I'm a multiple sclerosis patient since 2005, and have few relapses till 2011. And after that in 2022. My age is 40. Which health insurance will civer me?

Ans: Hi, the coverage amount should be an estimate of the treatment you may be expecting in the near future in case you have any pre existing diseases. Else, due to the age being on higher end, you may have to pay higher premiums. Do not delay and purchase as soon as possible.

Ans: At the age of 73, it's still possible to obtain medical health insurance coverage, although it may come with certain limitations and higher premiums due to your age. Here are some options you can explore:

Senior Citizen Health Insurance Policies: Many insurance companies offer specialized health insurance plans specifically designed for senior citizens. These policies typically provide coverage for hospitalization expenses, pre-existing diseases, and other medical expenses incurred due to illnesses or accidents. While premiums may be higher compared to regular health insurance plans, senior citizen policies offer comprehensive coverage tailored to the healthcare needs of older individuals.

Government Health Insurance Schemes: Some government-sponsored health insurance schemes cater to senior citizens and provide affordable healthcare coverage. For example, in India, schemes like the Pradhan Mantri Jan Arogya Yojana (PMJAY) or state-specific health insurance schemes may offer coverage for hospitalization expenses and treatment for certain illnesses.

Group Health Insurance: If you have any affiliation with professional or social organizations, you may be eligible to join group health insurance schemes offered by these organizations. Group insurance plans often provide coverage at a lower cost compared to individual policies and may have less stringent eligibility criteria.

Family Floater Plans: If you have family members who are younger and in good health, consider opting for a family floater health insurance plan that covers you along with your family members. Family floater plans offer shared coverage for the entire family at a relatively lower premium compared to individual policies.

Pre-existing Disease Coverage: Since you may have pre-existing medical conditions at the age of 73, it's essential to choose a health insurance policy that offers coverage for pre-existing diseases. Look for policies that provide coverage for pre-existing conditions after a waiting period, as this can help manage your healthcare expenses effectively.

Before purchasing a health insurance policy, carefully review the coverage features, exclusions, waiting periods, premium costs, and claim settlement process. Consider consulting with an insurance advisor or agent who can help you compare different policies and choose the one that best suits your healthcare needs and budget.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

Ans: I can provide some guidance on finding health insurance at 69 years old:

Understanding Senior Citizen Health Insurance:

Many companies in India offer health insurance specifically designed for senior citizens, often referred to as "Senior Citizen Mediclaim Plans" or "Senior Citizen Health Insurance Plans." These plans cater to the specific healthcare needs of older adults.
Finding the Right Company:

Research Online: Start by searching for "Senior Citizen Health Insurance" or "Health Insurance for 69 year olds" in India. Websites like Policybazaar (https://www.policybazaar.com/health-insurance/senior-citizen-health-insurance/), CompareRaja (https://health-plan-compare.com/), or Bajaj Finserv (https://www.bajajfinserv.in/insurance/senior-citizen-care) allow plan comparisons and might provide leads.

Consider Reputable Companies: Look for established health insurance providers with a good track record in claim settlements. Some reputable companies in India include:

New India Assurance (https://www.newindia.co.in/)
Star Health and Allied Insurance Co. Limited (https://www.starhealth.in/)
Max Bupa Health Insurance (https://www.nivabupa.com/)
HDFC ERGO Health Insurance (https://www.hdfcergo.com/)
ICICI Lombard General Insurance Company Limited (https://ilhc.icicilombard.com/)
Factors to Consider When Choosing a Plan:

Pre-existing Conditions: Choose a plan that covers pre-existing conditions you might have, especially at your age.
Coverage: Look for a plan that covers hospitalization expenses, medications, and any specific needs you might have.
Network Hospitals: Consider the plan's network hospitals and their proximity to your location.
Renewal Options: Ensure the plan has guaranteed lifetime renewability.
Premiums: Compare premiums from different companies but prioritize coverage over just cost.
Additional Tips:

Contact Insurance Companies Directly: Get quotes and speak with representatives from several companies.
Consult an Insurance Agent: A licensed insurance agent can help you compare plans and choose the one that best suits your needs.
Remember, choosing the right health insurance plan is crucial at any age, especially after retirement. Take your time, research your options, and don't hesitate to ask questions before making a decision. I hope this information helps you find the best health insurance company for your needs!