Check the coverage wordings for terms and situations to have a better understating in regards to the eligibility criteria. Often, hospitals and health insurers outsource medical insurance-associated responsibilities to decrease their burden. If you are paying the medical insurance premium in your mother and father and for self, then you’re eligible for tax exemption as much as Rs. 55, 000 in a 12 months underneath section 80D, offered your mother and father are senior citizens. Co-payment is a cost-sharing requirement beneath a health policy, which states that the organization or the particular person will bear a certain share of the…