Medical inflation at 14% means that the cost of health insurance cover will double in approximately 5 years, based on the rule of 72. Therefore, an individual should consider doubling their current health insurance coverage to remain adequately insured in five years.
"the medical inflation is at 14% .Now how can we make use of this figure to calculate the ideal amount of health insurance cover that I should have let us say 5 years from now and for that comes in handy a rule of 72. Now rule of 72 says that if I divide 72 by the rate then I get to know within how many years does the amount double."
