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This is not a ground-breaking paper but more a call to action to actuaries to address the problem of financing medical expenses insurance plan premiums payable at the higher ages. The paper tries to raise awareness of the enormity of the issue and proposes a possible solution for insured residents for managing this problem, which is pre-funding. Others may come up with different solutions. Even with pre-funding, insured residents may not be able to cope with the premiums required for insurance at the very high ages, 90 years and above. This paper proposes some ideas to mitigate this particular problem.
SPEAKER
Chi Cheng Hock FFA & FSAS
Council Member and Past President, Secretary and Health Committee Chair
Cheng Hock has been a member of the SAS since 1986 and has served on the Executive Committee and later Council, principally as Secretary, a post which he held for many years. He chaired the Health Committee also for a number of years and co-ordinated the SAS response to the MediShield review in 2016. He served for more than 5 years on the CPF Board-appointed Insurance Schemes Committee which oversees the national insurance schemes, including the MediShield Life Scheme.
FEES
- Complimentary to members
- $30 for non-members
ADDITIONAL DETAILS
- Zoom dial-in link will be shared 1 day before the session.
Registration closing on Tuesday 5 Nov 2024, 12pm .