Most of us in Singapore have a comprehensive hospital coverage to protect ourselves against the rising medical costs so that should anything happens, we have a peace of mind as the insurance company is there to take care of our hospital bills.
However, have you thought of what happen after your retirement? Without an income coming in or lesser income coming in, how are you going to pay for your hospital premiums when it will increase as you aged older? Do you have an additional of $89,000 coming in after retirement?
If no, what are you going to do? How are you going to pay for it? Not forgetting that this is the time you need hospital coverage the most?
Do contact me if you want to know what are the various options that are available to you so that you have this sum of money coming in after your retirement.