Parents in their middle years also feel a wide gap between themselves and
their senior citizen parents who often become emotionally dependent on their middle - aged «children.»
The stress on
my senior citizen parents was ridiculous and uncalled for.
You can enjoy a tax benefit under Section 80 (D) of the Income Tax 1961 on the premium paid for
your senior citizen parents; maximum limit being Rs 20,000 / -.
My senior citizen parents are covered under a group health insurance scheme from a public sector bank for Rs 5 lakh.
Should i get one for
my senior citizen parents along with me.
Also, you can cover
your senior citizen parents as well by paying a slightly higher premium.
Risk factor: If you want to add
your senior citizen parents, bear in mind that you will be paying a higher premium because of the risk factor associated with their age.
Buy
your senior citizen parents individual health plans and make your decision the best deal ever.
This is where a good health insurance plan for
our senior citizen parents saves the day, helping us tend to our parents» medical needs, without financial stress.
The maximum exemption you can claim is as high as Rs. 60, 000 annually if you are a senior citizen and also cover
your senior citizen parents under a health insurance plan.