• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

The Rebel Chick

Miami Lifestyle Travel and Food - Jennifer Quillen

  • Food
  • Travel
  • Lifestyle
  • Pets
  • Style & Beauty
  • Shopping
  • Entertainment
menu icon
go to homepage
  • Food
  • Lifestyle
  • Travel
  • Pets
  • Beauty
  • Entertainment
  • Contact Me
  • eBay Store
    • Email
    • Facebook
    • Instagram
    • Pinterest
    • Twitter
    • YouTube
  • search icon
    Homepage link
    • Food
    • Lifestyle
    • Travel
    • Pets
    • Beauty
    • Entertainment
    • Contact Me
    • eBay Store
    • Email
    • Facebook
    • Instagram
    • Pinterest
    • Twitter
    • YouTube
  • ×

    Home » This & That

    How to Choose the Best Health Insurance for Senior Citizens

    June 29, 2021 by Jenn Leave a Comment

    0 shares
    • Share
    • Tweet
    • Email
    • Reddit
    • Yummly

    The most important thing we can do for our aging parents is to gift them a lifetime of financial security against illnesses and medical expenses. That is why you must consider including health insurance for senior citizens to your portfolio.

    If you are looking for a health insurance for senior citizens but don't know where to start, then you have come to the right place. An effective health plan will allow them to live a stress-free life, knowing that quality healthcare is always accessible.

    How to Choose the Best Health Insurance for Senior Citizens

    Image Source: Shutterstock

    How to Choose the Best Health Insurance for Senior Citizens

    This article will share some valuable tips to help you choose an optimum cover for your parents.

    1. Look for in-patient hospitalization

    In-patient hospitalization refers to all the medical expenses that your insurance provider will cover if the policyholder is hospitalized for more than 24 hours. Ideally, the policy would provide coverage against doctor’s fees, medicines, nurse expenses, diagnostic tests, etc.

    Since senior citizens may need an extended stay at the hospital to fully recover, look for a policy that offers you maximum coverage for in-patient hospitalization.

    2. Limitations on day-care hospitalization

    Not all medical procedures require hospitalization more than 24 hours. Some procedures can be completed in a day.

    Therefore, the health insurance for senior citizens should also have a provision for day-care hospitalization. When looking for an insurance policy, don't forget to check out the limitations on the number of day-care facilities offered by the insurer.

    But suppose the insured person requires recurrent treatment, such as chemotherapy or dialysis. In that case, this low number may defeat the purpose of a health insurance policy because you'll end up paying most of it from your pocket.

    3. Cover for pre-existing illnesses

    Pre-existing conditions are health issues that the policyholder may have before taking the policy. You must declare these conditions at the time of buying the health insurance for senior citizens.

    Failing to do so can become the reason for claim rejection. Some insurance companies may also require the policyholder to take a medical exam and provide the reports as part of their mandatory paperwork.

    4. Waiting period

    A waiting period is defined as the time frame required by the insurance company before they can entertain any claims filed against the pre-existing illness.

    If the policyholder has a pre-existing medical condition, the insurance provider may only start covering after the completion of waiting period. At the same time, they may also require them to go through a medical test to determine the severity of the disease.

    Then, based on the test report, they determine if the policy can be issued to the prospective policyholder. If they are deemed eligible, the waiting period may be between 2-4 years (for most insurance companies) before they can claim that disease.

    5. Co-payment clause

    According to this clause, the insurance company will agree to pay a certain part of the claim, but the policyholder must bear the remaining part.

    In health insurance for senior citizens, most insurers will insert the co-payment clause since the risk is higher and the waiting period may not be a feasible option for the policyholder.

    6. Sub-limits

    Another important clause to check in health insurance for senior citizens is the sub-limits.

    These are the upper limits that the insurance company puts on certain services, such as room rent, consultation fees, etc. You must educate yourself about these limits to ensure that you are getting adequate coverage for your parents.

    Having health insurance is necessity in today’s day and age when medical costs in India are over the roof. Moreover, it offers tax saving and gives free annual health checks, among other benefits.

    So, keep these points in mind and compare policies to choose the best plan for your parents.

    More This & That

    • 5 Reasons Why It's Important to Study Healthcare
    • The Most Popular Healthcare Courses in 2023
    • Types of Business Technology Every Company Needs to Have
    • Why Seniors Should Consider Reverse Mortgage to Selling Your Home
    0 shares
    • Share
    • Tweet
    • Email
    • Reddit
    • Yummly

    About Jenn

    Jenn, AKA "The Rebel Chick," is a single woman who strives to help her readers live their best lives possible. Whether it be through sharing new recipes, sharing her dating stories, or encouraging people to embrace adventure and travel, she aims to inspire people to live full, happy and authentic lives.

    Reader Interactions

    Leave a Reply Cancel reply

    Your email address will not be published. Required fields are marked *

    Recipe Rating




    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Primary Sidebar

    • Email
    • Facebook
    • Instagram
    • Pinterest
    • Twitter
    • YouTube

    Hi, I'm Jennifer! I'm a Miami native and I love sharing easy dinner recipes, baking recipes, travel ideas and general Miami Lifestyle fun! Follow along for inspiration on how to make the most our of life!

    More about me →

    Recent Popular Recipes

    • Valentine Bundt Cake Recipe: Bundt Cake vs Regular Cake
    • Valentines Chocolate Bark Recipe
    • Galentines Charcuterie Board: Valentine's Day Charcuterie Board
    • Valentine Latte Ideas: A Maple Cinnamon Latte Recipe

    Archives

    Subscribe to The Rebel Chick Newsletter

    * indicates required

    Footer

    ↑ back to top

    About

    • Privacy Policy
    • Disclaimer

    Newsletter

    • Sign Up! for The Rebel Chick emails and updates, usually sent monthly or quarterly.

    Contact

    • Contact
    • Services
    • Media Kit

    The Rebel Chick is a participant in the Amazon Services LLC Associates Program, Share-a-Sale, Commission Junction, Rakuten and LinkShare; affiliate advertising programs designed to allow me to earn advertising fees by advertising these affiliate links. 

    Copyright © 2023 · Jennifer Pridemore Quillen · All Rights Reserved TheRebelChick.com

    0 shares