English Deutsch Français Italiano Español Português 繁體中文 Bahasa Indonesia Tiếng Việt ภาษาไทย
All categories

4 answers

the companies will be in a loss if they take mediclaim of senior citizens so to offtake the load from them. first the government has to make it compulsory to give one policy to a senior citizen for every nonsenior citizen they enroll.
and the loss caused by this should be compensated by the governemnt in form of tax rebates.

2007-03-02 00:48:22 · answer #1 · answered by Anonymous · 0 0

Assuming you're talking about in the US?

Actually, there's no need for health insurance companies to insure senior citizens in full at this point. Even if you don't choose to (or can't afford to) retire at age 65, you still become eligible for Medicare, which has fixed (and VERY inexpensive) premiums paid by the seniors themselves. Now, I realize that the premiums probably don't seem inexpensive to the seniors, but by comparison, I'm sure anyone would agree that the $73/month my grandmother pays for Medicare is certainly cheaper than the $450/month I pay for comparable coverage.

Medicare pays 80% for covered charges. Then there are literally hundreds of different Medicare supplement products (though the availability varies by location.) And as long as certain guidelines are followed, seniors can't be turned down by a Medicare supplement company. Period. And the rates on these products, while they aren't set by the government, must be approved by the government. You cannot be singled out for a rate increase based on your own claims history, either (although they can increase rates for an entire rating class at renewals of the policy.)

Short of flat out giving it away, I'm not sure what else you think should be done?

2007-03-02 01:38:23 · answer #2 · answered by ISOintelligentlife 4 · 0 0

if you have already take mediclaim in middle age then you will continue till the age 80s because in elder age is complicated that means some problem (health), if give the mediclaim to this age, the company cannot survive long time due to give more claims, in star health give to 80 ages

2007-03-02 01:32:05 · answer #3 · answered by ravi 2 · 0 0

Government has to take initiative.

2007-03-02 00:38:20 · answer #4 · answered by Expression 5 · 0 0

fedest.com, questions and answers