A super top-up health insurance for senior citizens is a family floater policy that provides mediclaim coverage over one’s chosen health insurance policy. Unlike ordinary top-up health plans, super plans offer complete coverage beyond a certain threshold limit (deductible).
Super plans offer complete financial security if an individual’s hospital bills cross the insured sum. For example, if someone has a super top-up plan worth Rs. 10 lakhs and a deductible limit of 4 lakhs, their super plans will cover all hospital bills beyond Rs. 4 lakhs.
Higher insured sum
Senior citizens often require higher coverage under their health insurance policies due to them being more prone to ailments. Hence, they might need a high insurance amount to deal with rising medical bills and financial strain.
Cushions from high expenses
Healthcare expenses for senior citizens can consume their entire retirement corpus, leaving funds for rainy days. Fortunately, super top-up health insurance policies for senior citizens comprehensively cover such expenses.
Pay the deductible once
A deductible is an amount one needs to pay out of pocket before the insurance policy kicks in. With the super top-up plans, one needs to pay it only once and then they can make multiple claims in a year.
Support for critical illness
A critical illness often creates medical expenses that are too high even with a health plan. A super top-up plan helps in the long run, providing substantial cover for such illnesses.
With a super top-up health policy, one can get additional coverage over the employer’s policy, including critical illness and AYUSH treatment.
Super top-up health insurance for senior citizens covers the following expenses:
Pre and post hospitalisation
These plans cover expenses incurred both before and after the hospitalisation of a patient. This includes medication, diagnostic tests, follow-up visits, etc.
These policies cover nursing fees, ICU charges, room rent, doctor’s fees, surgeon’s fees, operation theatre charges, etc.
Some insurers cover medical expenses undertaken in a hospital for hospitalisations requiring less than 24 hours.
Complementary health check-ups
Many insurers offer annual health check-ups for elderly insured people.
Following is a look at the expenses that super top-up plans do not cover:
Coverage from Covid-19
Senior citizens are at the most risk from the Covid-19 virus, and that’s why super top-up health policies cover hospital bills arising out of it.
High insured sum
Despite low premiums, these policies not only offer a high insured sum but also allow multiple claims in a year.
One policy for a family
One can get discounts on his/her family floater plans by adding a super top-up policy and increasing its tenure.
The insurer offers the facility to settle bills with its network hospitals, allowing the insured person to get treatment without paying cash.
Fast claim approval
Whether one needs a planned or emergency medical treatment, having an easier claim process makes life easier. Some insurers provide paperless claims and process them in only a few hours.
Before buying a super top-up plan for your elderly parents, consider the following factors carefully:
A higher deductible results in lower premium costs. You should choose the deductible wisely so that the base insurance plan covers your parent’s medical expenses.
Considering the rising price of medical treatment, you should choose a high insured sum that covers expensive hospital bills.
You should take a look at the policy documents to see what inclusions and exclusions the insurer offers.
Check the co-payment option so that your elderly parents do not have to bear a high cost.
Choose the right insurer and deductible option to get a policy with an affordable premium.
Your parents can get extensive coverage by choosing super top-up health insurance for senior citizens from Navi. Download the Navi App and choose a flexible insurance plan that covers you and your family with a sum insured of up to Rs. 1 crore.
The following are some reasons to get your health insurance plan from Navi:
Super top-up health insurance for senior citizens serves as a financial backup for the elderly. Being more prone to illnesses, their existing coverage may be insufficient, making these plans a great solution for expensive treatments. It will also let them save their retirement funds from being drained on hospital bills.
Ans: The cost of treatment for senior citizens is often too high for insurance policies provided by an employer. Moreover, getting such policies is difficult once an individual quits his/her last job.
Ans: Yes. Most insurers conduct medical tests if the insured person is more than 45 years old and check for pre-existing illnesses.
Ans: The waiting period is a certain time frame after which the insurance policy starts covering pre-existing ailments, provided they were already declared.
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