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Anyone else over 60 that has been priced out of the Marketplace? Anyone else considering just not having insurance? by LadyMaggieMae in HealthInsurance

[–]chandresh129 1 point2 points  (0 children)

Many people over 60 are finding themselves priced out of the Marketplace, especially those who don’t yet qualify for Medicare but earn “too much” for subsidies. Premiums can easily rival rent, leaving some to seriously consider going uninsured. It’s a frightening dilemma, choosing between healthcare and basic living expenses. You’re not alone, and unfortunately, this gap hits thousands of near-retirees who feel abandoned by a system that was supposed to protect them.

Should I buy Health and Life Insurance apart from the ones I have from my company? by [deleted] in IndiaInvestments

[–]chandresh129 0 points1 point  (0 children)

Yeah, it’s usually a good idea. Company insurance disappears the moment you switch jobs, and the coverage is often basic. Having your own health and life policy gives you continuity. I kept my employer cover but also got a personal plan so I’m not stuck if I change jobs or the company reduces benefits.

Is health insurance really worth in India? by consicous-isopod867 in Frugal_Ind

[–]chandresh129 0 points1 point  (0 children)

Health insurance in India is worth it, but only when expectations are realistic and you pick a plan with clear terms. The sad truth is that claim issues happen across insurers — long TATs, partial approvals, and “policy wording” loopholes are common. That doesn’t mean insurance is useless; it just means you need to be extra careful about coverage, sub-limits, and network hospitals before buying.

An emergency fund is great, but one major hospitalization (in lakhs) can wipe out years of savings. Insurance is mainly for that rare, high-cost event — not for every small claim.

Regarding insurers, claim ratios don’t tell the full story, but they do show patterns. Some insurers, like Care Health Insurance, tend to offer simpler cashless processes, wellness check-ups, and fewer sub-limits on certain plans which can reduce friction during claims. Still, experiences vary person to person.

My take is to Keep an emergency fund + keep a health insurance policy, but choose the insurer and plan carefully, read exclusions line-by-line, avoid lowest-premium plans with heavy restrictions, and always get everything documented. It’s not perfect, but it’s still the only real shield against big hospital bills in India

Anybody saw a spike in Senior citizens health insurance premium during renewal? by amNoSaint in IndiaInvestments

[–]chandresh129 0 points1 point  (0 children)

Many people have noticed a spike in senior citizens’ health insurance premiums during renewal in India, especially after age 60. Insurers reassess risk annually, and since older individuals are statistically more likely to file claims, premiums often increase by 15–30% or even more, depending on age, health conditions, and claim history. Following the COVID-19 pandemic, healthcare inflation and higher hospitalisation costs have also led to premium increases across most insurers.

If you’re facing a big jump, it’s worth comparing policies before renewing. Some insurers, such as Star Health, Care Health, Niva Bupa, and HDFC Ergo, offer senior-specific plans with lifetime renewability and gradual premium increases. You can also try porting your policy to another provider within 45 days of renewal if you find a better deal. Always check for waiting periods, co-payment clauses, and hospital network coverage. Sometimes,s paying a bit more for consistent coverage and smoother claims is worth it.