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Health Insurance

Health Insurance for Senior Citizens Above 70 Years

Zero Waiting period
Zero
Waiting period
14,300+ Cashless hospitals
14,300+
Cashless hospitals
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100%
Bills covered
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Home / Health Insurance / Health Insurance for Senior Citizens / Health Insurance for Senior Citizens Above 70 Years

As we age, our health starts to deteriorate and taking care of it becomes more expensive and complex. This is especially true for senior citizens above the age of 70 years, as they often require medical treatments and care to stay fit and healthy. In India, medical expenses are rising due to inflation and availing expensive treatments in the 70s is becoming financially daunting. 

Hence, to tackle such a scenario, you can opt for ACKO’s health insurance for 70 years. It assists you financially in case of medical emergencies, removing the financial burden. This blog will cover the requirements for health insurance in the 70s, factors to consider while buying it and more. 

Why you need Health Insurance at 70?
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When individuals enter their golden years, they become more susceptible to critical illnesses and it is important to take proactive measures related to healthcare. They are vulnerable to various chronic diseases, such as hypertension, heart disease, arthritis and diabetes. These diseases affect their mental peace and drain a lot of their finances. Furthermore, the rising cost of medical treatments due to inflation makes it daunting for individuals to receive the best quality treatment for such healthcare issues. 

Therefore, if you opt for a health insurance policy with comprehensive coverage, you can get the best treatment without worrying about financial hurdles. As one of the top health insurance companies, ACKO offers the best comprehensive health insurance coverage to people above 70 years old. It is cheaper health insurance for senior citizens than other insurance available in the market due to its affordable premium. Furthermore, you can get tax benefits for the premium under Section 80D of the Income Tax Act, 1961. 

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Historic Inclusion of Seniors Over 70 years under the AB PM-JAY Scheme
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The government has extended its flagship health insurance scheme, Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY), to include citizens above 70 years of age. In general, senior citizens were excluded from insurance because of the higher risk profile, but in this recent decision, it will be possible for them to enrol in the scheme, irrespective of income status. This will provide the much-needed financial relief to over six crore senior citizens, providing a family health insurance plan with a sum insured of ₹ 5 lakh. The seniors who are already enrolled under other government-sponsored health schemes will now be able to migrate to AB PM-JAY.

Is Buying Health Insurance in Your 70s Helpful?
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When your parents reach the age of 70, it is essential to take care of their health, as it will not be at its peak during this period. Several health issues start occurring in the 70s and drain your mental health and finances. In addition, the rising cost of medical treatments due to inflation makes it difficult to get proper treatment at affordable rates. It is when medicare for above 70-year-olds will come to the rescue, as it provides financial assistance to reduce the financial burden and receive top-notch treatment in the best hospitals. 

Furthermore, you can opt for a family health insurance policy that offers comprehensive coverage for your family. It ensures you do not buy separate insurance for each member and gives you peace of mind. You can also claim tax benefits under Section 80D of the Income Tax Act, 1961, for the premium you pay for the plan. 

Health Insurance Costs for 70-year-olds: How much to cover yourself and family?
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Health insurance will protect you financially during medical emergencies. You can pay the insurance premium at regular intervals or opt for a lifetime renewability policy to utilise during medical emergencies. In addition, when you claim your health insurance, the insurance company will provide coverage for the maximum sum insured limit you have opted for. 

Nevertheless, if your medical expenses are enormous, you must select a plan with high coverage. Such plans offer coverage for your expensive medical treatments, ensuring you do not spend anything from your pockets. In addition, these plans are more detailed and integrated than regular health insurance policies, which will be useful during medical emergencies. 

If you seek high-coverage health insurance for 70 years, ACKO health insurance can be the ideal choice. It provides comprehensive health insurance coverage at an affordable premium with no copayment charges. In addition, you can utilise its features, such as no room rent limit, and get an unlimited sum insured through the ACKO Platinum Health Plan. You can choose an ideal ACKO health insurance according to your requirements. These plans are ACKO Standard Health Plan, ACKO Platinum Health Plan and ACKO Platinum Super Top-up Health Plan. 

Key Factors to Consider While Getting a Health Insurance Scheme
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When you are choosing the best health insurance for 70-year-olds, you must consider the following factors: 

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Know Your Health Requirements
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You must understand the health insurance requirements before selecting a health insurance policy. In addition, you must consider the existing diseases and medical history to choose an ideal plan that suits your requirements.

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Go for Comprehensive Coverage
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When choosing health insurance for senior citizens, you must go for a plan with comprehensive coverage. It enables you to utilise the benefits of health insurance during expensive medical treatments, ensuring you do not pay anything from your pockets. Moreover, you do not have to worry about what the plan includes during medical emergencies. 

