But as you know, when people grow older and live longer, people tend to get sick more often. In Singapore, the hospital admission rates is about 100 per 1000 resident population.
So there is 1 in 10 chance of people being hospitalized in any time of the year.
Is the risk low? maybe. But I will not take chances. Because if you are that 1 person that is hospitalized, the bills can be really huge. It may wipe out your savings.
Let me share with you 2 news article.
This is a $300,000 hospital bill.
This is a $147,000 hospital bill.
Of course there are many more medical bills like this and even bigger amount, it's just that it was never mention in the news.
From my own personal experiences, for critical illness, the bill can go up to $300,000. For serious illness, the bill can go up to $100,000. While for minor illness, it may set you back up to $30,000.
If you are still healthy, don't take it for granted. Get a medical insurance while you can, so you can be sure that your hard earned saving is protected.
If you do not have millions of dollars in the bank, it is a must that you have medical insurance. Because if you don't have, even 1 hospital bill can really wipe out your saving. Even worse, you don't have enough money to pay the bill.
Do you know that in many countries, the leading cause of filing for bankruptcy is individual illness and the related medical bills that accompany the illness? It's true.
Cheers! Have a great day.
0 comments:
Post a Comment