Medical costs can skyrocket as parents age. While many rely on government programs like Medicare (in the US) or employer-sponsored plans, these often have gaps.
Caring for the Caregivers: A Guide to Buying Insurance for Your Parents buy insurance for parents
: Be wary of "room rent traps" or disease caps. According to Assure Fintech , a policy with a high headline sum can sometimes only cover about 40-50% of actual costs in the first year due to waiting periods and exclusions. Medical costs can skyrocket as parents age