Senior citizens health insurance plan common myths

Kabir lives in Hyderabad with his aging parents. After settling down in his professional career, he purchased his own house for his family and ensured the availability of a healthcare center in the vicinity. Unfortunately, Kabir’s parents are suffering from various ailments; that’s why he purchased a health insurance policy for seniors to offer better protection and coverage to his aged parents.

Like Kabir, many individuals living with their elderly parents are inclined to purchase various health insurance plans to fulfill their responsibilities. Many prominent health insurance companies are offering the best health insurance policies in India that are highly commendable for senior citizens. Thus, health insurance for senior citizens is obligatory these days. Due to their age and lack of strength, older people are more prone to various medical ailments. This needs medical attention, care, and a comprehensive health insurance policy for senior citizens to take care of all these medical expenditures. Whether it is an intricate surgery, a lethal disease, or regular health check-ups, the bills will certainly burn your pocket. Health insurance for senior citizens will help you to manage everything in a hassle-free way.

A holistic health insurance policy for senior citizens offers a plethora of benefits. But people are still skeptical about purchasing various senior citizens’ health insurance schemes because a spectrum of myths and misconceptions refrains people from purchasing medical insurance for senior citizens.

5 Common Myths About Senior Citizen Health Insurance Plans in India

Here, we will debunk some popular health insurance myths so that people can make concrete decisions for their aging parents as given below:-

1. Parents are healthy; that’s why they don’t need any health insurance or Mediclaim for senior citizens
2. Already purchased a family floater policy that is sufficient for aged parents
3. Health insurance plans are quite expensive for senior citizens
4. Pre-existing health plans are not covered under healthcare insurance policies
5. Purchasing health insurance plans online is not safe

Myth 1: Parents are healthy; that’s why they don’t need any health insurance or Mediclaim for senior citizens

As they grow older, senior citizens become more susceptible to diseases. Hence, you should be extremely careful regarding their health as they are old and need more attention and care. To keep your parents healthy, always take preventive measures. Every senior citizen (even those who are healthy) may develop any complication or face changes in their health conditions at any time. Hence, they should be insured under a comprehensive mediclaim policy for senior citizens. Thus, you should consult with a reputed insurance company and opt for your parents’ best healthcare insurance plans. Most health insurance plans for senior citizens possess an initial waiting period that should be completed to enjoy all the benefits of the policy. By choosing the best Mediclaim policy for senior citizens, you are alleviating the risk of waiting periods. In this way, you can save a lot of money that can be utilized for any other emergency purpose.

Myth 2: Already purchased a family floater policy that is sufficient for aged parents

The prime purpose of floater health insurance plans is to offer coverage for your entire family, including you, your spouse, children, and your parents. This type of policy provides a fixed sum insured amount that can be deducted for your family members’ hospitalization. But senior citizens are engrossed with various kinds of ailments that demand expensive treatment procedures. A family floater health insurance is not adequate for these purposes. So, only a family floater health insurance plan is sufficient to offer your parents a secured life. Thus, you should purchase a separate health insurance or Mediclaim policy for senior citizens and offer the utmost protection to your elderly parents.

Myth 3: Health insurance plans are quite expensive for senior citizens

Many people often believe health insurance plans for senior citizens will drain out their pocket completely as these plans are highly expensive. But the truth is that these plans inspire you to save a chunk of money today so that you can purchase the best Mediclaim policy for senior citizens and secure your parents’ lives in the best possible way. In addition, these plans are meticulously designed; thus, you can manage your financial expenses without any hassle.

Myth 4: Pre-existing health plans are not covered under healthcare insurance policies

Most health insurance plans, including government health insurance plans for senior citizens, usually come with a waiting period for pre-existing health conditions. So, pre-existing diseases are excluded only for a specific time (waiting time). After the completion of this period, the insured policyholder can claim treatment of pre-existing illnesses. So, before investing a penny in purchasing health insurance, always try to understand the waiting period so that you can claim without any struggle. Also, do some research regarding the insurance company that offers health insurance for pre-existing diseases.

Myth 5: Purchasing health insurance plans online is not safe

Another imperative myth refrains people from purchasing a suitable health insurance policy for their aged parents. It is completely safe and convenient to buy health insurance plans for senior people online. You just need to choose a trustworthy portal and should fill up all the information properly. Then, as per your requirements and budget, you will get plenty of options displayed on your screen. By comparing all, you can choose the best one that resonates with your needs. The whole process is digital, and by using a payment gateway, you can pay premiums comfortably.

So, stop believing the common myths for senior health insurance plans; rather, you should purchase the best health policy for your parents to secure and make them happy. The best senior citizen’s health insurance plan offers various benefits, including cashless treatment, routine check-ups, ambulance & test facility, coverage for critical diseases, etc. By evaluating specific parameters like the sum assured, enclosures and exclusions, renewability, waiting periods, tax benefits, premium amount, mode of premium payment, claim settlement ratio (CSR), etc., choose the most appropriate senior health insurance plans for your elderly parents.