This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!
"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder
"For the things we have to learn before we can do them, we learn by doing them." - Aristotle
It is here where I share with you how I did it!
FREE Education in stock market wisdom.
Think Investing as Tug of War - Read more? Click and scroll down
Govt & MOH had been looking at 100% riders since 2014/2015.
ReplyDeleteWriting was on the wall for those with eyes to see ... unsustainable moral hazard behavior on both consumers & doctors/hospitals... leading to "mal-treatments" as consumers want "best of the best" while doctors/hospitals want maximum profits.
Insurers simply pass on the cost to consumers ... inflation in medical costs leading to inflation in H&S and rider premiums ... govt also having to cover higher subsidies for C & B2 patients.
Premiums for such 100% riders had been increasing 20%-30% yearly .... some are even having 80% increase in 2018...
Govt had been hoping for insurance industry to self-regulate ... but when $$$$$$ is involved very hard lah .... so now govt has to intervene .... but still panchan the businesses ... only 5% and a low cap of $3K annual
Will slowly increase in the years ahead...
All IP premium has a fine print .... they can change their premium as and when necessary to cover their cost.
ReplyDeleteSo, we can expect that the future premium will rise even though we're existing customers.
This premium may eat into your retirement cashflow.
If you're retire and the premium
Oh! the last sentence should be omitted. :)
DeleteCW,
ReplyDeleteSomething about "free" that messes with our minds.
Free miles, free cashbacks, free medical treatments!
"Free" only when you continue to "spend" on the annual medical insurance premiums ;)
Its not a lot when we below 50. But come our 50s to 60s, quite a few will have a price ticket shock!
Being kiasu Singaporeans, since already paid so much for "free", when finally got chance to make medical claims, spare no expense!
Then complain why premiums keep increasing every year?
I find it amusing when friends working inside the industry complaining the increased premiums and co payment thing, mind you, they are not fresh by the way. Haha.
Delete