“Health is wealth” – so the saying goes, and as such, it makes sense that you’d want to protect your health as a key component of your assets. That’s where health insurance comes in, to ensure you have sufficient resources to get the treatment you need should you fall ill. But how much health insurance do you need, and how much can you expect to pay as a result over your lifetime? We delve into the costs behind a robust healthcare plan. Necessities of medical insurance Comprehensive medical insurance comprises four parts, of which health insurance is one component. The illustration below gives an overall framework for what medical insurance should deliver for you. In sum, comprehensive medical insurance should be able to cover hospitalisation bills and medical treatments, and replace your income should you not be able to work due to critical illness or disability. Health insurance is a key aspect that covers your hospitalisation bills...