Financial Wellness for Diabetics
Diabetes is an expensive and silent disease costing Singapore over S$1 billion a year to manage1. Treatment costs for working-age people suffering from diabetes could increase to over S$10,000 a year2 in 2050, according to a National University of Singapore study. For patients and their families, the disease can also take a great emotional toll. Elevated blood glucose levels can damage nerve endings and blood vessels, leading to complications that can range from kidney failure to blindness, heart attack, and stroke. Diabetic patients often face a big challenge getting insurance protection because of the complexities of the disease. Some have repeated bad experiences with insurance products that do not adequately cover their needs while others have a hard time getting enough coverage because diabetics, up until recently, have been somewhat considered “uninsurable”. source