Insurance
Create A Fund to Pay Your Future Health Insurance Premiums – How much do you need?
By Investment Moats  •  October 17, 2021
When we are planning for our financial independence, one of the key considerations or areas to plan for is our healthcare needs. If we are unable to take care of our well-being, then the quality of our early retirement or traditional retirement (retiring after 65 years old) will drastically drop. There are a lot of considerations and that will be a topic for another day. Today, I would like to explore how much we may need to get ready to pre-pay the premiums for our health insurance. The Role of Our Health Insurance or Shield Plans in Singapore In Singapore, our health insurance is our shield plans from various private insurers: MyShield, PruShield, NTUC IncomeShield, Axa Shield, HealthShield, Raffles Shield. The main objective of our shield plans is to offset a large hospital bill. This can be inpatient or outpatient. For example, a transplant at a hospital may cost around S$300,000....
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By Investment Moats
Investment Moats is set up by Kyith Ng and have been around since 2005. He aims to share his experiences making sense of money, how money works and ways to grow his money. It hopes that by sharing his experiences, both good and bad, season investors can advice and critique his decisions and new investors can learn from them and find their own style ...
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