Rising Medical Costs and Caregiving: What You Need to Know [Chills 244, Sponsored by OCBC]

Written by The Financial Coconut | Nov 27, 2025 2:23:39 AM

 

Tackle some of the toughest challenges faced by caregivers and those planning for an uncertain future. From navigating the emotional weight of caring for loved ones, to the complexities of healthcare systems and managing financial stability, this discussion goes beyond the surface. 🎙️ Guests in the Spotlight:

  • Dr Chong Poh Heng, MD, HCA Hospice ─ a leading figure in palliative care, brings a wealth of knowledge on the intricacies of end-of-life care, and the delicate balance of family dynamics during these times.
  • Bertha Henson, Independent journalist ─ author and full-time caregiver, opens up about her personal journey caring for her mother with Parkinson’s, shedding light on the daily emotional and financial realities of caregiving.
  • Timothy Liew, Head of Investments,OCBC ─ shares his expertise on how to plan financially for caregiving, the importance of insurance, and investment strategies to ensure your family's financial security amidst growing healthcare costs.

You’ll Hear:

  • The emotional weight of caregiving, from burnout to breakthrough moments.
  • Smart financial strategies for tackling the financial strain of healthcare, from insurance to investments, and how to avoid the traps that drain your savings.
  • A critical look at Singapore's healthcare system, uncovering the gaps, the resources available, and what caregivers really need to know.
  • Insights on what the future holds for our aging population, and why we all need to start thinking about it now.

This is a raw, no-fluff conversation about the realities we’re all facing.

Tune in for the facts, the struggles, and the action steps you can take today.

 

What We Discuss:

  • 02:17 - What are the main functions of the Singapore Hospice Council?
  • 02:58 - What are some of the key needs of caregiving families?
  • 03:48 - What’s the process of caregiving been like from your perspective?
  • 05:00 - How should new caregivers approach their role based on your experience?
  • 21:35 - How should we approach rising medical costs in our financial planning?
  • 31:48 - Millennials have more caregiving choices than ever, where do you start?
  • 34:35 - Is it realistic to expect investments to outpace medical inflation?
Q&A Section
  • 36:12 - What do you think about having an Advanced Medical Directive for yourself or for loved ones?
  • 38:05 - What’s the state of nursing homes in Singapore, especially for singles?

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