Health Insurance for Parents

Growing up is a task so is growing old. Turning sixty is a major milestone. Do you realize how much your parents have toiled to bring you up?

Most people reading this article are financially independent adults, with parents who retired or about to retire from their jobs. With age catching up inevitably, it becomes more and more necessary for them to be medically insured. Practically speaking, the health care costs are rising by 15-18% each year and soon, a heart operation that costs Rs. 4.5 lakhs today will cost about Rs. 11 lakhs in the next five years.

Human psychology is such that medical emergencies always happen to other people, probably because it is too depressing a thing to think about. However, we all know the truth it is best to be prepared for such unforeseen things that can unfortunately happen to anyone, especially if our loved ones are at stake. There are special health insurance plans dedicated to parents, giving you an opportunity to make their lives more peaceful and safer.

Most of us don't do this but now it is probably our turn to take care of them and in turn you ensure you don't break the bank, if they fall ill. Works well, if you plan well.

So do for yourself and for them a favour. Don't delay - research well and buy them good health insurance. It is the only tool that paves way for a happy and financially stress free retirement.

So, what do you look for in your parent's health insurance plan? That's o.k., do not stress yourself. Here goes your check list: