As your parents' age with time, the best gift you can give them is a health insurance plan. The faster you buy it; the better it is. But before you do so, there are many things to consider such as your parent’s age and their medical history that is likely to create more diseases. Here are some points that can help you select a plan for your parents.
1. Pre-existed diseases
Check the pre-existing diseases because if your parents need to get hospitalized due to it, you will be unable to claim for it. Choose a plan without any capped limit to the diseases covered.
2. Top up health insurance policy
Base health insurance do not cover dangerous diseases like heart failure and cancer. So consider purchasing a top-up policy in addition to the base plan.
3. Cashless facility
You can get a cashless treatment if your insurance provider has tie-ups with the hospital you visit. Make sure that these network hospitals are in close proximity to aid during emergencies.
It is the amount you have to pay along with the insurer’s part and depends upon your parent’s age. Choose a policy where co-payment is less.
5. Hospital room utilization
Some policies have restrictions on the rent of hospitalized room utilization. You will be charged at 50% if you chose a room that exceeds your eligibility.
Read Also: How to Choose the Health Insurance Plan for Your Parents?
These are some of the points to keep in mind before choosing a health insurance. You must also be particular while choosing the insurance provider.
Alisha Antil is your best financial helper for insurance. She has a vast experience in finance and insurance and provide to you the expert advise in insuring your property and health. She has in depth knowledge and has written more than 1200 blogs on topics related home and car insurance. She also provide you with knowledge about home improvement and cooking.