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Health Insurance for Senior Citizens Above 65 Years

Zero Waiting period
Zero
Waiting period
14,300+ Cashless hospitals
14,300+
Cashless hospitals
100% Bills covered
100%
Bills covered
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Home / Health Insurance / Health Insurance for Senior Citizens / Health Insurance for Senior Citizens Above 65 Years

As you age, your body becomes weak, and your immunity reduces, making you vulnerable to various disorders, injuries and diseases. You will require extra support and care to stay fit and healthy during these years. So, as you enter your golden years, you must protect your health and finances for better well-being. 

Hence, you require health insurance in your old age to combat financial issues during unforeseen medical emergencies. Opting for health insurance for 65 years provides you with financial assistance during such emergencies. This blog will cover the need for health insurance for 65-year-olds, things to consider when purchasing it, and more.

Why you need Health Insurance at 65?
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As individuals enter their golden years, their health may start deteriorating due to various chronic conditions and healthcare challenges. People in their mid-sixties are more susceptible to chronic diseases such as diabetes, hypertension, heart disease and arthritis, affecting them mentally and draining a lot of their finances. In addition, the rise in medical treatment costs due to inflation makes it difficult for people to afford expensive treatments for such diseases. 

Hence, selecting a comprehensive health insurance plan allows you to receive the best treatment without panicking about finances. When you are in an unforeseen medical emergency, ACKO is the ideal choice for comprehensive coverage for people above 65 years. 

Moreover, the affordable premium allows you to tackle the inflation in the medical sector and get top-quality treatments in Tier 1 hospitals. You can also avail tax deductions on the premium amount you pay for health insurance under Section 80D deduction of the Income Tax Act, 1961. 

Is Buying Health Insurance in Your 65 Helpful?
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When you or your parents are in their mid-sixties, health is not at its peak, and several healthcare issues may start occurring, affecting an individual’s body and also draining them financially. Furthermore, the rise of expenses in medical treatments due to inflation makes it difficult to get proper treatment and manage finances simultaneously. 

It is when health insurance for senior citizens becomes useful, as it offers assistance to reduce your financial burden and get the best quality medical treatment. 

In addition, you can choose the family health insurance plan which offers coverage for your family. It assures insurance claims for your family, giving you peace of mind so you can relax without buying separate insurance for each member. Furthermore, you can claim tax benefits for the premium amount under Section 80D of the Income Tax Act, 1961.

Health Insurance Costs for above 65-year-olds: How much to cover yourself and family?
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The premium for a health plan is calculated based on factors like age, location, health history, etc. To see a custom quote, you can use a health insurance premium calculator and adjust a few factors like sum insured.

If you have health insurance, it will protect you financially during medical emergencies. You can pay the premium at regular intervals or opt for lifetime renewability policies to use your insurance during medical emergencies. Moreover, when you claim your insurance, the insurance company will offer coverage for the maximum sum insured limit. 

If your medical expenses are enormous, you must go for health insurance with high coverage. It offers you coverage for expensive medical treatments, ensuring you do not pay anything from your pockets. High-coverage health insurance plans for senior citizens are more integrated and detailed than regular insurance policies, which will be handy during medical emergencies. 

Hence, if you are seeking high-coverage health insurance for 65 years, ACKO health insurance is a great choice. It offers comprehensive health insurance at affordable premiums with zero copayment charges. Furthermore, there is no room rent limit, and you can get a sum insured of more than Rs. 1 crore or Unlimited under ACKO Platinum Health Plan.

Factors to Consider While Getting a Health Insurance Scheme
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When choosing the best health insurance for 65 years, there are several factors you must consider. They are as follows:

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Understand the Health Requirements
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It is crucial to know the health requirements of 65-year-olds before opting for health insurance. You must consider the medical history and existing diseases to choose a plan that aligns with the health requirements. 

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Select Comprehensive Coverage
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When selecting a health insurance policy for 65-year-olds, you must choose a plan with comprehensive coverage. It allows you to enjoy the benefits of all aspects, giving you peace of mind, as you do not have to worry about what the plan covers during medical emergencies. 

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Review the Premiums and Deductibles
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Before choosing the best medicare for senior citizens above 65 years old, you must consider the premiums and deductibles. It will give you an idea of the insurance’s premium and the deductibles when you claim insurance. Knowing these beforehand will help you not face such issues during medical emergencies. 

