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.
If you've been doom scrolling the news lately, you might have noticed that the CPF Basic Healthcare Sum has been raised to $66,000 to 2022. Of all the CPF thing amajigs we're supposed to understand, the Basic Healthcare Sum is one of the least known and, frankly, the least cared about. But it's really not that complicated, and knowing how.