Rising Health Insurance costs for Elderly and Retirees Spark Concerns
Elderly individuals and non-citizen retirees are voicing their frustrations over the escalating costs of health insurance policies, especially for those with chronic illnesses or requiring surgeries. According to Emirates Today, complainants, who chose to remain anonymous, revealed that some insurance companies are charging premiums starting from 11,000 dirhams, with costs soaring up to 100,000 dirhams for major surgical procedures. Many argue that these prices fail to consider their financial limitations, making it increasingly difficult to afford essential healthcare.
abdul Mohsen Jaber, Chairman of the Health Insurance Committee at the Emirates Insurance Federation, addressed these concerns, emphasizing that insurance companies offer a range of coverage options tailored to individual needs. “Basic insurance is suitable for retirees with limited financial means,” he stated, adding that health insurance is mandatory across all emirates.
Jaber explained that pricing is primarily determined by the insured’s age and medical condition. “Insurance companies assess the person’s health status before setting the price. Thay may request detailed medical reports or ask specific questions to evaluate the individual’s health needs,” he said. This process ensures that the coverage provided is both reasonable and adequate.
He also highlighted the diversity of health insurance cards, which offer various options based on the insured’s preferences. while basic coverage is legally required, some individuals opt for additional benefits, which come at a higher cost. For retirees with limited budgets, Jaber advised sticking to basic coverage, which guarantees essential healthcare services. “They can seek treatment in clinics and medical centers that are more affordable compared to large hospitals,” he noted.The challenges are particularly pronounced for individuals over 65, who frequently enough face chronic illnesses and higher medication costs. Jaber explained, “Someone who spent 1,000 dirhams on medication in their thirties may now spend 5,000 dirhams after turning 65. These factors are considered when determining insurance premiums.”
Despite these hurdles, Jaber pointed out that regulatory authorities have enhanced health benefits for the insured. “Coverages like organ transplantation are now compulsory and included in basic plans,” he said, underscoring the thorough nature of basic health insurance cards.
He urged policyholders to approach health insurance as a necessity rather then a luxury. “The insured must realize that health insurance is essential for easy renewal by companies, and medical reviews should not be unnecessarily exaggerated,” he concluded.
Key Points at a Glance
| Aspect | Details |
|————————–|—————————————————————————–|
| Cost Range | 11,000 to 100,000 dirhams for major surgeries |
| Basic coverage | Mandatory and suitable for retirees with limited financial means |
| pricing Factors | Age, medical condition, and medication needs |
| Regulatory Enhancements | Organ transplantation now included in basic coverage |
| Advice for Retirees | Opt for basic coverage and seek treatment in affordable clinics |
As the debate over health insurance affordability continues, retirees are encouraged to explore their options and prioritize essential coverage to manage healthcare costs effectively.
Rising Health Insurance Costs for Elderly and Retirees: Expert Insights
As health insurance premiums for elderly individuals and non-citizen retirees continue to rise,concerns about affordability and access to essential healthcare are growing. In this interview, Senior Editor of World today News speaks with Dr. Omar Al-Mansoori, a healthcare policy expert, to shed light on the challenges and solutions for retirees navigating these escalating costs.
The Rising Costs of Health Insurance
Editor: Dr. Al-Mansoori, many retirees are reporting that health insurance premiums are becoming unaffordable, especially for those requiring major surgeries. What’s driving these rising costs?
Dr. Al-Mansoori: the primary factors are the increasing cost of medical procedures and the higher prevalence of chronic illnesses among older adults. For surgeries, premiums can range from 11,000 to 100,000 dirhams, depending on the complexity of the procedure. Additionally, demographic shifts, such as an aging population, are putting pressure on insurance providers to adjust thier pricing models.
Basic Coverage for Retirees
Editor: You’ve mentioned that basic health insurance is mandatory. Can you explain why it’s especially suitable for retirees with limited financial means?
Dr. Al-Mansoori: Absolutely. Basic health insurance plans are designed to provide essential coverage at an affordable rate. They ensure access to necessary medical services without the added costs of more thorough plans. For retirees on fixed incomes,these basic plans are a practical way to manage healthcare expenses while staying compliant with mandatory insurance regulations.
Factors influencing Insurance Pricing
Editor: What factors do insurance companies consider when setting premiums for retirees?
Dr. Al-Mansoori: Age, medical condition, and medication needs are the key determinants. As a notable example, individuals over 65 frequently enough face higher premiums due to the increased likelihood of chronic illnesses and the associated costs of long-term medication. Insurers also evaluate detailed medical reports to assess the insured’s health status and tailor the coverage accordingly.
Regulatory enhancements: Organ transplantation
Editor: Can you elaborate on the recent regulatory changes, such as the inclusion of organ transplantation in basic coverage?
Dr.Al-Mansoori: Certainly. Regulatory authorities have made notable strides in enhancing health benefits. Organ transplantation, once considered an additional benefit, is now included in basic plans. This change ensures that individuals have access to life-saving procedures without the burden of excessive costs. It’s a reflection of the commitment to making essential healthcare services more accessible.
Editor: What advice would you give to retirees struggling with high insurance premiums?
Dr. Al-Mansoori: My advice is twofold. First, opt for basic coverage, as it provides essential healthcare services at a lower cost. second, seek treatment in affordable clinics and medical centers instead of large hospitals, which often charge higher fees. Additionally, retirees should stay informed about their options and explore any available subsidies or financial assistance programs.
Key Takeaways
while rising health insurance costs pose challenges for retirees, basic coverage remains a viable option for those with limited financial means. regulatory enhancements, such as the inclusion of organ transplantation, are positive steps toward making essential healthcare more accessible. By prioritizing essential coverage and seeking affordable treatment options, retirees can effectively manage their healthcare expenses.
