Smart planning will keep your assets safe for those you intend it for

Updated July 2 2021 - 2:38am, first published November 20 2019 - 10:05am

Last week I had the privilege of being the keynote speaker at morning teas arranged by HBF, the leading private health insurance provider in WA, for their long-term members. Long-term members are people who have been with HBF for more than 50 years. The fact that there were more than 1500 people at each event is clear evidence of the fact that people are living longer than ever before. And of course, it puts pressure on private health insurers, as the medical needs of these members grow. For example, the number of knee replacements covered by the fund has risen from nine per 10,000 members in the year 2000, to 29 per 10,000 members today. As each one costs around $21,000, just one uses up about four years of premiums for a couple.

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