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Medical insurance: Over $300,000 to cover for life
It is critical for everyone to boost their CPF savings if they want private hospital care.
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The pricing model of medical insurance means the highest premiums will start to kick in when policyholders are in their 80s.
ST PHOTO: KUA CHEE SIONG
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It's one of the few perks about getting old - senior citizens pay less for many things like public transport and movie tickets.
But there is one glaring exception: medical insurance. It gets costlier with every year you age, and it is hardly a luxury item you can trim from your budget.
