Counting solely on Ayushman Bharat PM-JAY? 6 limitations of this health insurance senior citizens must know
However, the flagship health scheme from government has its own share of limitations which may significantly impact the dependability of this scheme often in critical scenarios.
As the Ayushman Bharat PM-JAY scheme is set to cover all senior citizens aged 70 and above, a crucial question arises: should seniors continue paying for private health insurance or rely solely on government coverage? Let's analyse the benefits and drawbacks of both options to help seniors make informed decisions.
Ayushman Bharat PM-JAY for senior citizens: Here are the benefits
Under the Ayushman Bharat PM-JAY initiative, senior citizens will now get health insurance coverage of up to Rs 5 lakh annually for secondary and tertiary hospital treatments. You can get cashless treatment at over 29,000 empanelled hospitals.
Amid rising healthcare costs in India, Ayushman Bharat PM-JAY serves as a safety net for a vulnerable population, particularly those no longer actively employed and depend on external support for their well-being. Senior citizens do not have to pay any premium to avail of health insurance coverage. It covers a wide range of treatments, including pre-existing conditions, and offers coverage for surgeries, critical illnesses, and post-hospitalisation care.
Unlike private health insurance policies, Ayushman Bharat PM-JAY covers pre-existing disease medical conditions from day one. There will be no waiting period. It will benefit senior citizens who are unable to afford or obtain health insurance coverage due to pre-existing
