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Medishield Changes
Last Friday, MOH announced the confirmation of Medishield “enhancements” that they had proposed in a public consultation on Medishield changes in July 2012. The changes will take place from March 2013. Broadly, these are the changes: The Good a) Increase the coverage age from 85 to 90 years to ensure that our elderly remain insured as they live […]
Of Medishield Changes and Public Consultation
I read with mixed feelings about the proposed changes to Medishield that were announced by MOH a couple of weeks ago. While some of the changes are positive, there will be a hefty increase in premiums. Coupled with an increase in deductibles, it means that while you will be paying more in premiums, you will […]
CPF Healthcare Quiz Promotion
Test yourself and find out how much you know about Medisave and Medishield. Take part in the CPF Healthcare Quiz promotion between 30 July 2012 to 12 August 2012 and you could stand a chance to win $50 or $100 Capitaland shopping vouchers. Start Date : 30 Jul 2012 End Date : 12 Aug 2012 […]
CPF Minimum Sum to be Increased
CPF members who turn 55 between 1 July 2012 and 30 June 2013 will need to set aside a Minimum Sum (MS) of $139,000. This works out to be a 6.1% increase from the previous Minimum Sum of $131,000. The MS has been adjusted over the years to account for inflation, longer life expectancies and […]
Singapore Budget 2012
Singapore Budget 2011 was announced by Finance Minister Tharman Shanmugaratnam last Friday. The full Singapore Budget 2012 can be downloaded here. Apart from the changes affecting companies, what would be some of the changes or initiatives what would affect individual Singaporeans either directly or indirectly? Here’s a quick summary of some of them: An acknowledgement that […]