Getting a health insurance policy for the senior most member of the family is the most toughest thing to do in a state when the health care cost for them is the highest. Senior citizens are generally in a state where they need the highest amount medical care and which is very costly. if they don’t have a health insurance cover in place then that can be very dangerous from the perspective of financial health and accept their retirement benefits a lot.
Lot of people prefer not to buy a senior citizen health insurance primarily because of two basic reasons , one being they are very costly and secondly the hassle of getting multiple medical test done before getting a health insurance application accepted by the insurer is also very tiresome.
One of the most common thing that one needs to keep in mind if you are buying a health policy for their parents who already have attended the age group of 60 or above please don’t include them as member in your regular family health insurance plan.This is because the premium of a family insurance policy largely depend on the age of the senior most member of the group who are part of the plan. Plus there medical requirements for a person at a very old age are very much different when compared to lot of the young members of the family. So you always need separate plan for your parents if they are above the age of sixty and this applies to the person who is the proposer and also fall in the senior citizen category.
Few things which are very important from the perspective of buying a health insurance policy for senior citizens are:
The above mentioned facts may be something you should consider if you are buying senior citizen health insurance policy for yourself or your parents.If you are buying for your parents anyways you can always claim the extra tax exemption of Rs.30000 against Section 80D and which can be used a way to find the real price that you are paying for the health plan