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80D Tax Deductions for Senior Citizens: How to Benefit from Additional Coverage

80D Tax Deductions for Senior Citizens: How to Benefit from Additional Coverage

Published 2 months ago
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This story was originally published on HackerNoon at: https://hackernoon.com/80d-tax-deductions-for-senior-citizens-how-to-benefit-from-additional-coverage.
Learn how Section 80D tax deductions help senior citizens save on health insurance while securing comprehensive medical coverage.
Check more stories related to society at: https://hackernoon.com/c/society. You can also check exclusive content about #health-insurance, #mediclaim-for-senior-citizens, #80d-deductions-explained, #income-tax-deductions, #best-health-insurance, #health-insurance-tax-benefits, #senior-citizen-healthinsurance, #good-company, and more.

This story was written by: @sanya_kapoor. Learn more about this writer by checking @sanya_kapoor's about page, and for more stories, please visit hackernoon.com.

Section 80D of the Income Tax Act offers senior citizens higher tax deductions on health insurance premiums, helping offset rising medical costs. This guide explains deduction limits, preventive check-up benefits, and how choosing the right senior citizen mediclaim policy can maximise tax savings while ensuring comprehensive healthcare coverage and financial security during retirement.

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