Importance of health insurances in health policy tax benefit.

What, why and how an accident health insurance to be bought.

Of the different gifts that you may think of giving your parents, there is nothing to match the gift of a health plus health insurance for them. When parents are old, they require proper medical treatment. Buying a health plus health insurance for our parents is the real need of the hour. A medical insurance like an accident health insurance can guarantee that they will get the best of treatment without spending their hard earned savings and will also help them in medical plan tax benefit deduction. In case, one is working abroad, he could most content that his parents are receiving the right medical attention. It is possible only through a health plus health insurance. All these accident health insurance usually come with a comprehensive coverage. We must keep in mind health policy tax benefit offered by policy while choosing a health insurance for your parents.
Many well known insurance companies have special packages for accident health insurance for aged people. When one buys a medical insurance for his parents, he should keep this provision in view. If we go on buying the health insurance only on basis of medical plan tax deduction, we might lose many things which we may later find to be indispensable. It is advisable therefore not to make medical plan tax deduction the sole criterion for choosing a health insurance.
A comprehensive accident health insurance policy for parents generally comprises of the following features:
• Hospitalisation expenses like room charges, diagnostic test expenses, doctor and surgeon’s fees, cost of medicines.
• Medical expenses incurred in the event of sudden illness or accident.
• Expenses on recognised technologically advanced treatment where hospitalization for 24hours is not necessary.
• Coverage is available for treatment thirty days prior to hospitalization and sixty days after discharge from hospital.
Under the comprehensive coverage of accident health insurance, certain specific ailments or surgery or procedures are covered up to predefined limits. The coverage is subject to the total sum insured not being exceeded.
There are some key benefits associated with an accident health insurance
• Pre-existing illness can be covered if the insurance is renewed with the same company consecutively for around 5 years.
• Nursing care benefit for a specified number of days in case the insurer requires nursing even after discharge from hospital.
• Cashless claims facility is a chain of hospitals throughout the country which should be looked upon while buying a policy.
• Free health checkup for your parents after touching the senior citizen mark.
• A singular advantage of such policies is that in many cases the policy can be renewed for many years.
• If a claim is preferred, the status of the claim can even be checked online.

These benefits are available for accident health insurance policies gifted to parents by children working abroad. Some insurance companies specially incorporate these features in their policies.