Health Insurance Why pay $1 when you can just pay $0.20 cents ? It’s about economy of scale. When you sign up for healthcare coverage, you join a group of other people to combine your healthcare purchasing power. Your insurer covers the whole group, rather than individuals, so everyone shares the cost of staying healthy.
Blog Archives
Taking the right dose of health insurance
By: Lorna Tan Publication: Straits Times Date: Sunday, 20 July 2008 Shield plans spare you the worry of having to fork out thousands of dollars for that trip to the hospital It is often said that we lose our health making money, and then lose our money to restore our health. My take on that is: […]
S’poreans grossly under-insured: Study
Sun, Aug 23, 2009 The Straits Times By Charissa Yong THE average Singaporean now needs about $495,000 of life insurance, but is covered for only one-third of that amount — a drastic shortfall that needs urgent attention, an expert has warned. According to a new report by Nanyang Technological University (NTU) Associate Professor David Yee, […]