Living to 100 is no longer a rare occurrence, with advancements in healthcare and better living conditions helping more people reach this milestone. While a long life is a blessing, it also comes with financial concerns, particularly when it comes to medical expenses. As healthcare costs continue to rise, having health insurance that lasts a lifetime can make a significant difference in ensuring financial stability and access to quality medical care.

The Benefits of Starting Early

One of the best ways to stay covered until the age of 100 is to start a health insurance policy early. Many insurance providers offer policies with guaranteed renewal, meaning that once you sign up and continue paying your premiums, your coverage will remain in place—even up to the age of 100. However, waiting too long to get insured can be risky. As you age, the chances of developing medical conditions increase, making it harder to qualify for new policies. Some insurers may even impose exclusions on pre-existing conditions or charge significantly higher premiums for older applicants. By securing a policy at a younger age, you not only lock in lower rates but also ensure continued coverage throughout your lifetime.

"I used to think I was too young to worry about insurance. But when I got hospitalised out of nowhere, I realised — health problems don’t wait for the ‘right age’. I'm just thankful I started early, or I’d be paying off bills instead of recovering" - SOMPO HealthPlus Policyholder

Managing Rising Medical Costs in Old Age

Medical expenses tend to increase as a person ages, making long-term health insurance a crucial financial safety net. Elderly individuals are more likely to require hospitalisation, surgeries, and long-term treatments for chronic conditions. Without insurance, these costs can quickly add up and place a heavy burden on savings and retirement funds. 

By having a policy that extends to 100 years old, you can ease the financial strain and focus on enjoying your golden years with peace of mind.

Access to Quality Healthcare

Another advantage of maintaining health insurance coverage into old age is access to better healthcare facilities. Elderly individuals are more likely to require hospitalisation, surgeries, and long-term treatments for chronic conditions. 

"Seeing my mom get treated quickly at a private hospital – no waiting, no stress – was such a relief. At his age, every minute counts. We used to queue half a day at public hospitals. Now, with insurance, he gets the attention he truly deserves" - Berjaya Sompo Insurance Policyholders

Without insurance, these costs can quickly add up and place a heavy burden on savings and retirement funds. By having a policy that extends to 100 years old, you can ease the financial strain and focus on enjoying your golden years with peace of mind.

Planning for a Secure Future

Planning for long-term healthcare should be a priority for anyone who wants to enjoy financial security well into old age. Starting an insurance policy early, choosing one with guaranteed renewal, and ensuring it offers comprehensive coverage can make a world of difference in how you experience life at 100. After all, reaching a century should be a time to celebrate—not a time to worry about medical bills.