Mutual Fund investment can be a solution to achieve your financial targets in the future. In fact, the profits from this investment are also very effective to be used to prepare health funds for you.
As we know, everyone needs to have health savings. Indeed, the fund requirement is relatively high. Let's find out what strategies can be implemented to prepare health funds.
Choice of Strategies for Preparing Health Funds
Actually, there are many ways you can prepare health funds. In fact, these methods can complement each other. The following are some of the most common ways to ensure adequate health funds:
- Health Insurance
The first choice is of course health insurance. However, health insurance is very important to get health facilities and care as necessary.
Quoted from the CNBC page, BPJS Kesehatan is a form of health insurance that is important to have. This government insurance aims to meet basic health care needs.
If you work in the formal sector, BPJS Health facilities are usually available for employees. However, if you work in the informal sector, you need to have BPJS Kesehatan independently.
Currently, the BPJS Kesehatan system itself has also developed better. Even hospitals and health facilities have tried to provide the best service for BPJS users.
However, if you feel that insurance to cover basic care is not enough, then you can switch to independent health insurance. There are many reliable health insurance companies nowadays.
Of course, you need to choose an insurance service that really suits your needs. Apart from that, make sure the premium value is in accordance with your capabilities as an insurance user.
- Savings
Furthermore, there are savings which can also be used to prepare health funds. On the Bisnis.com page, this savings can also be called an emergency fund allocation.
The need for health funds can be included in the category of emergency needs. So there's no harm in saving emergency funds with the aim of meeting your health care needs.
In this case you need to pay attention to the amount of money that must be saved. Adjust it to your health condition, number of family members, and what kind of health facilities you want to get.
Make sure you keep your savings funds in the proper and safe place. Apart from that, access must also be easy because it needs to be withdrawn if at any time you need the funds.
However, these savings can be quite difficult to rely on for a long time. Emergency needs are not only related to health problems. You may face various other types of emergency needs.
So it is possible that the value of your savings will decrease before it is time to use it. If it's like this then you will have difficulty meeting your health needs because savings funds have been used for other things.
- Assets
Did you know that the assets you own can also be relied on to meet your health funding needs? There is no harm in saving assets so that they can be withdrawn at any time when health costs are needed.
These types of assets are very varied and one of them you can get by investing. These investment assets can even continue to grow in value so that the value of your savings automatically increases.
This will be even more profitable if you choose the right form of investment. The type of Mutual Fund investment can be the best choice for those of you who currently want to prepare health funds for the future.
Unlike emergency fund savings, this investment doesn't just mean saving the funds you have. Furthermore, this will allocate your funds to assets that can generate higher profits.
So it can be said that your health fund savings will continue to increase over time. This is very effective in anticipating increases in health service costs in the future.
It just takes strong intention and consistency so you can start investing and saving these assets. Apart from that, you also have to be wise in managing your assets so that they can be used properly.
Choose Insurance or Investment for Health Funds?
From the explanation above, we can see that insurance and investment can be the right choice for preparing health funds. So of these two things, which one is the best and should be prioritized?
Quoted from the Manulife page, both insurance and investment are two things that are equally important. It's just that we need to have priorities because both of them are included in your financial management.
Insurance is an important thing to have and is even mandatory. Especially for the type of insurance from the government, namely BPJS Kesehatan, is currently mandatory for the public.
If you really want to have easy access to health services and facilities, then this insurance is very important. You can more easily fulfill your health needs at a much lower cost.
But on the other hand, investment is no less important. Investment can help you have assets that are useful in the future. Later, this investment can become savings for you to access health services and even to pay independent insurance premiums.
Note that in the BPJS Kesehatan insurance system there are several types of services that may not be covered. So you have to pay the rest or use independent insurance to cover this service.
In conditions like this, it will certainly feel difficult if you have to spend personal money. It might feel easier if you already have assets saved through investment.
One form of investment that can be relied upon today is Mutual Funds. Especially if you want to prepare long-term health funds.
In conclusion, both insurance and investment should be prepared in a balanced manner. With good financial management, these two things can be fulfilled for the future.
Start Investing Now with Mutual Funds
Now you can start investing in Mutual Funds to prepare health funds with DBS Treasures priority banking. There are so many benefits and conveniences that you can find if you invest here.
DBS Treasures has partnered with professional Investment Managers who are ready to optimize your investment performance. Apart from that, the SID (Single Investor Identification) registration process and transactions can also be more practical via the digibank by DBS Application.
The opportunity to be supported by curated market analysis from a team of financial experts who will communicate it. Gain the latest opportunities that have been tailored to your risk profile and portfolio needs, driven by Artificial Intelligence/Machine Learning (AI-ML).
This insight is equipped with curated solutions related to investment (Grow) and insurance (Protect), so you can quickly and confidently invest through your preferred media.
You can start preparing health funds now through Mutual Fund investment instruments with DBS Treasures. Just click here to access more complete information.
