Old age makes one prone to illnesses therefore at such a stage of one’s life what a person requires is getting a proper health insurance plan to safeguard him from the rising costs of medicines, hospitalization, and treatments. Not just getting a comprehensive health insurance plan helps a person to lead a stress-free life in his old age but also saves from a huge financial blow, especially after retirement. We have observed with Senior Citizens (SeC) do not have the right plans as they have limited themselves to a Mediclaim Plan which could be as old as 10-15 years or more. Those old-generation plans not only have low Sum Assured but also do not have features that have recently emerged. The Senior Citizen plans can be classified into two parts- SeC below 65 and SeC above 65. The distinction is important to understand as the SeC below 65 can opt for plans which are normally available for everyone. In a true sense, the SeC age for Mediclaim purposes is 65 as against 60 which we normally understand.  It’s also important for SeC who hasn’t turned 65 should get a normal plan or port their old Plan to a new one.

In your old age would you prefer to be treated as a burden on your family? Obviously, the answer is NO! And this is not the only reason which proves that getting health insurance is a must, there are several other reasons that highlight the importance of health insurance for senior citizens. Below mentioned are some of the factors that cannot be overlooked:

1. Coming of Medical Problems in an Old Age It is very difficult to escape medical problems that come only with the old age even if one maintains a healthy lifestyle and more than 90% of senior citizens face health-related concerns. Most of the problems in the present time are neither too easy to treat nor are pocket friendly and due to this reason medical insurance can prove to be of great support for the sufferer as well as the family.  A good policy also provides cover for major critical illnesses such as body part transplants, heart disease, or diabetes as well.

2. Health Insurance Plan Makes You Financially Independent Due to the skyrocketing prices of medical expenses in today’s time, your medical expenses become a burden on the family when you are not anymore an earning member during your old age. So a health insurance plan is made to take care of all your medical expenses and helps senior citizens not to depend on their family for their medical expenditures and to be financially independent during their lifetime.

3. Perfect Way to Invest Money for Your Old Age Your entire savings might be wasted if not appropriately invested and what can be a better way than investing money in your health so that any illness, even a critical one, can be cured easily without even giving a second thought about money. The total cost of a comprehensive health plan, including all the premiums, is way less, and you can easily afford a health plan without making a big dent in your savings.