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: For a patient with Systemic Lupus Erythematosus (SLE) who is doing well overall and looking for insurance coverage, here are some types of insurance that may be suitable:

Health Insurance: A comprehensive health insurance plan that covers hospitalization, medication, and other medical expenses related to SLE can provide financial protection against high medical bills. Some insurers offer specialized health insurance plans for individuals with pre-existing conditions like SLE.
Critical Illness Insurance: Critical illness insurance provides a lump-sum payout if you are diagnosed with a critical illness like SLE. This can help cover treatment costs and other expenses related to your condition.
Life Insurance: Term life insurance or whole life insurance can provide financial security to your dependents in case of your untimely demise. Some insurers may offer life insurance coverage to individuals with controlled SLE, although premiums may be higher.
Travel Insurance: If you travel frequently, consider purchasing travel insurance that covers medical emergencies, trip cancellations, and other travel-related risks. Make sure to disclose your SLE diagnosis when purchasing travel insurance to ensure you are adequately covered.
Disability Insurance: Disability insurance provides income replacement if you are unable to work due to a disability, including SLE. This can help maintain your financial stability and cover your living expenses if you are unable to work.
Medicare or Medicaid: Depending on your age and financial situation, you may qualify for Medicare or Medicaid, which can help cover medical expenses related to SLE. Check eligibility requirements and coverage options in your state.
When applying for insurance, it's important to disclose your SLE diagnosis and provide accurate information about your health condition. Some insurers may require a medical examination or review of your medical records to assess your eligibility and determine premiums. Consulting with an insurance advisor or broker who specializes in health insurance for individuals with pre-existing conditions can help you find suitable coverage options tailored to your needs and budget.

Ans: Several insurance companies offer health insurance policies specifically designed for senior citizens. Some of these companies include:

1. Star Health and Allied Insurance: They offer various health insurance plans specifically for senior citizens with comprehensive coverage and benefits tailored to their needs.

2. New India Assurance: They have health insurance policies catering to senior citizens, providing coverage for medical expenses, hospitalisation, and more.

3. National Insurance Company: They offer health insurance plans with coverage options suitable for senior citizens, including pre-existing disease coverage and other benefits.

4. United India Insurance: They provide health insurance policies for senior citizens with features like cashless hospitalisation, pre-existing disease coverage, and more.

5. Religare Health Insurance: They offer health insurance plans specially designed for senior citizens, providing coverage for hospitalisation expenses, pre-existing diseases, and other medical needs.

6. Bajaj Allianz: They have health insurance policies tailored for senior citizens, offering coverage for hospitalisation, medical expenses, and other related costs.

7. Max Bupa Health Insurance: They offer health insurance plans with specific coverage options for senior citizens, including comprehensive coverage for various medical expenses.

Before choosing a policy, it's essential to compare the features, coverage, premiums, and exclusions of different plans to find the one that best suits your needs and budget. Additionally, consider factors such as network hospitals, claim settlement ratio, and customer service quality when selecting an insurance company.

Ans: I understand you're looking for a good health insurance plan for you and your wife. That's a smart decision, especially considering your health conditions. Let's break it down to help you choose the best option:

Understanding Pre-existing Conditions:

Your existing health conditions (BP, spondylitis, etc.) are called pre-existing conditions. These might affect your policy options and premiums.
Individual vs. Family Plan:

Family plan: Covers you and your wife together under one plan. It can be cheaper, but coverage limits get shared.
Individual plans: Separate plans for each of you. More flexibility, but might cost slightly more overall.
Considering Your Needs:

Pre-existing condition coverage: Look for plans that cover pre-existing conditions after a waiting period (if any).
Hospitalization coverage: Choose a plan with sufficient coverage for hospitalization expenses.
Medicines: Check if the plan covers medicines you take regularly.
Finding the Right Plan:

Talk to a CFP professional: A Certified Financial Planner can assess your needs and recommend suitable plans from different insurers.
Compare plans online: Many insurance companies offer online plan comparisons. Look for plans that cover pre-existing conditions and have good network hospitals in your area.
Here's a quick tip: Since your wife is younger and has a different health profile, individual plans might be better. This allows you to get customized coverage based on your specific needs.

Remember: Don't hesitate to ask questions! Choosing the right health insurance is important, and a CFP professional can guide you through the process.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in