landing img
Plan

Investing In Prevention: Why Seniors Need To Plan For Health Management

Investing in prevention is not just a health imperative, but an economic strategy; an all-inclusive health plan with preventive care thus offers an economic buffer against medical emergencies.

April 2, 2024
April 2, 2024
Health Planning

Health Planning

In the wake of an ageing global population, the concept of ageing gracefully has evolved from a mere aspiration to a tangible goal, achievable through careful planning and proactive health management. Countries like India, with their rapidly growing elderly demographics, are at the forefront of a societal shift. This shift isn’t just demographic; it’s a call to action for seniors, caregivers, and policymakers alike to prioritise health management, invest in prevention and holistic well-being and look at what building blocks need to be put in place to create an integrated care eco-system for seniors.

Also Read: Aim For Goals, Not A Fat Corpus: Assam Embankment Worker’s Journey To Financial Freedom

Advertisement

The aging process brings with it a unique set of challenges and opportunities. A study by HelpAge India in 2022 has highlighted a troubling aspect of senior living: over 60 per cent of seniors report feelings of loneliness and depression. This statistic is a stark reminder of the socio-emotional gaps faced by the elderly, compounded by financial strains and inadequate healthcare access.

For many seniors in India, the golden years are tarnished by healthcare woes, financial insecurity, and its consequential aftereffects. When left unplanned and not future-proofed, savings can dwindle in the face of rising living costs, making essential medications and treatments less accessible. Healthcare infrastructure, burdened by overcrowding and a shortage of specialised care for seniors, struggles to meet the growing demand, leading to a cycle of neglect and deteriorating health outcomes.

Advertisement

Demographic Trends and Healthcare Implications

India’s elderly population is surging and it is projected that by 2050, 1 in every 5 Indians will be a senior. This demographic shift, characterised by a declining fertility rate and an increasing life expectancy, is setting the stage for a healthcare crisis. The Longitudinal Ageing Study of India (LASI) 2021 underscores this looming challenge, revealing that a staggering 75 per cent of the elderly suffer from one or more chronic diseases. These conditions not only impair the quality of life for millions but also place an unsustainable load on the healthcare system.

The traditional healthcare model, focused on treating illnesses rather than preventing them, needs to undergo a much-needed rapid transformation. Preventive healthcare for seniors emerges as a pivotal strategy, emphasising early detection, regular screenings, and vaccinations. This will help proactively address health issues, thereby sparing seniors from physical, emotional, and financial burden that comes with the onset of advanced health conditions. Three key levers of this approach encompass:

Empowering Through Education

Spreading awareness amongst seniors and equipping them with tools that can help monitor and navigate their wellbeing. From understanding the importance of nutrition, to the critical role that physical activity plays, and how to adopt self-care protocols to manage chronic conditions, we can empower them to be independent and take informed decisions. Educational initiatives targeting seniors and their caregivers can demystify healthcare, making it a more accessible and less daunting realm.

Also Read: Andhra Pradesh Old-Age Pension: Know Eligibility, Benefits, And Documents Required

The Importance of Insurance

Investing in prevention is not just a health imperative but an economic strategy. Comprehensive health planning, inclusive of preventive care, health insurance and savings instruments offer an economic buffer against medical catastrophes.

Beyond offering peace of mind, insurance plans tailored to seniors can cover a spectrum of needs from cashless hospitalisation, critical illness coverage, routine health check-ups, and stay in assisted living facilities and care at home services. These benefits underscore the importance of comprehensive health insurance as a component of preventive healthcare planning. This is an absolute must and requires urgent attention.

How Senior Living Communities and Care Homes can play a huge role

Given India’s changing demographics, breakdown of the joint family system in top urban cities any discussion on helping seniors age with grace and joy would be incomplete without mentioning the pivotal role of senior living communities and senior care homes.  Senior communities provide safe and secure abodes, company of like-minded people and all basics amenities to provide physical, emotional, and psychological comfort to seniors. They offer regular preventive health checkups, curated engagement activities to keep seniors physically and mentally cognitive, provide support for managing chronic conditions, and promote healthy lifestyles through balanced meals, exercise programmes, and social activities. So a blend of lifecare and lifestyle interventions aimed at enriching quality of life for seniors.

Care homes or assisted living facilities are for those who need more immersive interventions and assistance in activities of daily life. The infrastructure in these care homes is tailored to mitigate health risks and address health concerns. They provide access to care givers, physicians, physiotherapists, provide nutritious meals and offer curated engagement activities as well.

As India and other nations grapple with the demographic realities of an aging population, the strategies outlined herein—from focusing on preventive care to empowering seniors through education, financial planning, and assisted care in daily lives—offer a roadmap to a healthier, more dignified aging process.

 

The author is MD of Max India Ltd and MD and CEO of Antara Senior Care.

Advertisement

    Related Articles

    Advertisement

    Advertisement

    Previous Retirement Issues

    • magzine
    • magzine
    • magzine
    • magzine

    Group Publications

    • magzine
    • magzine
    • magzine
    • magzine