Adding Parents to Your Health Insurance: Is it Possible?

As our parents age, there is always a concern for their health that is looming in our minds. This is the time when we start to think-  Can I put my parents on my health insurance?

The answer is yes; we can include our parents in the existing health insurance plans. However, choosing a separate best health insurance plan for parents is a better option. Even though we have to pay for two premiums, it will help us save on the incremental costs that we would have incurred over the years for a consolidated health insurance policy.

Separate health insurance for parents also means comprehensive coverage for our parents since it will include terms specific to their healthcare needs.

Why Do We Need Health Insurance Plans for Parents?

Buying a health plan for parents offers several benefits and makes sure that their well-being is taken care of. Here are a few reasons why you should consider buying the best health insurance plan for your parents:

• Medical Inflation: Healthcare costs are on the rise. This can be quite an expensive affair, especially for our parents, who might have to visit the hospital frequently for specific treatments. With a robust health insurance plan, we and our parents can beat medical inflation and still receive the best possible treatment.
• Inadequate Insurance Coverage: There are times when our corporate policy or our parents’ corporate insurance might not cover every aspect of healthcare and treatment. So, buying a separate health insurance for them is a great way to secure their health and enhance their existing financial coverage.
  
• Lifestyle Diseases: Lifestyle diseases don't discriminate by age; they can affect both the young and the elderly, necessitating prompt medical attention. Having health insurance in place can ease the financial burden and streamline the treatment process for the older generation as well.
  

What Will the Health Insurance Cover?

It is great to know what elements are covered in our parents’ health insurance so that there are no unpleasant surprises during the claim process. Moreover, staying informed of these elements can also help you get the right policy that checks all the boxes.

• Cashless Home Health Care: Our parents might like the idea of cutting down on hospital visits and, if their doctor allows, avail of at-home medical assistance, as much as possible. Certain insurance providers cover home health care and often make things easier by converting it into a cashless mode.
• Day Care Procedures: Often, treatments are completed in 24 hours. Owing to medical advancements, long surgeries might need just a couple of hours, which makes them qualify as daycare procedures. However, a few reputed insurance providers cover such procedures as well.
  
• AYUSH Benefits: For many, alternative therapies and treatments can help get rid of an ailment or cure a condition. So, you should research and look for insurance providers that cover alternative therapies. After all, the goal is to gain better health status.
  
• Sum Insured Rebound: Health insurance policy for our parents can also act as a double layer of protection, as they can avail of the sum insured rebound benefits. These can act as a backup and recharge their depleted health covers.
  

Bottom Line

So if the question: Can I put my parents on my health insurance ever comes up again. Remember,  it is generally possible to add our parents to our health insurance plan, which can offer them important coverage. However, it is advisable to consider taking a separate plan for them from an insurance provider like Niva Bupa. While adding them to your plan can provide immediate assistance, a dedicated plan tailored to their specific healthcare needs and age-related requirements can offer more extensive coverage and peace of mind.

So if the question: Can I put my parents on my health insurance ever comes up again. Remember, it is generally possible to add our parents to our health insurance plan, which can offer them important coverage. However, it is advisable to consider taking a separate plan for them from an insurance provider like Niva Bupa, the best health insurance company in India. While adding them to your plan can provide immediate assistance, a dedicated plan tailored to their specific healthcare needs and age-related requirements can offer more extensive coverage and peace of mind.