Senior citizens should buy health plans with lifelong renewability option

Buy a plan with a short waiting period for pre-existing diseases and low co-pay

Once a person retires, he ceases to get the benefit of a group health insurance coverage offered by his office. Buying a normal health cover becomes difficult at an advanced age. The chances of contracting ailments, meanwhile, rise at a time when one’s regular cash-flows have stopped. Health care costs tend to spiral at around twice the consumer price index-based inflation rate. One option for those who have crossed 60 and are without a personal health insurance plan is to purchase a cover specifically designed for senior citizens.

Age-related ailments covered

Senior citizen plans are specially designed to include coverage for ailments