Insurance
The Real Financial Cost of Critical Illnesses in Singapore
By ValueChampion  •  March 30, 2022
Battling a critical illness can be tough. It is a long-term affair and can put a large stress on one’s finances and emotional health. From the medical bills involved in the treatments for critical illnesses to facing difficulties with paying for necessities, it is no surprise that one in three of critical illnesses patients have spent all or most of their savings battling critical illnesses. The True Financial Cost of Being Critically Ill Image Source: Manulife Ranked as the second most expensive country to live in, it is inevitable that the costs of healthcare in Singapore are costly as well. For those battling critical illnesses, it is not solely the one-time costs that they have to bear. There are also long-term costs of treatment for critical illnesses involved. Between the emotional trauma and challenges and the financial distress one faces when critically ill, patients, as well as their loved ones, often find financial concerns the biggest challenge....
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By ValueChampion
We distill sprawling marketplaces—for insurance, credit cards, bank accounts, and more—down to choices that represent a sweet spot for value—as in offering the features, returns, or experience we think you need for the smallest outlay. We ask: Is the return on a particular purchase or decision worth the cost or risk of that option, and how does the choice stack up against other options?
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