Are you on the lookout for a medical insurance policy for your family? Well, it is nice to have a health insurance that can cover everyone at home. However, you must understand that health insurance for senior citizens is very different from the health insurance that is opted by those at a younger age. For one, we all know that the greater your age is, so is the premium.
The reason for this is that senior citizens are more vulnerable to critical illnesses and have a shorter life expectancy especially after the age of 60. This is why insurers have come up with Mediclaim for senior citizens, which can help in paying off for their treatments without burning a hole in the pocket.
Choosing the right Mediclaim for the elderly in your home can be a mammoth task. But if we keep the following points in mind when choosing one then you will find one that perfectly suits. Here, are some factors that you need to look out for when opting for Mediclaim for a senior citizens of your family.
The Entry Age
Not all insurers can give you the best features when applying for a Mediclaim for senior citizens. However, there are insurers in the public sector who have Mediclaim that is suitable for those within the age group of 60-80 years. Some do not even have a maximum entry age. Hence, do not just stop looking at the ones that ask for more documentation due to a higher age limit. Go for flexible plans wherein your elderly can be covered for the longest amount of time.
The next factor to look out for in a Mediclaim policy for a senior member of your family is the coverage that it offers in term of illnesses. Ensure that the Mediclaim policy especially covers critical illnesses like cancer, heart diseases, or diabetes, which highly likely to happen at an old age. If you have a family history of any type of illness, make sure that you check it’s covered too. Other than that, most policies have exceptions against covering certain illnesses. Hence, check out what these exceptions could be just in case it causes a hindrance in future treatments.
Owing to a person’s age, senior citizen health insurance does not come cheap. So, take your time and compare all the medical insurance policies available in the market. This way you get to choose one that covers all the needs of a senior in your home and that too at a reasonable price.
Healthcare Network Range
The next thing that you must keep in mind when shopping for a medical insurance for your parents is the network of hospitals and healthcare centers that it covers. Most Mediclaim policies have a broad network of health centers, particularly the best ones in your neighborhood. But it is still best to check if the one you choose covers your vicinity. This way during an emergency, you would not have to worry about financial matters and take care of your family instead.
After decades of caring for their family and being the bread-earner, senior members deserve the comfort and satisfaction of being guarded financially in their golden years. Old age is a time when one can enjoy the remaining years of his/her life rather than worry about saving money. Get Mediclaim and give your senior members the best gift of their lives.