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Ultimate guide to MediSave: What can I use it for and how much can I withdraw?

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As we grow older, the need for medical care increases significantly. Most of us are aware of how much healthcare costs can add up, and the last thing we would wish to do is to dip into our life savings when medical emergencies were to happen. To prevent this, the Government ensures that all Singaporeans have sufficient savings for future...

The BHS is the maximum amount that one can have in his/her MediSave account.

For CPF members who have met the Full Retirement Sum , any excess savings will be transferred to the Ordinary Account .You can use your MediSave savings for yourself or your approved dependants.They can be of any nationality except for your grandparents, who must be Singapore Citizens or Permanent Residents to enjoy the Medisave benefits.Our MediSave savings can be used for medical care and hospitalisation expenses.

 

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