Time for all senior citizens to stop their private health insurance?

With the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (PM-JAY) set to extend health insurance coverage of up to Rs 5 lakh to all senior citizens above the age of 70, a pertinent question arises: should you continue paying for private health insurance or rely entirely on this government-provided coverage? Let's break down the benefits and limitations of both to help senior citizens make an informed choice. What does Ayushman Bharat PM-JAY offer to senior citizens? In a landmark decision made on September 11, 2024, the PM-JAY will be extended to cover all senior citizens aged 70 and above, regardless of their income. Under this initiative, senior citizens will now be eligible to receive health insurance coverage of up to Rs 5 lakh annually for secondary and tertiary hospital treatments. Senior citizens who are part of a family already enrolled in PM-JAY will receive an additional top-u

This article was originally published on October 08, 2024.