When planning for retirement, securing a medical safety net is crucial to protect against healthcare risks – one of the five major risks that retirees face. At Havend, we find that there are two types of insurance policies that you should continue to keep even after you retire. That is, a health insurance policy that you can afford, and a long-term care insurance plan. Medical inflation continues to rise at an alarming rate. It is projected to be 12% in 2025, mirroring the high rate in 2024. As a Singaporean, you are covered by the national health insurance scheme, MediShield Life. Despite that, many individuals opt for a private Integrated Shield Plan (IP) to match their healthcare expectations. For example, if you prefer treatment at private hospitals, then you should purchase an IP that covers private hospital stays. However, the rising cost of these premiums poses a significant challenge – particularly in old age when there is no regular income....