It’s been said that in India, a family wouldn’t be complete without the elderly. Based on their own experiences, they help the younger generation follow the right path and succeed. They are the ones who teach the younger generation the traditions and values. Such a crucial component of a family should be protected and valued.

Their health deteriorates as they age, necessitating special medical care in the majority of cases. Financial stability makes it simple for someone to handle these medical costs. A health insurance premium calculator is an easy-to-use tool to check the amount of premium you would have to pay. The ideal way to go about this is to purchase a separate health plan made specifically for the requirements of senior citizens. We’ll give you some advice on things to think about when purchasing senior citizen medical insurance in this article. 

Factors to take into account when purchasing senior health insurance 

  1. Waiting period – There may be a waiting period under a health insurance policy, depending on the disease. Typically, it lasts between two and four years, depending on the insurance provider. Look for senior health insurance with the shortest waiting period. In the event of a medical emergency, one may make a claim in this way. 
  1. Protection from pre-existing conditions – These are, as the name implies, health issues that a person has before purchasing health insurance. The likelihood of a senior citizen having a pre-existing condition is higher than it would be for a person of a younger age. As a result, it is advised that before purchasing a specific health insurance policy, such as when purchasing a critical sickness cover, you examine the pre-existing conditions that are covered in it. 
  1. Alternative treatments – Historically, only allopathic treatments were covered by health insurance. Alternative therapies, including homoeopathy, Ayurveda, and other similar therapies, are now also claimable, though. Look for a health insurance plan that includes such treatments if a person is receiving them. 
  1. A network of hospitals with cashless services – The majority of health insurance providers have a network of hospitals. Each hospital in the network has a connection to the insurer. This facilitates policyholders’ access to cashless procedures. One advantage of this is that they won’t have to worry about finding money in an emergency. An important portion of the hospital bill is paid in full by the insurance provider. Another advantage is that no documentation is necessary, such as submitting hospital bills or getting the papers stamped. 
  1. Ancillary services – The sole option in the event of a medical emergency is not hospitalisation. To ensure proper therapy, it is critical to comprehend the underlying source of the problem. This is when supporting services like ambulatory care or diagnostic testing centres for x-rays, blood tests, ultrasounds, etc., come into play. These services can be very expensive, which could hurt your finances. Look for insurance, particularly a critical illness policy that includes coverage for these extra expenses. 

How can senior citizens purchase health insurance? 

When done online, purchasing senior citizen health insurance is quite simple. By doing this, you can find the finest coverage and deals and gains that lower the cost of the plans relative to their offline counterparts. Analyse the requirements first while taking into account factors like age and pre-existing conditions. Now contrast other plans that meet these needs. Then, enter the essential information on the website of your desired insurance provider. Read the policy contract carefully, and if the insurance provider requests one, make an appointment for a medical examination. ##

## All savings are provided by the insurer as per the IRDAI-approved insurance plan. Standard T&C apply

Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.