In today’s time, life has become so unpredictable; we never know what is going to happen tomorrow. So, we must be prepared for the unexpected circumstances that can arise at any point in time. With more awareness amongst the new generation and instant results at their fingertips, they know how to manage things and come up with the best possible solution to any trouble. With changing times, the way things are tackled and dealt with has changed as well. Everything has gone digital and things have become even more accessible.
Just the way our parents have acted as light and shining armor since childhood, there comes a phase where children need to take care of their parents. Our parents in their old age not just need to emotionally connect with their children, but might also need medical assistance at any point in time. To take good care of health and to reduce the stress that might arise during a medical emergency, the best option is to have health insurance for parents. Planning to buy health insurance at an early stage results in several benefits including:
- Health insurance has long-term benefits that can be claimed at the time of the treatment and act as a financial barrier.
- This insurance covers every aspect of the treatment and healthcare which is financial coverage for the patient and the family.
- As medical and healthcare is an expensive affair and the cost is always on a rise, a good insurance plan will protect from medical inflation.
- The insurance will cover pre & post-hospitalization expenses and other charges.
- It would give double protection benefits as sum insured rebound benefits can be availed in the future.
Before finalizing the right insurance plan, it is important to note the waiting period and one must finalize the one with the minimum waiting period. In old age parents prefer the home care services rather than traveling to the clinics or hospitals for check-ups, one must finalize the insurance plan that covers such home visit expenses. The most important factor that jumps in while finding the right medical policy is its association with the nearby hospitals. Find the hospital in the nearby areas that will provide hassle-free cashless claims of the medical treatment.
The health insurance policy also gives access to avail other services including annual health check-ups for all the members and avail several insurance discounts. The health insurance would cover the complete hospitalization charges including the ICU charges if incurred. The surgeries and treatments that are expensive normally can be covered entirely in the policy. Affordable health insurance won’t dig a deep hole in the pocket and would protect from the financial crises.
While selecting the policy we always focus on the areas covered by it but give less weightage to the areas not covered by the policy. Some of the exclusions not covered in the policy are:
- Expenses occurring due to attacks, riots, or war.
- Expenses arising from pregnancy, childbirth, or abortion.
- Medical expenses due to the treatment of disease caused by smoking, alcohol intake, etc.
- Tests for IVF or infertility
One must keep a check on the above-mentioned points before finalizing the policy. Not just the health insurance for parents, but family health insurance plans are also offered which provides coverage for the entire family members including spouse, children, and parents. If any family member gets hospitalized, the policy can be utilized to the maximum limit. This is the best investment that can be done that gives financial security to the entire family. It’s never too late to have a health policy and secure the family.
For the senior citizens, aged above 60, the affordable plans give benefits to the elderly so that they can get their treatment done hassle-free without any financial burden. The plan involves annual health check-ups at different centers, emergency ambulance services, and post-hospitalization expenses. The minimum age for the senior citizen plan is 60 years and there is no upper limit. The senior citizen health insurance plan can be bought without a pre-medical check-up. The senior citizen plan provides cashless hospitalization and no claim bonus for the retired people.
Seeing our parents grow old, is a stressful period with which comes great responsibility. It can turn out to be a tough phase both emotionally and financially if certain steps are not taken before. But Care insurance has got it all covered for any challenges or emergencies that might arise. It helps to get the best medical treatment with quality services and other necessary facilities at affordable prices. The best part is its accessibility over the phone as it assists in locating the nearby hospitals, downloading the e-card, downloading the policy documents, etc. For best results, the policy must be chosen carefully and at the right time.