There are different ways of caring for elderly loved ones in a family. One of the best ways to do that is by purchasing an open care senior plan that helps in covering medical and final expenses. Taking care of your senior citizen’s medical and final expenses without such a plan can drain your pocket.
Here are some of the benefits of choosing an open care senior plan for your loved one.
It Offers Permanent Protection
Different insurance covers for seniors come with an expiry date. This may force you to look for an alternative plan for your senior citizen. And this can be challenging, especially when age is catching up with them.
However, with an open care plan, there is no cancellation of the cover because of age or health status. Only non-payment of premiums can result in a suspension.
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It Has Fixed Premiums
There are final insurance programs that have an increasing premiums payment plan as the age of your loved one increases. It can be costly to plan for such plans. But, this isn’t the case with an open plan program; its premiums are stable, making it a great thing when making final arrangement plans. This gives you peace of mind as you don’t have to worry about the cost of the rising premiums.
It Has a Low Entry Cost
The initial cost of joining an open care senior plan is much lower than other plans. Furthermore, the premium prices are relatively low. You can pay as low as $ 7 and a maximum of $200 monthly for this plan. An open care senior plan is affordable compared to other plans.
It Offers Full Coverage from Day One
The open care plan does not have any waiting periods like other insurance plans for seniors. This means that your loved ones will enjoy full coverage from the moment you enroll them in the plan.
The Age Limit is Higher
As senior citizens get older, their insurance options become less. However, this is different when it comes to open care senior plans. You can ensure your loved ones even when they are 90 years old. Therefore, it’s never late to choose an open care senior plan for your loved one.
No Medical Examination is Required
Your senior citizen qualifies for an open care senior program regardless of whether they have a chronic health problem or not. You don’t have to worry if they have any pre-existing health conditions. This is unlike other insurance programs that demand a medical examination for one to be covered.
Losing your elderly relative is sorrowful, but an open care plan can offer consolation. The plan pays a cash lump sum, which can cater to funeral expenses and support the family during the mourning period. The death benefit amount depends on the premiums you have been paying for your senior citizen.
Now that you understand the perks of choosing an open care senior plan for your loved one, it’s time for you to choose one. Take charge of your senior citizen’s medical and last expense bills by selecting an open care senior program and For more information about aged care facility visit MACG.