Planning for Health Care Risks
Thanks to continuing advancement in medical technology, the survival rate after on onset of sickness is much higher than before, but it could mean a decrease of capability of income generation or a drawdown in your retirement savings. Navigating health care risks demands a comprehensive financial planning, from income protection to long term care. Our approach ensures you and your loved ones have the financial security to manage health care needs without stress. Let’s explore how you can safeguard your health and wealth together.
Emergency Fund: Your Financial Safety Net
Building a robust emergency fund is your first line of defence against unexpected health care costs. We’ll guide you on how much to save and the best places to keep these funds accessible yet growing.
Health Insurance: Comprehensive Coverage
While basic health plans cover a lot, they don’t catch everything. We’ll help you navigate additional health insurance options to ensure you’re protected against the costs not covered by your primary plan.
Critical Illness Insurance: Specialized Protection
For serious health issues, critical illness insurance offers a lump sum to help with expenses. We’ll discuss how this coverage can complement your health plan, providing financial breathing room if you face a major health challenge.
Long-Term Care Planning: Future Care Needs
As we age, the likelihood of needing long-term care increases. We’ll explore strategies for funding long-term care, whether through insurance or other financial planning tools, to protect your assets and ensure quality care.