Priorities change at each stage of our lives and we often have to deal with the costs that occur with limited resources at hand. The needs of modern women are vastly different from the previous generations as our lifestyles continue to change.

This is especially true when we are juggling between a variety of commitments between family, career and well-being as an individual. Dealing with pressures from all areas of life, many of us are likely to consider having a child at a later age, face unforeseeable life changes like divorce and death, and may have a need to take active steps to ensure that our mental health is in shape to mitigate the constant social pressure to excel.

5 Milestones That Impact Your Healthcare Decisions And Coverage

As a consequence of managing countless commitments, there is a need to take a more conscientious approach to caring for our health.

More available options to meet the needs of the modern women

Constant Stress May Complicate Our Health

A study conducted by the Institute of Mental Health Singapore in 2010 shows that Anxiety Disorders including Generalised Anxiety Disorder (GAD) and Obsessive- Compulsive Disorder (OCD) are occurring more frequently among people.

It is inevitable that the high level of stress we face may result in a decline in our mental health. Some of the major causes of mental illnesses are frequently linked with emotional stress, exhaustion or traumatic events that take place daily.

Apart from mental illnesses, we can observe that many modern-day women are prone to physical illnesses that may be a result of stresses in their lives.  It was found that chronic physical illnesses are associated with this depression as about half (49.2%) of people with Major Depressive Disorder (MDD) have at least one chronic physical illness. Thus, we should be more aware of our health conditions and the possible solutions to minimise our risks.

The Demand for Women’s Healthcare Is Changing

Breast cancer cases have increased exponentially in the last few decades for women.  Based on the trends in cancer incidence by the Singapore Cancer Registry, the number of breast cancer cases has overtaken other forms of diagnosed cancers among the female patients by 40.9% per 100,000 from 1975 to 2014.  In fact,  a total of 9,274 women discovered that they have breast cancer between the year 2010 to 2014. (“More people getting cancer since 2010”, The Straits Times, 19 March 2016)

Treatments have also advanced to keep up with healthcare needs. Women in Singapore are now able to consider a range of latest treatments including egg freezing (oocyte cryopreservation) and molecular gene expression profiling test.

For example, a woman can opt for egg freezing in the event that she has been diagnosed with cancer. She can complete this procedure before she starts her chemotherapy or radiotherapy treatment. With this, she is confident that she can have a child in future. In addition, molecular gene expression profiling allows her to receive tailored treatments to her specific illness and minimise any possible recurrence after the treatment.

More available options to meet the needs of the modern women

How can we better plan for our healthcare?

In light of unexpected health issues, one way we can prepare for these healthcare expenses is financial planning. A simple way to begin our financial plan is to consider our short-term and long-term financial goals. Insurance provides a certain amount of financial resources when you need it the most. Hence, we should include it in our long-term goals. Similarly, most people rely on comprehensive protection plans to receive the best healthcare support for their illness.

Healthcare Needs By Age – Analysis Decades By Decades

Nowadays, protection plans are progressively providing better healthcare coverage for different demographics. Hence, it is important to select a protection plan that can meet our changing needs over time. Taking the lead in women’s protection plans, Income’s Lady 360 can help us to manage unforeseen circumstances in life.

Our needs are constantly changing with our age, lifestyle and environment. Hence, a good financial plan is crucial for any modern woman to safeguard her assets and protect her loved ones.  

DIY Financial Planning – Get Your Finances In Order

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Chu Yuan (Joanne) Ng is passionate about gender rights and female empowerment.
Joanne graduated from New York University with a Masters of Science in Media, Culture and Communication. Her area of focus was on media perception of women and she had presented her findings in several conferences. Additionally, she has also founded and presided over the Media, Culture and Communication MA Student Association for her department.
Joanne has a strong focus in Communications and Corporate Education. Previously, she has worked in UBS AG as a L&D specialist as well as volunteered her time with several women organizations in Singapore. Her last position as a Digital Marketing Analyst in New York City, USA has provided her with the skill set that enables her to become part of TNS team.
In her free time, Joanne enjoys learning and travelling, making a point to expand her horizons at least once each year. She also enjoys food tasting and community services.

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