Tuesday, June 13, 2017

Medical charges increase by 15% a year

My friend, who is 78 years old, received an email from a Great Eastern Life agent telling him that the annual increase in medical cost is 15% (and recommending the coverage provided by his company), My friend asked for my comments about the inflation rate.

Here is my reply

1 comment:

Spur said...

The problem with private Shield plans is that the premiums will also rise by 15% a year, or even higher.

So you have to consider:
1. Whether you can still afford it at 70+ or 80++ yrs old?

2. Whether you die-die must have private hospital, private specialist?

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