Choose From A Variety Of Add-On Coverage Options With Your Parent's Health Insurance.
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You may select the finest health insurance policy for your parents from a variety of options. However, a basic coverage plan may not always cover all of your parents' medical insurance needs. You can add health insurance riders to a standard senior citizen health insurance policy to provide coverage for such needs or costs.
Optional Add-ons for Parents' Health Insurance Plans
Some important riders to consider when purchasing a health insurance policy for parents are listed below.
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Cash in the hospital
Even though your health insurance coverage covers all hospitalization and treatment costs, some fees are still not covered. Inadmissible costs are those that are not allowed. They might include surgery supplies, X-ray fees, and expenditures paid by accompanying family members, among other things. The daily cash cover provides a certain amount for each day until you are admitted to the hospital. Throughout the policy's term, the amount is fixed and remains the same. Furthermore, there is no requirement to provide supporting documents to receive this benefit.
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Waiver of Room Rent
The room rent is usually capped in insurance plans. That is, you are only permitted to spend a particular amount on room rent, and all expenditures incurred over that number must be paid out of pocket by you. This rider allows you to choose between a room with a greater sub-limit or a room with no sub limitations. You may select to stay in a superior accommodation without breaking the bank with this rider. This function is beneficial for patients receiving treatment in a large area, where accommodation rentals are higher.
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Surgical Advantage
A standard health insurance coverage covers hospitalization costs, but with this rider, you may also get reimbursement for certain procedures and related costs.
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Coverage for Serious Illness
A critical sickness is any fatal ailment, such as a brain tumor, cancer, or a severe heart attack. Critical illness insurance pays a lump sum payment to the policyholder regardless of the actual costs of treatment. This amount is limited to the sum covered. For instance, suppose a person has a health insurance policy with an amount insured of $5,000,000. He or she then decides to purchase a critical illness rider with a sum insured of $10,000,000. If he is diagnosed with a serious disease, he will get a lump-sum payment from the insurer of $110,000, even if the expenditures incurred are less.
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Accident Insurance for Individuals
This rider compensates for all types of accident results, including accidental death and any form of disability (permanent or temporary, total or partial).
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Rider Zone Upgrade
Based on the city's medical costs and healthcare facilities, India's cities are split into three zones.
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Care Rider for the OPD
Senior folks' opd facilities are covered by health insurance policies. Medical testing, diagnostics, and doctor consultation costs are just some of the opd services available. Because elderly individuals are more susceptible to illnesses and diseases, they require frequent health checks, making this rider a must-have add-on.
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AYUSH (Ayurvedic Yoga for Self-Healing)
Ayurveda, Yoga, Unani, Siddha, and Homeopathy are the acronyms for Ayurveda, Yoga, Unani, Siddha, and Homeopathy.
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Coverage for In-Home Hospitalization
If your doctor prescribes it, you can claim compensation for home treatment expenditures or domiciliary hospitalization and accompanying expenses with this rider.
Take Away
You may make your parents' health insurance plan fully protected with the aid of these add-on covers. It's critical to have a complete health plan in place to guarantee that your parents are protected and receive the finest medical care possible when they need it.
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