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Consider the Premiums and Deductibles
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Before you select the best health insurance plan for senior citizens, you must consider the premiums and deductibles. It will give you insights into the premium you must pay for the insurance and the deductibles when you claim insurance. If you know these things beforehand, you will avoid all unnecessary issues during medical emergencies. 

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Look Out for Age-Related Restrictions
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Several health insurance policies have age-related limitations for senior citizens above 70 years. Therefore, it becomes crucial for you to go for health insurance for senior citizens without age-related limitations. You can read the plan’s terms and conditions to understand the age-related restrictions. 

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Check the Waiting Period
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Usually, health insurance plans have certain waiting periods for specific illnesses and treatments. Hence, you must read the plan’s terms and conditions to understand the waiting period for such illnesses and treatments. For instance, the ACKO Platinum Health Plan has a zero waiting period for any diseases and treatments.

What Benefits Do I Get for Choosing ACKO?
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When looking for the best health insurance plans for senior citizens above 70 years old, ACKO makes it to the top. You can select ACKO’s three health insurance plans according to your health requirements and budget:

ACKO Standard Health Plan
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The plan provides 100% coverage for medical bills and treatments and charges zero copayment fees. Furthermore, the policy has no limit on room rent, ensuring you do not pay anything yourself. These factors make it one of the best health insurance plans than other regular plans available in the market. 

ACKO Platinum Health Plan
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It offers unlimited sum insured to policyholders and cashless hospitalisation in more than 14,300 hospitals in India. In addition, the ACKO Platinum Health Plan charges zero fees on non-medical expenses, and has add-ons like doctor-on-call and no room rent limit. You can also enjoy the advantage of zero waiting periods for any diseases or treatments under this plan.

ACKO Platinum Super Top-up Health Plan
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It comprises all the features of the ACKO Platinum Health Plan and provides extra benefits after you exhaust your existing insurance limit. ACKO Platinum Super Top-up Health Plan is advantageous, as it offers an additional sum insured even though you cross your existing plans’ claim limit. However, you do not need to have a base plan to opt for this policy, and you can set deductibles according to your preference in this plan. 

Why is Raising Claims Easier With ACKO Policies?
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Regarding health insurance, ACKO is one of the most convenient insurance providers in India, as you can effortlessly claim your insurance without problems. You can download the ACKO application, as it is a one-stop solution for buying new health insurance, renewing existing plans and claiming insurance amounts during emergencies.

In addition, there are zero copayment charges on ACKO health insurance, which ensures you do not pay anything from your pocket. You can claim the insurance amount with zero deductions, as ACKO health insurance features zero deductions on the claimable limit. 

Wrapping It Up!
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Hence, buying health insurance for 70 years is significant, and you must opt for it immediately. It provides you with financial assistance during unforeseen medical emergencies of your parents and ensures they receive the best quality treatment in top hospitals. Furthermore, it acts as a financial security to help you combat the rising cost of medical treatments and medication due to inflation. 

So, if you are looking for the best health insurance for senior citizens above 70 years old, ACKO health insurance is the perfect choice, as it offers comprehensive coverage with zero deductions on claims. 

Frequently Asked Questions
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The following are answers to some commonly asked questions about health insurance for 70 years.

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Are health insurance plans available for senior citizens above 70 years?

Yes, health insurance plans are available for individuals above the age of 70 years and can go up to 80 to 90 years, depending on the insurance company’s terms and conditions.  These policies are known as Senior Citizen Health Insurance Plans. 

Is medical screening mandatory before purchasing health insurance for 70 years?

Yes, it is mandatory to do a medical screening before purchasing health insurance for 70 years. It is like a health check-up, which will help to decide the correct sum insured and insurance plan according to the individual’s health. 

Does health insurance for 70 years cover critical illnesses?

Yes, if you opt for a critical illnesses add-on when buying a health insurance plan, the insurance company will cover such illnesses. Nevertheless, you must read the policy's terms and conditions to understand the details of such coverage. 

Which is the best health insurance for 70-year-olds?

ACKO Platinum Health plan can be a good choice for people in their 70s. It provides comprehensive coverage at a lower premium with zero copayment charges and no deductions on claims. 

Are there any tax benefits for health insurance for 70-year-olds?

Yes, there are tax deductions available for health insurance for 70-year-olds. You can claim tax deductions up to Rs. 75,000 for the premium you pay under Section 80D of the Income Tax Act, 1961 depending upon the number of members insured. 

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.