Hi ,

I have had some heartfelt conversations recently with my retired clients, and one common concern keeps coming up: How can we make our retirement funds last while managing rising medical costs in Singapore?

Many shared that while their CPF savings cover daily necessities like food and transport, maintaining hospitalization coverage has become a challenge as premiums keep increasing. Letting go of their insurance isn’t an option due to the high out-of-pocket costs for medical care.

What stood out to me is the difficulty they face if they have pre-existing conditions, which prevent them from switching to more affordable insurance plans. The recent MOH announcement confirmed that Integrated Shield Plans will remain non-portable, which means this issue isn’t going away.

Hearing these stories and reflecting on my own folks’s experience made me rethink my approach to retirement planning. Beyond my savings for daily and discretionary needs, I have started building a dedicated sinking fund just to cover my insurance premiums.

I thought this might be worth sharing with you, as it’s a good reminder for all of us to think ahead about how we structure our plans for the future.

Feel free to drop me a note if you’d like to share your thoughts, reflect on similar concerns, or explore how to start preparing a sinking fund for your future needs.

I would be happy to hear from you!

Warm regards,

Zest

Best regards,

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