Plan for medical insurance as it gets more costly when you are older

Many working folk don’t think twice about the costs of their medical policies because the annual premiums are affordable. ST PHOTO: GAVIN FOO
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SINGAPORE - If you want to enjoy a stress-free retirement, it is critical that you ensure your medical insurance does not lapse – not because you forgot to pay but due to insufficient savings.

Many working folk do not think twice about the cost of their medical policies, known here as integrated shield plans, because the annual premiums are affordable at about $1,000 to $2,000 for those aged below 50.

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