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Tag Archives for " Medisave "

Increase in Medisave Required Amount

From 1st January 2011, the Medisave Required Amount (MRA) will be raised from the current $22,500 to $27,500. The MRA is the minimum amount you are required to have in your Medisave before you are allowed to withdraw the rest of your OA or SA CPF savings (in excess of the Minimum Sum) when you […]

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Case Study of an Unplanned Hospitalisation Financial Disaster

Patrick (not his real name) suffered some discomfort late at night. As the normal clinics were already closed, he went by himself to a private hospital to seek consultation. While waiting for the test results, Patrick collapsed and went into a coma. His condition worsened and he ended up having multiple organ failure. Four specialists […]

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Healthcare Financing and Practical Tips on Health Insurance

Are you unsure about what Medisave, Medishield, Medifund or Eldershield is, and what coverage it provides for you? Are you unclear of what to look out for when buying a health insurance policy? If any of the above applies to you, this seminar might be worth attending. In conjunction with the Ministry of Health (MOH) […]

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Extension of Use of Medisave

Medisave is a national medical savings scheme introduced in April 1984 whereby part of our income is put into Medisave Accounts for the main purpose of meeting the future hospitalization needs of our own or our immediate family. Under the scheme, every employee contributes 6.5-9% (depending on age group) of his monthly salary to a […]

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Medisave Contribution to Increase

Health Minister Khaw Boon Wan gave a hint of what is to come when he mentioned that more needs to be done to better serve Singapore’s aging population. This includes: increasing the Medisave contribution rate from the current 6-9.5% enhancing payouts for Eldershield to $800/month from the current $400/month (this will also mean increasing the […]

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