FridayOL

Budget 2025: Will Senior Citizens Get Tax Breaks on Health Insurance?

MSN

The previous budget failed to provide targeted tax relief to seniors, despite introducing the Ayushman scheme for those aged 70 and above. This year, there may be room for improvement, particularly in terms of health insurance benefits for senior citizens, with possible tax deductions and exemptions. As the population ages, the need for comprehensive health insurance for seniors is becoming increasingly important. With the upcoming budget, there is hope that Finance Minister Sitharaman will address this issue, providing some respite to seniors in the form of tax benefits on health insurance premiums, making healthcare more affordable and accessible.