Monday, February 1, 2010

Higher Medisave to pay for Long-Term Treatment (29-Jan 2010)


"As the longevity of Singaporeans increases, the likelihood of us falling ill for a longer period in our lives increases as well"

With the ever increase in medical cost over time, the Medisave in your CPF account may not be sufficient through your lifetime. Depending on your working lifespan as at now, it could range anything from $5k to perhaps $30k? One big operation or surgery can easily wipe out your Medisave savings in one shot, if you know the market rate for hospital bill.

This is why it is so critical to upgrade your existing MediShield plan to a privatised "as-charged" plan so that you are able to minimize your H&S bills. Many of my clients have taken that extra step to ensure this, have you done so? Do not under-estimate how medical bills can eat into your financial plans. You may be in the pink of health right now, but can you guarantee that you will be healthy forever even if you eat well or exercise regularly? I can't.

If you are keen to protect yourself and your family from facing any medical financial crisis, pls ring me to find out more. I cannot prevent you from getting sick, but I can help cushion you financially if you use the right instruments to help yourself.

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