Health policies for the silver years
Senior citizen health coverage can be expensive. Before settling on a policy, make sure to consider the details, such as co-payments.
These days, many insurers offer coverage to senior citizens, either via special schemes or by including senior-centric features in general schemes. There are also specific plans for diabetics and heart patients. However, unlike general health insurance, plans for senior citizens come with many caveats, including higher co-payment, strict medical tests, specific exclusions and longer waiting periods for those with pre-existing diseases (PEDs).
Higher premiums
The general principle in insurance is the higher the age, the higher the premium'. This is especially true for health insurance, because the probability of
