Finally managed to relax, travel around the world, spend your days with your loved ones, your passions and hobbies? Congratulations!
However, maintaining your health is critical to enjoying life at this stage – for this, the proper medical insurance needs to be in place. Guess what - just when it is needed the most, access to affordable private medical insurance becomes a great challenge.
Finding an affordable health insurance plan that provides senior citizens with the coverage they need is often a complex project. Many companies have entry age limitations (e.g. up to 65 years old) which will exclude seniors altogether. Even if an attractive alternative is found, cover might often be limited, excluding pre-existing and/or chronic conditions or stripped down to the bare minimum benefit mix.
On top of that, in many instances, insurers choose to increase premium sharply during the senior years, without providing other options. Even if this is arguably associated with a higher health claims ratio by seniors, nevertheless it becomes a critical financial obstacle into the long-term continuation of coverage.
