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Health Care Economics: Policies and Provisions for Senior Citizens

Added on -2019-09-20

This article discusses the need for health insurance in India due to low human development index, high infant mortality rate, and high lifestyle diseases. It highlights the importance of policies and provisions for senior citizens, including individual and family health insurance policies, surgery and critical illness insurance plans, and senior citizen health insurance plans. The article also covers the purpose of health provision and national comparisons.
| 6 pages
| 1113 words

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Health Care Economics 1In an effort to build the best health plan which could cover health along & not comes as a deep cut to pocket. Every household in order to gain best of health spent a fortunein taking a medical cover, but a large percentage still looks at health insurance as a taxsaving instrument.For e.g. In a country like theUnited States, each type of health insurance be it social, medical or a normal household is borne by the Government.Studying in-depth about the country like India where there are an infant high mortality rates, Life expectancy is low, low education rate etc. we need to have an adequate health policy to cover all the plans. Some of the key policies highlightedIndividual Health Insurance Policy-: It covers all the health aspects of an individual &depending on the premium or amount paid, one holds anadvantage of this benefit (“Policy Initiatives”). Family Floater Health Insurance Policy-: covering all the member of the family by paying one time or every month, so that they all avail secured health benefits.Surgery & Critical Illness Insurance Plans-: Accidents, sudden health diseases such ascancer or heart attacks, all can be covered by availing lump sum benefit or paying every month.
Health Care Economics 2Senior Citizen Health Insurance Plans-: Covering a secure health for the 60-65 years of an individual age.If we need to devise a suitable health policy then we will go for the Senior Citizen Health Insurance policy. As chances of falling sick, retard or ill falls maximum withinthis age group. Hence a secured health policy which is bare minimum & covers every aspect of health should be attained here.Health InsuranceIn a country like India, due to low Human development Index, High Infant Mortality Rate, Lifespan of Avg. 55-60 years, high lifestyle diseases, foul air, densely populated area with epidemic disease always on rise one do require health insurance to cover risk & benefit us in recovering from health. Cashless services, pre & post hospital disbursements, full health cover regular checkup etc. all should be secured with an adequate health insurance. Developing a health policy for the benefit of Senior citizen will benefit a part of themajor population in the age group of 60-65 years.Some of the health insurances are majorly covered by the Private Insurances & then sub-divided covered by the employer-sponsored such as delivery charges etc.Sudden accidents or lifestyle diseases like cancer or heart attacks is still partially covered depending on the optimum age it was invested into. Butin caseof natural calamities like Earthquake, Fire or Tsunami etc. some health insurance do not cover

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