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Senior Citizens Health insurance

Water everywhere, but not one drop to drink! This was the feeling Senior Citizens had years ago when they were able to get health insurance companies that would cater to them.

People can live longer and more healthy lives if they have better medical conditions. But, age can bring about some health issues that need to be addressed. 

The Insurance market for seniors has expanded with the rise of many Insurance companies. This is a great opportunity for seniors to be able to plan their health and manage it themselves. You can also take medical insurance for senior citizens through https://trustedunion.com/health-insurance/senior-health-insurance.

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People over 50 were not generally considered insurable or high-risk. If anyone was looking for health insurance, they were denied or issued policies with exclusions regarding pre-existing conditions.

Insurance companies are now looking at senior citizens as potential markets and offering a Health Insurance product to them. The Insurance Regulatory and Development Authority has taken several steps to increase the participation of seniors in the health insurance industry.

Some health insurance companies cover seniors without a cap, but IRDA has a directive that at least 65 be the maximum age for entry.

The Health Insurance segment is still in its infancy and therefore arbitrary/dichotomous at the moment. To be eligible for health insurance, every individual must undergo medical testing. Insurance companies will vary in how much they reimburse for medical tests.

All insurers will reimburse 50% of the cost for the medical tests if the customer has a health insurance policy. There are still companies that offer coverage for seniors without medical tests. They also cover pre-existing conditions starting in the first year.