Age may be just a number in most cases. However, it is a different story when it comes to health care. Though a fair percentage of people manage to stay healthy irrespective of this number, it is not the case with everyone. People become more vulnerable to all ailments as they grow older. Their bodies might not have adequate strength to rejuvenate themselves. This would call for the need for effective health care. In recent days, people have been busy with various commitments.
However, this means that they are compromising their health for their career or family. Though skipping a meal, having a sedentary lifestyle, lack of exercise might not seem like a big deal today, it tends to catch as the number increases. This is primarily the reason why elders tend to fall sick often. They battle with various health concerns in addition to the overall fatigue.
With the steadily rising medical inflation, these medical expenses could cause a strain in the pocket. It is the liability of the children to take adequate measures to protect their parent’s well-being and health. Insurance companies have initiated the Senior citizen mediclaim policy to support elders in their later years. This is a critical investment, as it would help them manage their health without complete dependence on others. Here are some points on why senior citizens health insurance is pivotal when they reach 60.
Comprehensive Coverage
The health care needs of elders usually belong in a broad spectrum. Studies state that over 80% of the elder suffer from at least one chronic illness. Therefore, they would need a package that includes everything from diagnostics, hospitalization, post-care, daycare, alternative treatments and second opinion. The senior citizen mediclaim policy will allow them to seek necessary assistance without any hindrance.
This way, the elderly will be more encouraged to visit their local health providers without waiting until it’s too late. For example, a senior citizen that shows early signs of colon cancer will be able to seek immediate medical attention before things get out of hand. Additionally, they’ll do so without worrying about the cost of treatment. That will go a long way in promoting preventive health care.
Preventive Health care
A common concern in the health care segment is that people do not seek immediate assistance. Instead, they tend to ignore the symptoms due to paranoia or lack of adequate resources. Ignoring their health concerns can lead to them having detrimental health issues that can no longer be easily addressed and alleviated. It might even lead to them having to deal with extensive treatments or services that are quite costly in their effort to stay comfortable while they deal with these concerns. For example, not addressing something that could have prevented cancer might lead a senior citizen to become terminally ill and then have to look at their options and consider questions like: does hospice provide 24-hour care? The senior citizen mediclaim policy would allow them to get master health checkups periodically. This would enable them to manage any disorders at the initial stage.
Manageable Premium
Most people might worry that the premium for senior citizen mediclaim policy would be high. However, reliable insurance firms do offer them at an affordable rate with easy EMI options.
Extensive Network
It is imperative to identify an insurance company with an extensive network. Elders should have the flexibility of seeking assistance from a hospital in their vicinity. This would also help them to handle any emergent situations. Policyholders can research this information well in advance.
Lifelong Support
Most senior citizen mediclaim policy provides lifelong support. Elders can renewal their policy consistently to always have a financial backup plan. It is imperative to understand the terms and conditions levied by the individual firm. Always read and understand the regulations and the coverage details. Consumers can also meet up with representatives from the company to clarify any doubts.
Tax Benefit
Like all other policies, the premium amount can be written for tax payment. This is an essential benefit for the policyholders and their children.
Most elders find it difficult to accept help and assistance from their children and family. So they are conventional and accustomed to taking care of their family’s well-being, that they struggle with the new reality. They tend to like to have a considerable amount of financial autonomy. Though they understand that it is the children’s responsibility to care for their parents, money can be a touching subject.
The ideal way to handle the situation would be to source a proper senior citizen mediclaim policy. This would help them to handle the health care challenges with dignity. Leading insurance companies such as Care Health Insurance offer customized packages to suit the individual needs of their consumers. They do offer cashless hospitalization options that can be availed for emergent situations. Consumers can also renew their senior citizen mediclaim policy and avail lifelong benefits.
I live in a small Georgia town that you most likely have never heard of and I LOVE it! My house is more than full as I am a single mother of four & caregiver to my aging mother and uncle. Lover of all things Outlander. Goes to the beat of her own drum woman.