With increasing age, health related problems increase, but along with this, hospital bills also start becoming heavy on your pocket. Recently revealed health insurance data has made shocking revelations, which shows the speed at which the cost of treatment is skyrocketing at different stages of age. According to statistics, while the average medical claim at the age of 25 years is around Rs 65 thousand, after crossing the age of 60 years, this expense directly increases to Rs 1.77 lakh. In this report, the condition of different cities of the country has also come to light, in which the country's financial capital Mumbai has proved to be the most expensive in terms of treatment.
How the burden of medical expenses increases with age
As a person's age increases, the body's immunity begins to decline and chronic diseases like diabetes, blood pressure and heart-related problems begin to occur. According to data from insurance companies, the elderly require hospitalization more than the youth and their treatment also lasts longer. This is the reason why the average health claim of youth aged between 25 to 30 years is very low, whereas after the age of 50 to 60 years this figure increases up to three times. Rising prices of medicines, doctors' fees and modern medical tests have further increased this expense.
Treatment is most expensive in Mumbai, condition of other cities
If we compare metropolitan cities across the country, Mumbai ranks first in terms of medical expenses. Here, hospital room rent, surgery expenses and nursing charges are highest compared to other cities. After Mumbai, the cost of treatment in big cities like Delhi-NCR, Bengaluru and Chennai is also becoming beyond the reach of the common man. In comparison to small cities, lifestyle related diseases are spreading faster in these metros, due to which people become victims of serious diseases at an early age and are forced to pay huge medical bills.
Why health insurance is the biggest need of today's time
In view of the increasing medical expenses, experts believe that it has become very important for every person to have health insurance with adequate cover. In today's times, even a short trip to the hospital without insurance can wipe out a year's savings in minutes. While taking the policy, special care should be taken that it should keep in mind the expenses and room rent restrictions that come with increasing age. Only by choosing the right insurance plan at the right time, you can protect yourself and your family from this huge financial crisis in the future.