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They sound the same, but their medical benefits aren’t. Wonder no more with these six key differences between Medisave and Medishield Life.
Despite the extensive coverage regularly given to government policies, I was still surprised to learn so many new things when doing my research for a recently posted article on MediShield Life. In today’s related article, we’ll be taking a.
$49,800
Since 2016, the Basic Healthcare Sum has been rising by four+per cent to five per cent every year.
From here, you can extrapolate what your BHS might be when you reach age 65. But that’s really only a guess. BHS might increase more sharply than 5per cent in response to medical inflation.
3. Should we try to hit the Basic Healthcare Sum?
You are free to top up your MediSave Account up to the BHS if you wish.
Making MediSave top-ups will let you enjoy MediSave interest rates, which are currently a pretty attractive, almost risk-free four per cent. You also get to enjoy tax relief for making voluntary MediSave top-ups.
Singapore News - The Ministry of Health (MOH) will look into the possibility of making Integrated Shield Plan (IP) insurance fully portable, though this could result in significantly higher premiums, said Senior Minister of State for Health Koh Poh Koon in Parliament yesterday. He said MOH. Read more at www.tnp.sg