New Horizon Insurance Agency

1. Important factors to consider while selecting the best senior citizen health insurance plans:

2. Age • A critical aspect in senior citizen health insurance plans is the age factor. • The best senior citizen health insurance plans are those that allow entry even at the age of 80. Pick a plan that provides the longest coverage tenure, allowing entry at any age, along with medical cover that goes on for a longer period.

3. Sum Insured • The sum insured or health cover is another vital consideration when selecting a senior citizen health insurance plan. With advancing age, health risks increase and therefore senior citizens need higher health cover protection. Consider the right face value - higher the face value, higher the final coverage provided.

4. Coverage • It is essential to ensure that the best senior citizen health cover a broad range of illnesses, particularly critical illnesses, as chances of such incidences increase with progressing age. You must also thoroughly review all terms and conditions concerning exceptions, i.e., the illnesses that the policy does not cover, especially the pre-existing medical conditions.

5. Pre-Existing Medical Conditions • Defined in the health insurance policy itself is the waiting period before a claim can be made for a pre-existing medical condition.

6. Broad Hospital Network • A senior citizen’s health insurance policy should ideally have a broad network of hospitals, including the good ones in their immediate vicinity.

7. Premium • Premiums are another important consideration when comparing health insurance policies for senior citizens. Because senior citizens are at higher health risk levels, insurance companies usually charge higher premiums.