Best Health Insurance For Your Parents
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Best Health Insurance For Your Parents In USA And India: Health insurance is a type of insurance coverage that covers
the cost of treatment and surgical treatment of an insured person.
Insurance providers use the term "provider" to
describe clinics, hospitals, doctors, laboratories, healthcare practitioners or
pharmacies that treat anyone. "Insured" is the owner of a health
insurance policy or a person with health insurance coverage.
Depending on the type of health insurance coverage, the
insured payout of the pocket and receives reimbursement, or the insurer pays
directly to the provider. In countries without universal health care coverage, such as
the United States of America, health insurance is usually included in the
employer's benefits package.
According to the Kaiser Family Foundation, in the US, the
number of people with insurance has dropped from 1 million in 20 to less than
20 million in 2016. Researchers have downplayed recent changes to the law.
The Commonwealth Fund 20 reports that all quarters of The United States working age have health insurance coverage. Many people surveyed
became unemployed or lost health insurance when changing jobs. Emergency departments vary significantly depending on the
type of health insurance a person has.
Why Is The Type Of Health Insurance Plan Important
The type of plan dictates how a person will contact receive the treatment they need and how much they will have to pay that day.
In 2003, the US Congress Health Savings Account (HSA)
launched a new option. This is a combination of an HMO, a PPO, a savings
account with compensation plans and tax benefits. However, a policyholder must
associate this type with an existing health plan that is more than $ 1,100 for
individuals and $ 2,200 for a family.
HSAs can top coverage by expanding existing plans to cover a
broader range of treatments. If an HSA is paid on behalf of its employees to
an employer, the payments are tax-free. A person can make funds in the HSA when
they are healthy and save for examples of bad health in later life.
However, people with chronic conditions like diabetes may not
be able to store a lot of money in their HSAs because they have to spend
regular high treatments to manage their health concerns.
These plans are often very high deductible, which means
premiums may be lower, but people often pay the full cost of any required
treatment. There is more overlap as the types of plans evolve. The difference between the types of policies is becoming more and more blurred.
Most compensation plans use managed care strategies to
control costs and ensure that there are sufficient resources to pay for
appropriate care. Likewise, many managed care plans have adopted some of the features
of plan-service-planning.
Why Parents Health Insurance Is Important
They were always there for you. You need to be there for them
too.
You love your parents and are always concerned about their
health, don't you? However, the fear of the risk of their disease is always
feeding your conscience. Studies show that most Indian citizens suffer from one
or other life-threatening diseases such as high blood pressure, diabetes, etc.,
which increase their chances of getting sick and read in medical conditions.
Additionally, aging thus weakens the body and immune system,
increasing the likelihood of transmission of the disease. As such, it is very
important to ensure your parents under a good health insurance plan. In the
event that they become ill, a large portion of the treatment costs will be deducted
from your parent's insurance plan. So, buying an appropriate health policy that
covers your parents is a wise and important thing to do.
Best Health Insurance Plan For Parents
As there are many health insurance plans, it is important to
compare and then choose the best treatment policy for parents.
The following are some of the best medical insurance plans
you can consider for your aging parents:
Insurer name
|
Entry Age Criteria
|
Sum Insured (in
Rs.)
|
Co-pay
|
Pre-medical tests
|
Inclusions
|
Exclusions
|
Religare Care
Senior Citizen Health Insurance Plan
|
Min: 46 yrs.
Max: Lifelong
|
Min: 3 L
Max: 10 L |
20% for 61 years
and above
|
Not required
|
|
|
Max Bupa Health
Companion Family Floater Plan
|
No Age Limit
|
Min: 2 L
Max: 1 Cr.
|
20% co-payment for
people above 65 years of age
|
above 45 years of
age
|
|
|
Star Health Red
Carpet Plan
|
Min: 60 yrs.
Max: 75 yrs.
|
Min: 1 L
Max: 25 L
|
50% for
pre-existing diseases
|
Not required
|
|
|
Apollo Munich Easy
Health Plan
|
Min: 61 yrs.
Max: No Age limit
|
Min: 2 L
Max: 15 L
|
15 to 30% on room
rent
30% on specific
illnesses
15% on daycare
procedures
|
N/A
|
|
|
Bajaj Allianz
Silver Plan
|
Min: 46 yrs.
Max: 70 yrs.
|
Min: Rs. 50,000
Max: 5 L SINGER |
10% to 20%
|
N/A
|
|
|
TATA AIG Medi
Senior Health Plan
|
Min: 61 yrs.
Max: No limit
|
Min: 2 L
Max: 5 L
|
15% to 30%
|
Not required
|
|
|
Oriental Insurance
Hope Plan
|
Min: 60 yrs.
Max: No limit
|
Min: 1 L
Max: 5 L
|
20%
|
Not required
|
|
|
Chola Individual
Insurance Plan
|
Min: 3 months
Max: 70 yrs
|
Min: 2 L
Max: 25 L
|
10% for 55 years
and above
|
Not required up to
55 years of age
|
|
|
Royal Sundaram
Lifeline Elite Plan
|
Min: 18 yrs.
Max: No Age Limit
|
Min: 25 L
Max: 150 L
|
N/A
|
Required in case
of pre-existing illnesses
|
|
|
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Conclusion
Thank you for having with us. We think that this kind of
information will help you to make better health insurance for your
parents. If you have any inquiry please comments.