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Consider the Age-Related Restrictions
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Many health insurance policies have age-related restrictions for senior citizens. Hence, it becomes crucial to seek insurance without age-related limitations. You can read the plan’s terms and conditions to understand the limitations which may appear with age. 

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Check the Waiting Period
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Normally, health insurance has specific waiting periods for certain illnesses and treatments. Therefore, it becomes crucial for you to go through the policy’s terms and conditions to learn about the waiting period for such diseases and treatments. For example, the ACKO Platinum Health Plan does not have waiting periods for treatments and illnesses. 

What Benefits Do I Get for Choosing ACKO?
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When looking for the best health insurance for 65 years, ACKO health insurance makes it to the top. It is due to its affordable premium and zero copayment charges. You can select the right insurance policy from the following offered by ACKO:

ACKO Standard Health Plan
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The plan offers coverage for 100% of the medical bills and charges zero copayment from the policyholders. In addition, you can take advantage of the plan’s no room rent limit during the hospitalisation period to save a lot of money. 

ACKO Platinum Health Plan
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In this plan, you can get an unlimited sum insured with cashless treatments in more than 14,300 hospitals in India. Furthermore, the plan charges zero fees on non-medical expenses and has zero waiting periods. You can also enjoy the benefits of no room rent limit and doctor-on-call facilities in the ACKO Platinum Health Plan. 

ACKO Platinum Super Top-up Health Plan
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It comprises all the features of the ACKO Platinum Health Plan and offers an extra limit when you utilise your existing insurance policy. ACKO Platinum Super Top-up Health Plan is advantageous for you since it assures extra sum assured even though you exceed the claim limit of your existing policy. Nevertheless, you do not need a base plan, and you can set deductibles according to your preference under this plan. 

Enhance your health insurance by exploring these unique benefits

 OPD Cover

Road Ambulance Limit 

Daily Hospital Cash 

Unlimited Sum Insured

Domiciliary Treatment

Why is Raising Claims Easier With ACKO Policies?
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You can download the ACKO application to buy new health insurance, renew existing plans and raise claims effortlessly during emergencies through this one-stop platform. 

Furthermore, the zero copayment charges of ACKO ensure you do not pay anything from your pocket during medical scenarios. You can also claim the insurance amount without deductions, as ACKO promotes zero deductions on the claimable limit. 

Wrapping It Up!
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Purchasing health insurance for 65 years is essential, and you must opt for it as soon as possible. It gives you financial assistance during unforeseen medical emergencies and ensures you receive the best quality treatment without stressing about finances. In addition, it acts as a financial shield to help you combat the rising cost of medical treatments due to inflation. 

So, if you are searching for a suitable health insurance for senior citizens above 65 years old, ACKO is the right choice due to its comprehensive coverage and affordable premiums.

Frequently asked questions (FAQs)
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The following are answers to some commonly asked questions about health insurance for 65 years.

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Which health insurance is the best for senior citizens?

ACKO provides one of the most suitable health insurance for senior citizens. You can buy plans by paying a lower premium at regular intervals and avail the benefits of zero copayment charges and deductions on claims. 

Is it good to opt for health insurance for senior citizens?

Yes, it is best to opt for health insurance for senior citizens. In addition, you must opt for senior citizen health insurance with a cashless hospitalisation feature, as people in their golden years are more susceptible to illnesses and require frequent visits to the hospital. 

Is it mandatory to provide income proof when buying health insurance for senior citizens?

No, it is not mandatory to provide income proof when buying health insurance for senior citizens. However, you must consult the insurance company before purchasing the health insurance. 

Are there any tax deductions for the health insurance of senior citizens?

Yes, there are tax deductions for the health insurance of senior citizens. You can claim tax benefits for the premium under Section 80D of the Income Tax Act, 1961.

What is included in the health insurance for senior citizens above 65 years?

The following are the inclusions in the health insurance for senior citizens above 65 years:

  • Hospitalisation expenses
  • Daycare treatment 
  • Pre and post-hospitalisation expenses

Disclaimer: The plans, services, features, processes, and other details mentioned on this page are subject to availability and changes. Please check the applicable policy wordings before making any insurance-related decisions. Feel free to reach out to us at [email protected] for any queries.