Over the last few years, there has been a positive change in the way health insurance is perceived in the country. Now, people are more aware of the extended list of benefits they can enjoy with health insurance coverage.
If you or a family member is a senior citizen and are planning to buy a health insurance plan, there are a few things that you need to keep in mind. Different plans offer different features, and while some of them may sound similar, their differences can be striking. To avoid any confusion, it is best recommended that you are well aware of the coverage that you are opting for. Understanding the inclusions and exclusions of health coverage becomes all the more important if you are planning an international trip.
In this blog, we will understand how global coverage is different from travel insurance and what important points to consider while looking for the best medical insurance for senior citizens with global coverage.
A global health plan for senior citizens covers medical treatment across borders for any disease diagnosed in India. However, a global coverage plan is different from travel insurance. It is helpful for senior citizens with pre-existing conditions who want to visit abroad for treatment or even for vacation. It provides medical coverage without any restrictions.
Many people think that travel insurance is sufficient to take care of any medical emergency. However, senior citizens are prone to medical risks, and hence, they need comprehensive coverage. Here are some limitations of travel insurance that can be addressed by opting for global coverage health insurance.
There has been an increasing trend of going for treatment abroad. This is because the easy availability of global health insurance plans has made it easier for many to seek and afford treatment abroad. If you are looking for health insurance for elderly parents, here are some important factors to be aware of before selecting a global coverage plan.
Calculate the potential medical expenses in the destination country and opt for a plan with a high sum insured value because the treatments are expensive abroad. Also, consider the exchange rate. If the currency of the destination country is stronger than the rupee, it will have a huge impact on the cost. Care Advantage health insurance plan provides inbuilt global coverage with the sum insured options ranging from 2 cr to 6 cr.
Do check the list of countries where coverage is available. Many plans exclude countries like the USA and Canada. However, the Care Advantage plan offers global coverage with two options: worldwide coverage and worldwide excluding USA and Canada coverage. You can choose one option that fits your requirements and budget.
It's important to check policy inclusions and exclusions to ensure they match your medical requirements, as global coverage may differ from domestic coverage. Care Advantage's global coverage includes hospitalisation with no sub-limit on room rent, daycare expenses, pre and post-hospitalisation expenses, advanced treatments, organ donor cover along with other benefits.
To ensure global coverage, it is important to note that a diagnosis must be made in India for the specific treatment you are seeking. This means that you will be required to show proof of the diagnosis in India for your claim to be accepted.
Thoroughly understand the claim procedure beforehand so that you do not face any problems while filing a claim. Keep all the important numbers handy. Avail treatment at a network hospital only so that you can get a cashless claim settlement and keep all the documents ready before you file a claim.
Care Health Insurance provides the best health policy for senior citizens with global coverage. You can either get it as an add-on cover or get a plan with built-in global coverage. Care health insurance plans have a coverage solution for everyone. Global coverage is a valuable feature of health insurance for senior citizens if you or your senior parents travel abroad frequently or for a prolonged period. In case you do not want to buy a new policy, you can get an add-on global coverage with the Care Advantage plan for a sum insured up to ₹ 1 cr, or as an inbuilt cover with a sum insured greater than 1 cr with Care Advantage and Super mediclaim both.
Before making any decisions, it is important to assess your needs carefully and look into all the important details. While global coverage can extend the range of coverage, it often comes at a high cost. If you require medical treatment abroad due to better options available and are looking for a senior citizen health insurance policy, get in touch with Care Health Insurance today to connect with our team of insurance experts.
>> Also Read: What is Global Coverage in Care Advantage?
Disclaimers: The above information is for reference purposes only. Kindly consult your general physician for verified medical advice. The health insurance benefits are subject to policy terms and conditions. Refer to your policy documents for more information.
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