is health insurance designed for senior citizens aging 60 years or above. Under this plan, older people get coverage for planned hospitalization or medical emergencies. This includes many chronic, and lifestyle diseases like cancer, kidney failure, heart failure, stroke, etc. From hospital admission to surgery, medicine, and therapy, all are covered. Moreover, it also comes with add-on benefits that help you extend its primary coverage.

How does Health Insurance Keep Senior Citizens Safe?

Considering the rising medical inflation and cost of treatment, health insurance for senior citizens has become a necessity for elderlies. As you get older you may be more vulnerable to chronic diseases, serious diseases, and even pandemics like coronavirus. Health policy has been considered an important investment especially after retirement. 

Benefits of Senior Citizen Health Insurance

Read below some of its important benefits:

  • Coverage for hospitalization includes in-patient hospitalization, pre and post-hospitalization, and domiciliary hospitalization.
  • The cashless treatment facility in network hospitals is ensured without cumbersome cash formalities.
  • Coverage for recurring costs of treatment, medicine, therapy, and dialysis reduces the financial burden of elderly people.
  • With the benefit of annual health check-ups, you can also keep track of your health.
  • Under Section 80D of the Income Tax Act 1961 of India, the premium paid for a medical insurance policy entitles to be exempted from tax as per rules.
  • Health insurance companies also cover ambulance expenses and organ donors.

Hence, it is important to choose the right health policy to play this second innings of a life well. In India, senior citizens either do not adopt any health insurance policy or are inadequately covered. Therefore, it is necessary for senior citizens to have medical insurance that is designed keeping in mind only their needs like the Senior Citizen Health Insurance Policy by Care Health Insurance. It is the best option for senior citizens. It covers their medical expenses and keeps them away from all health concerns.

Disclaimer: Plan features, benefits, and coverage may vary. Please read the brochure, sales prospectus, and terms and conditions carefully.


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