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Anonymous
My parent is in his 70s and I had purchased a private hospitalization insurance a couple of years ago and am now wondering if there is a need to purchase this insurance which has a premium cost of $2500-$3000 per annum. Note that my parent is relatively healthy and has not seen a doctor in his entire life. 10yrs of premium would come to $25-$30k of premium cost. 20yrs would be doubled, hence not a small sum. Please share your thoughts.
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Gabriel Tham
27 Sep 2018
Tag Team Member at Kenichi Tag Team
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If can afford is good to have.
If cannot afford, then make do with lower wards and subsidized care