Health insurance covers the costs of the insured, medical, surgery and medication bills. One can pay up to 8% as the insurance premium of the total income. For senior citizens, medical policies provide security against the diseases that even pre-exist. Parents and in-laws can be enrolled for medical insurance as they are dependent due to their age. Majority insurance companies in the country offer medical policies for citizens over 65 years of age. The policies are designed in such a way that maximum medical expenses are covered.
Medical insurances come with their own set of benefits. Some of them are:
The rising medical costs in the country is one of the main reasons for buying insurance for your parents. Medical costs have risen exponentially. With increasing age comes the risk of contracting diseases very easily. Children stay away from their parents due to work commitments. But with medical insurance, you can get timely treatment for them, be it in any network hospital. Some policies have a waiting period after which they cover the insured person. Different policies have a different entry, the age limit for senior citizens. Medical insurance with good healthcare floating plans are a great option to invest in. The entire family can be insured in this particular policy. But it comes with an age limit for senior citizens. The premium is higher if the age of the parents is on the higher side because with age come health risks so the risk factor for the insurance company increases as well.
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