How to Get Health Insurance for Senior Citizens Above 70: A Complete Guide
As people transition from youth to old age, they often face a variety of health issues. Most elderly individuals become more sensitive to illnesses, leading to higher medical expenses. With rising healthcare costs, many seniors are unable to afford treatment, pushing them to consider health insurance. This raises an important question: Can someone get health insurance after the age of 70? In this article, we’ll explore whether it’s possible for seniors to secure health insurance after 70.
Is Health Insurance Possible After the Age of 70?
As your parents age, they may encounter numerous health-related challenges. Old age is a phase where diseases easily affect individuals, and as a result, many insurance companies hesitate to offer coverage to seniors. This leaves many elderly people struggling with healthcare costs. However, recent changes in insurance regulations have provided a new avenue for senior citizens to obtain health coverage.
Several insurance companies in the market offer health coverage to seniors up to the age of 65. But now, many companies have expanded their coverage, offering health insurance to citizens between the ages of 55 and 80. Some companies provide policies for individuals aged 46 to 70. If these policies are renewed regularly, they can continue offering coverage even beyond the age of 80.
Government Support for Elderly Health Insurance
Recently, Prime Minister Narendra Modi shared a post on his X account (formerly Twitter), announcing a significant decision by the government. Under this new initiative, seniors above the age of 70 will now receive health coverage of up to 5 lakh rupees under the Ayushman Bharat Scheme. The government’s press release stated that 4.5 crore families will benefit from this scheme, including 6 crore elderly citizens. This initiative provides direct health assistance of up to 5 lakh rupees for individuals over 70 years old, ensuring healthcare support for a large section of senior citizens.