Separate Health Insurance for Parents or Family Floater? What Experts Recommend

• Experts advise separate health insurance for parents to avoid higher premiums and depleted coverage in family floaters.
• Adding parents to a family floater increases the premium based on the oldest member and can quickly exhaust the shared sum insured.
• Standalone senior citizen policies, though expensive, ensure dedicated coverage and prevent medical events in one generation from affecting another.
• Children should proactively purchase separate policies for parents early to reduce premiums, complete waiting periods, and ensure continuity of coverage.
• Separate policies offer tax benefits under Section 80D and are specifically designed for senior citizens with lifelong renewability and disease-specific benefits.