uncle had sponsored my trip to Canada back in the 70s, and that
was when I met Santa for the first time. He was in front of his
house in a snowy village in Eaton Centre, old and overweight. His
longevity is surely the work of medicine. But who pays for that
old age, the trips to the doctor are frequent and expensive, and
health insurance coverage stops when you stop working. Our social
insurance scheme doesnt cover us in retirement. So how do
you pay your health bills?
nieces told me they left out cookies and milk for Santa, and Santa
left them a Thank You note and toys. But Santa bought
a gym pack and is working on his health. I take comfort in the fact
that hes still actively at work and maybe still has health
those of us who must retire, when our employer-sponsored health
plan comes to an end, we may still have recourse to a reduced package
and/or individual health insurance.
health insurance will run up to the age of 70 years typically. The
best individual health plans also carry a fund value. This is cash
that accumulates on the policy and that can be withdrawn form the
best withdrawal features are essentially withdrawals, and not loans
on the cash surrender value of the policy. This allows the policy
to continue in force after age 70, and allows the insured to withdraw
money when his health coverage ends. This money does not have to
longer the duration of the policy the more money there will be to
withdraw to pay your health bills. Its a virtual win-win situation.
coverage is only expensive when you get past age 45, prior to that
it is relatively inexpensive. So the best time to buy individual
health insurance is when you start you first job.
someone in their early 20s, $250 a month can get you critical illness
coverage of some $300,000 as well as accumulate more than half a
million dollars by age 60.
is a difference between critical illness insurance and individual
health insurance. Critical illness insurance covers only major medical
conditions. It will cover trips to the doctor neither for cough
and flu, belly ache, nor surgery such as hernia repair, or appendicitis.
it will cover heart attack, stroke, coma, blindness, kidney failure,
and about ten more major diseases.
will not cover diabetes or high blood pressure. In certain circles,
these are now being labelled as lifestyle diseases. Since it has
been proven that serious adjustment to lifestyle can reduce the
incidence of those two conditions, or even prevent their occurrence.
and exercise are two critical elements in lifestyle adjustments.
are a good snack, but house after house, feasting on cookies and
milk all night long cannot be good for Santas lifestyle adjustments.
has the record for longevity I think, but now hes investing
in his own health.
next Christmas we can consider leaving Santa celery sticks, and
ginger beer, with a pinch of brown sugar. Or is his good health
based on all that fresh air that he breathes as he soars through