You should start thinking about health insurance for the elderly to ensure the health of the elderly. Moreover, as parents get older, their physique is no longer what it used to be and the health risks will increase.
For information, this elderly health insurance can cover customers aged 60 to 99 years.
In contrast to health insurance for young people, generally health insurance for the elderly/elderly has a higher premium, because the risk of illness is usually higher and varied.
Although the average premium is higher, you can find elderly health insurance products with cheap premiums on Lifepal, you know! Save up to 25%!
Tips for choosing health insurance for the elderly
In order not to choose the wrong health insurance for your father and mother, here are some tips for choosing health insurance for the elderly over 50 years old.
1. Covering pre-existing conditions
You should also choose an elderly insurance that can cover the history of the illness before signing the policy. This is because not all insurance covers pre-existing illnesses or injuries before signing up for insurance.
For example, your parents had a history of heart disease before using insurance. If the insurance you choose covers a pre-existing condition, the insurance company can cover it.
Having a dependent pre-existing condition is very important, especially for parents who suffer from diseases such as diabetes mellitus, autoimmune, stroke, cancer, cysts, to heart disease.
2. Choose parental health insurance that covers up to a lifetime
Also look for plans that can protect parents until the age of 99 years or for life. Or, you can also look for an insurance policy that can cover at least the life expectancy of Indonesia, which is 74 years.
3. Insurance coverage is proportional to hospital costs
Before choosing a plan, make sure that the sum insured is commensurate with hospital costs, ranging from expenses for hospitalization, specialist doctor fees, medicines, to laboratory checks.
Considering the cost of hospitalization for the elderly is usually more expensive, you should also look for insurance that provides maximum hospitalization benefits.
Example of insurance for the elderly Prudential can cover health benefits throughout the world except the United States.
4. Providing life insurance benefits at once
It would be better if health insurance for parents also includes life insurance at the same time. Whether you buy a package alias in the form of a rider or separately. So, in their old age parents will be guaranteed for their health and also financially.
This life insurance is usually useful as an inheritance or funeral expenses.
5. Bearing the risk of critical illness for the elderly
You could say the elderly have a higher risk of developing critical illnesses such as heart disease, diabetes, and stroke. Therefore, choose health insurance for the elderly who can bear the risk of critical illness. This is because treatment for critical illnesses usually takes a long time and costs a lot of money.
With this benefit, your parents can be assured from the first diagnosis to later treatment. Not bad to add to the shortfall of the cost of health insurance that your parents already have.
6. Do a medical check-up before buying health insurance for the elderly
Before choosing health insurance for your parents, you should first do a medical check-up. This is useful to know there is a risk of disease that may be suffered by parents, so that when choosing an insurance plan it can be adjusted to the needs and risks of the disease.
In addition, some insurances do require prospective elderly customers for medical check-ups.
Health insurance recommendations for the elderly
Here are some recommendations for cheap health insurance for the elderly that can be an option:
1. Cigna Proteksi Healthy Optima
The maximum entry age for this insurance is up to 59 years and the policy can be extended up to 75 years. The premium starts from IDR 375 thousand per month.
The advantage of this insurance is that there is a local ambulance service and domestic assistance service if you are traveling within the territory of Indonesia, at least 150 KM from your place of residence.
2. Cigna Family Care Optima
This insurance is suitable for those of you who need a family insurance policy. The maximum entry age is up to 60 years and the policy can be extended up to 75 years.
Premiums for 2 elderly and 3 teenagers start from IDR 795 thousand to IDR 2.5 million per month. The advantage of this insurance is that there is a 30 percent premium return benefit in the 5th year.
3. AXA Mandiri SmartCare Executive
Another insurance option that can also be for families. The policy can be extended until the age of 70 years.
Premiums start from IDR 170 thousand per month or around IDR 5.6 million to IDR 17.4 million per year.
4. Manulife MiUltimate HealthCare
This insurance is also very suitable for the elderly because of the age of entry
up to 70 years. The policy can also be extended until the age of 110 years.
This insurance not only provides coverage at partner hospitals in Indonesia, but also in Malaysia.
5. Prudential PRUPrime HealthCare, a health insurance for the elderly
This insurance is an additional policy (rider). The maximum entry age is up to 65 years and the policy can be extended up to 85 years.
The annual benefit limit is up to IDR 1.5 billion and there is a premium return benefit of up to 50% of the initial annual benefit limit.
As previously mentioned, Prudential’s health insurance for parents covers all countries except the United States.
6. AIA Premier Hospital & Surgical Plus
The right choice for those of you who need unit link insurance. The entry age is up to 65 years and the policy can be extended up to 88 years.
This insurance is a supplementary policy (rider) from the AIA ProLink Assurance base policy.
7. Allianz Syariah Allisya Care, health insurance for the elderly sharia
An option for those of you who are looking for sharia parental health insurance. This insurance is an additional benefit or rider
The entry age is up to 70 years and there are 8 plans available from room rates of IDR 100,000 per night to IDR 1 million per night.
8. Prudential PRUPrima HealthCare Plus Syariah
This insurance is an additional benefit or rider. The entry age is up to 65 years and the policy can be extended up to 99 years.
The amount of insurance coverage is adjusted to the hospital bill (as charged) with a limit according to the chosen plan.
The non-cash or cashless claim method of this insurance can be used in Indonesia, Malaysia, and Singapore.
Another benefit is the 50 percent premium return every 3 years.
Tips from Lifepal! Choosing health insurance for the elderly must be done more carefully because there are many conditions that may be different from people who are younger.
It should also be noted that although there are insurances that cover pre-existing conditions, this is very rare and the premiums are usually more expensive.
Therefore, do not wait for the disease to come before having health insurance.
Well, those are some tips that you can do before finally choosing insurance. For further information on various insurance products, please visit Lifepal!
Always keep your body healthy, because your medical expenses are not cheap. Therefore, let’s start doing a healthy lifestyle. In addition, you still have to guarantee it by having health insurance.
I hope this information is helpful!