29 Jan '12, 6am

Cost of health insurance

The insurance agents frighten consumers about the high cost of health care, and offer insurance as a solution. They did not explain the high cost of insurance, as seen in this example about AIA Health Shield Gold Max. I have not calculated the cost of similar plans offered by other insurance companies, but I suspect that they will be expensive as well. A low cost option is to buy CPF Medishield, or be self-insured. At the young age, most people are covered by their employer, or their have low incidents of hospitalisation. When they are old, they should have accumulated sufficient savings in Medisave to self-insure.

Full article: http://tankinlian.blogspot.com/2012/01/cost-of-health-ins...

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