With medical inflation soaring to 9.5%, your health and financial future are at a critical crossroads. In this eye-opening episode, we unpack the real impact of rising healthcare costs and reveal why taking charge of your health now can save you from major expenses—and stress—later on. Explore the latest in medical advancements, the crucial role of early health screenings, and how the right insurance coverage can be your best defense against unexpected medical bills. Plus, learn how to weave proactive health management into your financial planning strategy, ensuring you're not just living longer, but living well. More insights from Manulife Asia Care Survey - https://go.manulife.sg/TFC2yt Whether you're gearing up for retirement or simply aiming to stay one step ahead, this episode is filled with actionable insights to help you navigate the complexities of healthcare and financial planning in today's world. Don't miss out on this essential guide to securing both your health and wealth! 00:00 - Introduction 03:28 - With medical inflation at 9.5%, how is this affecting retirement plans, and what’s driving these rising costs? 09:58 - As a working professional with regular health screenings, how does early detection of health issues affect my quality of life and survival chances? 11:56 - In terms of public medical infrastructure, what percentage of resources or support can our audience rely on for their comfort and reassurance? 13:40 - Given the ongoing issue of medical inflation, what strategies can individuals employ to effectively manage their healthcare costs and ensure financial stability? 17:00 - How should individuals evaluate their insurance needs based on care options, budget, and anticipated needs? 21:31 - Does having favorable biomarkers lead to lower insurance premiums? 24:12 - Based on the Manulife Asia Care Survey, people in Singapore managing their healthcare differently, how could they improve their approach? 29:42 - In the realm of financial planning, what are some foundational principles that everyone should consider to ensure a solid and sustainable financial strategy? --- Welcome to The Financial Coconut, your source for empowering financial knowledge and unlocking possibilities. Join us as we explore personal finance, investing and more. Get ready to take control of your financial future and live your best life, financially wise: https://linkin.bio/thefinancialcoconut [Podcast, Vodcast] Spotify: https://rebrand.ly/TFC-spotify Apple Podcast: https://rebrand.ly/TFC-applepodcast YouTube: https://rebrand.ly/TFC-youtube [Connect with us] Instagram: https://rebrand.ly/TFC-instagram Tik Tok: https://rebrand.ly/TFC-tiktok Telegram: https://rebrand.ly/TFC-telegram Whatsapp: https://rebrand.ly/TFC-Whatsapp-channel Newsletter: https://rebrand.ly/TFC-Newsletter Disclaimer: The content discussed in this episode is intended for educational purposes only and should not be considered as financial advice. The information provided is based on our understanding at the time of recording and may not reflect the current regulations or market conditions. The opinions expressed by guests are their own and do not necessarily represent those of The Financial Coconut. Please do your due diligence before making any investment or financial decisions. Hosted on Acast. See acast.com/privacy for more information.