healthcare costs
While developing a strategy for your discretionary investments, keep in mind that your emergency funding forms a critical component of your portfolio. There is no one-size-fits-all when it comes to setting up an emergency fund, so be sure to take
According to the South African Journal of Psychiatry, the prevalence of dementia is approximately 5% to 7% of the elderly population, starting at around 1% for those aged 60. Thereafter, the prevalence doubles every 5.1 years, rising to between 30%
Choosing the right medical scheme in South Africa can be challenging due to the wide range of options available. For network medical aid plans, an adult dependant might pay between R1,100 and R3,500 per month. Mid-range plans with good hospital
Home nursing is unaffordable to most families and can cost anywhere between R8 000 and R30 000 per month depending on the level of care required – bearing in mind that dementia care is a specialist field of nursing which,
Your proximity to children, grandchildren and family, bearing in mind that if you do not intend to live close to your loved ones you will need to build travel costs into your post-retirement budget.
It is also important to determine whether the scheme’s annual contribution increases have been out of kilter with the rest of the industry. Again, look at the scheme’s contribution increases over the past three to five years. If they have
It is estimated that in the last five years of life, total healthcare spend for dementia patients is almost 60% greater than the costs associated with death from other diseases, including cancer and heart disease – although keep in mind
