By The Boy Who Procrastinates – March 17, 2018

Following from the previous post on the Pyramid of Insurance Needs, I will touch on the Hospitalization component of the pyramid in this post. Citing a common saying: “One can die, but cannot fall ill”, it underscores the growing concerns of the high healthcare cost in Singapore. In my opinion, hospital bills can potentially have a devastating impact to your wealth. While I am thankful that I have not been admitted to hospital before (touch wood!), I understand that we should not be taking good health for granted. Given that hospitalization usually incurs huge expenses, it is thus prudent to ensure that there is sufficient health coverage in this area.

MediShield Life All Singaporeans and PR are provided universal coverage under MediShield Life, including those with pre-existing conditions. It is a basic health insurance plan that helps to …