Health Insurance for Senior Citizens

Health Insurance

In the health insurance industry, most health insurance companies are offering specially designed health insurance plans for senior citizens. Here are some key points to highlight the benefits of buying an individual policy for senior citizens

   Aging is a common cause. No matter how careful we are, our bodies are vulnerable to certain age-based illnesses or diseases. Don't let them disturb your peace and waste your hard earned money. Hence, opting for a comprehensive health insurance policy for senior citizens will save the day by paying hospitalization bills while focusing on your health and wellness.

   In the health insurance industry, most health insurance companies are offering specially designed health insurance plans for senior citizens. Here are some key points to highlight the benefits of buying an individual policy for senior citizens

   Premiums paid for senior citizen health insurance policies are exempt from income tax under Section 80D of the Income Tax Act, 1961. Any mode of transaction other than cash is exempt from income tax. Also, most of the health insurance policies do not make pre-insurance medical examination mandatory for senior citizens to get the benefits of the policy. However, disclosure of existing medical conditions and other medical records, if any, becomes necessary.

   Apart from covering in-patient hospitalization expenses, a comprehensive senior citizen health insurance policy will also cover outpatient expenses as per the terms of the policy document. Without a doubt, this includes pre- and post-hospitalization expenses, ambulance charges, room rent, ICU charges and more.