Tag Archives: MEDISAVE

Mr Tan, a 68-year-old retiree, wrote to SDP’s Bryan Lim Boon Heng last week about not being able to use his Medisave for a simple tooth filling procedure. CHAS subsidized $35 but he still had to pay $72 out of pocket. “For a tooth cavity repair, I am not allowed …

Like most insurance schemes, the collected ElderShield premiums will not be sitting idly. The premiums will be invested until the need arise for it to be used as monthly payouts should a claims be made. Leong Sze Hian therefore asked if the $3.3 billion figure included the accumulated interest on the investment returns from the excess premiums to claims? As these figures were not made transparent to the public, Leong Sze Hian guessed if the accumulated surpluses will be about $4 billion?

Our reader went for a diabetes checkup following PM Lee's rally only to find that he had to pay extra even though he wanted the hospital to charge it to his Medisave account. When asked for a reason, the hospital staff simply said "I don't know". What kind of service is this?

A netizen has shared a disappointing experience he and his family had with the Central Provident Fund (CPF) and business regulatory authority ACRA over his mother's foodshop business and her Medisave contributions.

I’m writing to question and hopefully clarify the purpose of the Medisave scheme. Both me and my wife are self -employed and are required by law to contribute almost $5,000 each to our Medisave accounts annually in cash. Just how does Medisave help us? We found out the hard way that the Medisave scheme is causing us more financial burden instead of helping us. cpf

I feel that The people are forced to loan the ruling party an amount of 162k(minimum sum )plus 48ish k( medisave) for a period of 35 years. The ruling party calculated that we will live till 90 years old.. hence , 35 years.. Because we are supposed to get it back by 55 but they will not return you until you are 65 ( 67 soon) in installments

My 76 years old father got a heart attacked last year (not because of the bill though). At the same time, he was diagnosed to have suffering with both kidneys failure.

As for the financials, I have to say we were surprised when the nurse who counselled us on such matters told us the cost of the bypass surgery, and how much we are expected to pay. The final bill is expected to be in the ballpark of $5,000, give or take. This is after an up to 80% government subsidy. Factor in Medishield Life (please contribute to your Medisave!), and personal insurance, and we end up paying very little (if any) by way of cash payments. So, whatever you may say, I do appreciate that govt subsidy and Medishield Life are important and helpful.

I had a very close relative who had to go and see a doctor quite immediately owing to a sickness. Then upon arrival at the doctor she was advised to go for several scans and then being diagnose with Cancer. Imagine, when asked if CPF Medisave could be used we were told that only $300 for one scan scan was allowed and another $400. Despite having an insurance being taken up we were in total disarray as Insurance here again don't cover Scans etc. as i was told and we had to resort to borrowing credit cards to settle all the scans totalling $7000.

I've been suffering from Diabetes Type 2 since 2006. Lately, my follow-up is with Sengkang Polyclinic every quarterly. Due to high costs I have on a number of occasions skipped my medical review. On 10 July I went for my review at Sengkang Polyclinic and was told that I need to go for follow-up treatment with National Eye Centre as I revealed to them that in February and July 2014 I underwent surgeries on both my eyes for cataract and glaucoma but after the post surgery compulsory checks I stopped going as each visit sets me back by between $ 70-100/- and I can't afford it as I'm earning below $ 2000/- after CPF deduction is around $ 1600/-. I requested the Nurse to discharge me knowing fully well the risk of being blind again but do I have any other choice ?