Your Guide to Buying Health Insurance for Parents
The health of your parents as they enter the senior citizen age bracket of their lives is of the utmost importance. Planning ahead and finding reliable health insurance for parents can help you secure a peaceful and stress-free life for yourself and your loved ones in the coming years. In addition, India’s elderly population is expected to rise dramatically around the globe. An example is India, where senior population will soar from 117 million in 2015 to 317 million in 2050, making it all the more essential to secure the future of our parents & senior citizens.
However, it is important to know some essential features of health care plans to find and buy the best health insurance for parents. These key aspects include the types of health insurance policies and the benefits that are provided by the plan. For further information on these topics, make sure to read on.
Types Of Health Insurance for Parents
There are a few types of health insurance for parents, and you can choose one best suited for your parents’ medical requirements. Some of these are listed below:
Individual Cover
An individual cover health insurance is an ideal plan to choose for people with extensive medical requirements as the entire insured sum goes to one person, making it a comprehensive cover option.
Family Floater Cover
In a family floater health insurance for parents, your parents can be a part of the insurance plan of your entire family and be covered under the same plan. This makes them eligible to use the sum of the family floater plan.
Senior Citizen Plan
A senior citizen health insurance for parents is the best plan to choose if your parents are nearing retirement or above the age of 6o years as it comprehensively covers the medical need and necessities of senior citizens.
Super Top-Up Insurance
The super top-up health insurance for parents is a type of health plan which can boost your parents’ existing health coverage. Moreover, it is an affordable method of getting additional medical coverage if your existing health insurance plan doesn’t suffice.
Things Covered in Health Insurance for Parents
There are several must-haves that you should consider while buying health insurance for parents. Some of these are listed below.
Hospitalization Charges
The health insurance you choose should cover all the hospitalization expenses of treatments and patient care. In addition, insurers also cover ICU charges if required during the treatment of the patient.
Day Care Treatment Charges
For the procedures that do not require a stay of more than a day, health insurance covers daycare treatment charges as well.
Pre And Post Hospitalization Charges
Most policies of health insurance cover charges before and after hospitalization of diagnosis, medicines, etc. for a specified duration.
Pre-Existing Medical Conditions Cover
Health plans for parents may also include a cover for pre-existing medical conditions. This is an important factor as with age, risk for illnesses may also increase.
Second Opinion
Most health insurance for parents offers the cover for a second opinion when it comes to major illnesses or diseases over the policy duration.
Organ Donor Cover Charges
If required, health insurance covers the costs of organ donor procedures in the case of serious illnesses or medical conditions.
No Claim Bonus
No Claim Bonus is an important feature that is present in most health insurance plans for parents. With a no claim bonus, you are rewarded with a bonus every year you spend without claiming any policy sum.
Annual Health Check-Up
Most health insurance for parents covers regular checkups and annual health checkups that are required as your parents’ age increases.
There are many things to keep in mind before finding and investing in the best health insurance. It is an important task, and the decision should be a well-judged one. Trusted insurers like Care Insurance offer flexible health insurance policies, which can fit the healthcare needs of your parents perfectly.