When it comes to healthcare, we cannot overlook the needs of our elders. Having the right Mediclaim for senior citizen is absolutely essential, especially when the younger generation faces many early health challenges.
For senior citizen, health concerns increase as they age, making it even more critical to choose the right Mediclaim policy. This will ensure that they receive the best care without putting a strain on their families financially.
In this blog, we’ll discuss 10 key factors to consider before buying senior citizen Mediclaim plan.
Age parameter and renewable :
Before purchasing any senior citizen Mediclaim, it’s very important to check the entry age and renewal terms. Some policies start at age 60, while others may begin at 70 or 80. It’s always advisable to choose a policy with a lower entry age and lifetime renewability..
- Pre-existing disease, coverage and waiting period: Most policies have a waiting period of 12 to 24 months. Always ensure that your pre-existing conditions are covered and not excluded from the policy.
- Network hospitals: Always check the list of network hospitals covered by your policy. Make sure that some of your preferred hospitals are included in the network.
- Co-payment and deductible amount: Ensure that the co-payment or deductible amount is minimal when you are hospitalized. While such policies may be slightly more expensive, they offer better financial protection.
- OPD (outpatient department) and day care coverage: Understand what OPD (Outpatient Department) services are covered, such as blood tests, MRIs, X-rays, dental check-ups, eye exams, and vaccinations. Day care procedures refer to minor surgeries that require less than 24 hours of hospitalization.
- Domiciliary treatment: Domiciliary treatment allows for medical care at home when the patient cannot be admitted to a hospital. This is an important feature in senior citizen policies.
- Policy premium: Compare the policy’s premium and benefits. Sometimes, paying a slightly higher premium can offer better coverage and more features
- Claim and settlement ratio: Before buying any senior citizen Mediclaim polity, review their claim settlement percentage. This will give you more clarification about the company.
- Ayush treatment: If you prefer alternative treatments like Ayurveda, Yoga, Unani, Siddha, or Homeopathy (AYUSH), ensure your policy includes AYUSH coverage..
- Annual health check ups and ambulance charges: Check if your policy offers annual health check-ups and covers ambulance charges in case of emergencies
When even the younger generation faces so many early health challenges, we simply can’t overlook the needs of our elders. In such times, having Mediclaim for senior citizens becomes not just important, but absolutely essential.
But there are many different plans and policies that make it hard to decide, especially when purchasing mediclaim insurance for senior citizens.
In this blog, we’ll discuss 10 key factors to consider before buying senior citizen mediclaim plan.
Age parameter and renewable :
Before purchasing any senior citizen mediclaim, it’s very important to check the entry age and renewal terms. Some policies start at age 60, while others may begin at 70 or 80. It’s always advisable to choose a policy with a lower entry age and lifetime renewability..
- Pre-existing disease, coverage and waiting period: Most policies have a waiting period of 12 to 24 months. Always ensure that your pre-existing conditions are covered and not excluded from the policy.
- Network hospitals: Always check the list of network hospitals covered by your policy. Make sure that some of your preferred hospitals are included in the network.
- Co-payment and deductible amount: Ensure that the co-payment or deductible amount is minimal when you are hospitalized. While such policies may be slightly more expensive, they offer better financial protection.
- OPD (outpatient department) and daycare coverage: Understand what OPD (Outpatient Department) services are covered, such as blood tests, MRIs, X-rays, dental check-ups, eye exams, and vaccinations. Daycare procedures refer to minor surgeries that require less than 24 hours of hospitalization.
- Domiciliary treatment: Domiciliary treatment allows for medical care at home when the patient cannot be admitted to a hospital. This is an important feature in senior citizen policies.
- Policy premium: Compare the policy’s premium and benefits. Sometimes, paying a slightly higher premium can offer better coverage and more features
- Claim and settlement ratio: Before buying any senior citizen mediclaim polity, review their claim settlement percentage. This will give you more clarification about the company.
- Ayush treatment: If you prefer alternative treatments like Ayurveda, Yoga, Unani, Siddha, or Homeopathy (AYUSH), ensure your policy includes AYUSH coverage..
- Annual health checkups and ambulance charges: Check if your policy offers annual health check-ups and covers ambulance charges in case of emergencies
