Most of us would have heard of the saying “you can afford to die but not get sick in Singapore”. There is definitely truth in this saying because healthcare cost is really a bomb and this bomb will get bigger in the future. Healthcare spending budget is the 4th largest in Singapore at $10.2 billion for 2018. This amount is expected to be increased over the years as we prepare for an ageing population and rising healthcare cost.

A more scary cost than hospitalisation bills

While all of us know that hospitalisation bills can be quite scary, I think many do not know that there is another more scary cost than hospitalisation bills. This is the long term healthcare costs after a patient discharges from hospital. Hospitalisation bills can often be covered by Medishield life or private integrated shield plans but long term healthcare cost can rarely be covered …