Mediclaim for senior citizens, available for individuals aged 60 or older, is a standard health insurance contract. It covers medical expenses like hospitalisation, daycare, and pre-and post-hospitalization. You can easily buy health insurance online.
Here Are The Six Factors You Should Take Into Account When Purchasing Senior Citizen Medical Insurance
- Insurance Coverage For Hospital Stays:
When a policyholder is admitted to the network hospital for longer than 24 hours, the insurer provides in-patient hospitalisation coverage for the medical costs incurred by the patient. All network hospital costs, including those for nurses, doctors, specialists, and medications, should be covered. Claims are subject to terms and conditions set forth under the health insurance policy. *
- Limitations On Costs Incurred After Hospitalization:
This is the payment of any costs incurred by the policyholder following network hospital discharge that can be linked to the illness or injury for which they were admitted. The post-hospitalization eligibility period typically lasts 60 to 90 days.
- Limits On The Number Of Day Care Patients Admitted To Hospitals:
In a network hospital, some procedures can be finished in under 24 hours. For instance, chemotherapy, dialysis, and cataract surgery. Even though daycare centres are typically covered by senior health insurance, some plans have a cap on the number. There may only be 8 to 10 daycare centres available under some plans.
- Pre-existing conditions Terms And Conditions:
Your parents may have one or two underlying diseases. When purchasing a policy, check the terms and conditions about pre-existing conditions to determine whether specific needs are covered, the waiting period for each, co-payment requirements, etc. You can have access to your insurance plan at all times using a health insurance app.
- Review The Waiting Period, Co-Payment, And Exclusion Of The Plan:
Read the wording before you buy health insurance online for your parents to understand the waiting period co-payment, exclusion, and sub-limits.
- Waiting Period: This period is similar to a period of hibernation during which no claims may be accepted. You must comply with this clause if you have any existing medical conditions.
- Co-payment: The co-payment clause requires you to pay a portion of the claim out of your pocket.
- Exclusions: Similarly, many senior citizen health insurance plans have exclusions, which are medical conditions or healthcare costs not covered by the plan. Your policy can be managed using an app for health insurance.
- Sub-limits: A limit is the maximum amount a policyholder may be reimbursed for a specific cost or procedure. Several senior citizen medical insurance policies have particular sublimits. For instance, a specific sub-limit for each eye may apply to cataract surgery, knee-cap surgery, kidney dialysis, etc.
- Examine the premium cost of the benefits provided:
The cost of the premium for senior health insurance may be significantly higher than that of policies for younger people. Therefore, when comparing senior health insurance, look for the policy that offers the most health insurance benefits at a low premium rather than the one offered at the lowest premium. ##
Get insured anytime, anywhere! Check out Bajaj Allianz General Insurance website to learn more and download the app now.
*Standard T&C Apply
## 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.
