Financial safety shakes as medical costs increase
Health is the foundation for enjoying life to the fullest, but the cost of protecting it is getting more and more expensive. According to the World Health trend report 2025 by WTW (Willis Towers Watson), medical costs in Vietnam are expected to increase by 11.2% in 2025, higher than the global average of 10.4%. In fact, in Vietnam, many medical services are also expected to increase in price. From 1-7-2023, the price of medical examination and treatment services will be adjusted according to the basic salary (the basic salary will increase from 1.49 million to 1.8 million VND/month).
Circular No. 22/2023/TT-BYT of the Ministry of Health, effective from November 2023, regulates the price of health insurance (HI) medical examination and treatment services, with more than 1,900 categories of medical examination and consultation services adjusted to increase prices. In particular, hospital bed services increased by about 10 - 14%... with services increasing prices by 10% (such as ultrasound).
The silent worry between health and finances[4]
The problem that many people worry about is that treatment does not require a few days to recover but requires a long time. Meanwhile, health insurance cannot cover all expenses, especially if using drugs or services that are not covered by health insurance; along with daily living expenses.
Ms. T.P (40 years old, Ho Chi Minh City) said: "My husband and I have planned to buy a house without having to live in a cramped rented house. But unfortunately, last year I had a herniated disc, went to buy medicine for a year and then had surgery. The total cost was nearly 300 million VND. With no other insurance besides health insurance, I had to use my savings. Therefore, the plan to buy a house was forced to stop, giving way to medicine, hospital fees and living expenses".
Insurance provisions to proactively respond to risks
When faced with health risks, medical costs can become a "squeeze" that disrupts future plans and creates a financial burden. Therefore, in addition to participating in health insurance, many people proactively equip themselves with life insurance (BHNT) as a solid financial backup solution, to feel secure that even though they are in need of care, their families are still protected.
Sharing about this context, Mr. Luong The Vinh, Product Director of Prudential Vietnam, said: With the spirit of Peace of Mind - being assured when Tam is at peace, Prudential hopes that everyone can feel secure in the future because they are comprehensively protected both financially and emotionally. We constantly create quality and practical insurance solutions such as room-Most Protection, joint insurance with high protection, flexible benefits and many bonuses to support long-term financial accumulation. Users can add side effects to expand the scope of protection for themselves and their families to feel more secure, no matter what happens, there is always a plan to be ready to respond!
