Caring for ageing parents can strain both your heart and your wallet. Rising medical inflation, longer lifespans, and patchy public healthcare mean you need a structured plan—just like you would for your own retirement. Over 12 months, you can build a sustainable system that balances financial discipline with compassionate care.

Months 0-3: Assess needs and costs

Start by mapping current medical expenses—consultations, medicines, diagnostics, and any recurring treatments. Estimate annual costs and multiply by 1.1 to account for medical inflation. If parents have no insurance, budget for immediate premiums or a health fund. Next, list lifestyle and support needs: physiotherapy, diet plans, mobility aids, or domestic help. This phase is about data, not decisions—capture everything in one s

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