Skyrocketing health care costs....

 (The author is the Founder and CEO of Money Avenues, a Wealth Management firm based in Chennai. Feedback can be sent to mailfpc@ yahoo.com)

  Sky rocketing health care costs.... 

Health care costs in India are rocketing... This is compounded by several factors:

# Innovations in medical science:

Medical science is innovating by the day and such innovations take care of the diseases which were once tough to crack. But such innovations come @ a huge cost.


Innovations in medical technologies: 

Medical technologies have undergone massive transformation in the last several years which has made diagnosis and cure even more accurate. But such technologies come @ a huge cost.




# Drastic changes in life styles:

Our life styles have changed in many ways. Our work, our eating habits, day to day living has made us prone to health risks. And they come @ a huge costs.

What must one do to tackle this?

# Your organization is kind enough to provide health cover to you and to your family. But don't be dependent only on your organization's health cover. During the times of job shifts and transitions, one will be left with no health cover. And during times of extreme distress, the cover may also be insufficient. And @ a later stage if one wants to take one, becomes very cumbersome due to age factors.

# Provide love, affection and liberal health cover for your dependent elders particularly your parents and if they are senior citizens, all the more crucial. There are health policies which take care of the senior citizens.


A glimpse of the future health care costs..........


If one were to spend Rs 3 lac now towards hospitalization,  can you imagine what could the cost after 20 years?

Approx Rs 49 Lacs

It may not cost you more to take a health insurance now... Go ahead and ensure your family's health care.

'Sarve Janah Sukhino Bhavanthu'

 (The author is the Founder and CEO of Money Avenues, a Wealth Management firm based in Chennai. Feedback can be sent to mailfpc@ yahoo.com)

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