We often assume that health insurance will take care of everything. We pay our premiums, choose our plans, and hope we won’t need to use them. But when illness hits, whether it’s an unexpected hospital stay, a few weeks recovering from dengue, or helping a parent through a long-term condition, the costs can come as a surprise.
Even with insurance and subsidies through schemes like MediSave and CHAS, getting sick can still be expensive. On top of hospital fees, there are many ongoing, hidden and emotional costs that people rarely talk about until they go through it themselves.
Here’s what most people don’t mention, and what you can do to look after your finances, health and wellbeing.
What insurance covers and what it doesn’t
Health insurance is a critical part of any adult’s financial safety net. But even though it plays a key role, it’s often not well understood….
