You may not need to worry about insurance of a financial nature. But many commercial health insurances are very cost-effective. They cost a few thousand yuan a year. However, this has a prerequisite: you can only buy it before any underlying conditions are diagnosed, to pass the health declaration.

The first correct thing I did in a bear market was to buy medical insurance early for my parents and myself. It gave me great confidence during those years. At that time, I didn’t have much money, and my family members were hospitalized.

Now, after 8 years, not only my parents but even my current health condition makes it difficult to buy this kind of medical insurance. Because a lung nodule was found during a physical exam, even if benign, the premium prices are different, and some policies even refuse to insure you. So, before any health issues are detected, buying insurance is the best. Only then can you maintain low renewal costs.

I don’t specifically recommend any insurance; I suggest researching medical insurance yourself. If you really don’t understand the research, just buy medical insurance through Alipay or similar platforms. The premise is that you meet the health declaration requirements for the insurance to be effective.

The only regret is that I am the policyholder for my parents’ medical insurance. If I immigrate in the future and no longer have Chinese household registration, this policy will probably become invalid. So, for those with similar plans, it’s recommended that the policyholder be your parents themselves, and you pay them a yearly fee.