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Tag Archives for " Medisave "

Increase in CPF Minimum Sum, Medisave Minimum Sum and Medisave Contribution Ceiling 2014

The CPF Minimum Sum has been increasing for each group of members turning 55 yearly, to reach a target of $120,000 (in 2003 dollars) by 2015. In order to maintain its real value over time, the Minimum Sum increases to account for inflation. CPF members who turn 55 between 1 July 2014 and 30 June […]


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Increase in Medisave Withdrawal Limits for Insurance Premiums

The Medisave withdrawal limits that can be used for the paying of  the premiums for Medishield or the private Medishield integrated plans will be raised for the elderly (age 66 and above) starting from 1 November 2013. The new limits are as follows: From $800 to $1,000 for those aged 66 to 75 (based on […]


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Enhancement of Community Health Assist Scheme & Medisave Usage

MOH has announced more details on the initiatives on healthcare affordability which were first announced by PM Lee Hsien Loong in his National Day Rally last weekend. The key changes will be an enhancement to CHAS, as well as an extension of the use of Medisave. All the changes take effect from 1st January 2014. There are […]


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Suggestions for a Better Singapore Healthcare System

The Government Parliamentary Committee (GPC) for Health has made several suggestions to the government to revamp our existing healthcare system. The suggestions cover the use of Medisave, Medishield and the amount of subsidies that we get. The announcement of the suggestions is a way for the government to test out the ground reaction to the […]


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Increase in CPF Minimum Sum, Medisave Minimum Sum and Medisave Contribution Ceiling from 1 July 2013

CPF members who turn 55 between 1 July 2013 and 30 June 2014 will need to set aside a higher Minimum Sum (MS) of $148,000 in their Retirement Account (RA). The MS for 2012 was $139,000. The CPF Minimum Sum actually stood at $80,000 in Jun 2004. The original plan was to increase it to […]


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