Financial Safety Net for Disabled: Experts Advise on Rising Medical Costs
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Moneycontrol•11-01-2026, 17:08
Financial Safety Net for Disabled: Experts Advise on Rising Medical Costs
- •Rising medical expenses in India disproportionately affect people with disabilities, often exceeding their income.
- •Financial security is crucial for people with disabilities due to lifelong medical necessities and the risk of depleting family savings.
- •Key measures include choosing health insurance with special provisions for pre-existing conditions and utilizing government schemes.
- •Building an emergency fund (6-12 months of expenses) and investing in safe options like FDs or Post Office schemes are recommended.
- •Seeking advice from a professional financial advisor can help create a suitable long-term financial portfolio.
Why It Matters: People with disabilities can achieve financial security through health insurance, government schemes, and smart investments.
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