Why Do Senior Citizens in India Need Health Insurance?

Health insurance refers to an insurance cover that pays for the dental, medical and surgical expenses that are incurred by the person insured. It includes reimbursement for any expense that is incurred because of any injury or illness.

With the increase in age, the risks associated with recurring health problems also increase. The old age of a person is less sound financially and more challenging physically. Thus, it becomes very important to have a senior citizen health insurance that takes care of any urgent medical expenses that a senior citizen may have to incur. To know about the best senior citizen health insurance schemes, click here.


Features of senior citizen health insurance

Old age brings several ailments with it. They are, at times, too expensive to treat. Thus, numerous insurance companies offer a variety of senior citizen health insurance schemes to suit individual demands. Most of these schemes do not require any medical tests prior to availing these insurance policies. They also include daycare expenses that arise due to technological advancements. The following are some salient features of a senior citizen health insurance scheme:

     Senior citizen health insurance schemes cover the health of the citizens of India who are aged above 60 years.
     These plans don’t require any type of screening on a pre-medical basis.
     The senior citizen health insurance plans cover diseases that are pre-existing.
     They offer free lock-in periods.
     The senior citizens can avail the health care offers on an annual basis.
     Expenses of pre-hospitalization and post-hospitalization are also covered under the senior citizen health insurance plans.


Need for health insurance among senior citizens

As health-related issues are increasing, having health insurance is very important. Moreover, as one increases in terms of age, health cost starts becoming a burden, especially during the retirement years. That is the reason we often see the old and retired people spending every penny very wisely. Health insurance is considered to be a necessity in today’s world. While people of almost every age group think about getting health life insurance, senior citizens find it very difficult to select an appropriate plan for themselves. The following are the reasons for the senior citizens to consider a health insurance plan.

Cashless hospitalization

Health insurance often brings hope to the insured because in the cases of hospitalization, the expenses will be worn by the insurance company. These companies are liable to pay claims on the insured’s behalf. Senior citizen health insurance schemes help the elderly in saving the hospitalization expenses to a large extent.
In the case of cashless hospitalization, the hospital bills are not to be paid by the policyholder and are reimbursed by the insurer.

Hassle-free and faster settlement

The older one gets, the more is the physical and mental stress. This leads to the deterioration of one’s health to a great extent. This is where the need for a senior citizen's health insurance scheme arises. At times, the process of getting a health insurance scheme becomes stressful and tiring for an elderly man, keeping in view his health conditions. Thus, insurance companies nowadays tend to offer schemes that are hassle-free to aid the elderly.

Covering ambulance charges

Senior citizen health insurance schemes include almost all medical expenses. From the costs incurred in the hospital to travelling to that place, everything is paid by the health insurance company. At times, the ambulance charges are also covered in the scheme. However, the clause of the ambulance charges varies from one scheme to another.

Covering hospitalization expenses

Senior citizen health insurance schemes include hospital charges such as room charges and other medical bills in the hospital. 

Coverage of pre-existing diseases

Other than providing for the diseases that an elderly person is diagnosed after sixty years of age, several senior citizen health insurance schemes also offer coverage for the treatment of any pre-existing diseases.

Tax benefits of health insurance for senior citizens

The senior citizen health insurance policies provide a large number of health benefits to senior citizens. Besides taking care of factors such as hospitalization charges, ambulance charges, visiting charges, etc., a senior health insurance scheme also entitles one to avail tax exemptions. 

Exclusions in senior citizen health insurance

A senior citizen health insurance scheme covers almost all the health hazards that are diagnosed. However, there are some that are not covered. Some of these are:
     Health expenses that arise from excessive use of drugs
     Cost of treatment of AIDS
     Cosmetic surgeries
     The expenses that are related to the non-allopathic treatment of individuals
     Cost of treating the dental or lenses issues that are not arising due to accidents
     Expenses that arise from any self-inflicted acts

As old age can be termed as a second childhood in a person’s life, ensuring its safety becomes very important. In India, there are various insurance companies that provide a large number of insurance schemes keeping in mind the requirements of the individuals. You must consider your needs and select the best scheme available.
Why Do Senior Citizens in India Need Health Insurance? Why Do Senior Citizens in India Need Health Insurance? Reviewed by Pravesh Kumar Maurya on February 19, 2020 Rating: 5

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