Chitchat Medisave ceiling 49800

[SNTCK]

Anybody hit the ceiling Liao ?

But now I think really not enough.

 

[chootchiew]

Yes not enough, I want to top up , can or not ?

 

[kkbutterfly]

actually enough.but every year got deduction for gov and private insurer so slowly deplete away

 

[JohnTan]

Anybody hit the ceiling Liao ?

But now I think really not enough.

I hit that ceiling in about year 9 of working. The interest I collect from my MA can pay for whatever medishield life premiums.

 

[SNTCK]

So far my medical fee for 8 days estimated 3800
Then the fuck MediShield life only cover 130 .
The premium I paid is more than the insurance claim.

 

[johnny333]

So far my medical fee for 8 days estimated 3800
Then the fuck MediShield life only cover 130 .
The premium I paid is more than the insurance claim.

Did you really think that Medishield was implemented to help Sporeans

Many suspect that it was started to drain people's CPF because there is not enough $ to pay those who reach 55. Now that the withdrawal age has been shifted to 65 & other changes, they can steal more of the people's CPF.

 

[SNTCK]

Did you really think that Medishield was implemented to help Sporeans

Many suspect that it was started to drain people's CPF because there is not enough $ to pay those who reach 55. Now that the withdrawal age has been shifted to 65 & other changes, they can steal more of the people's CPF.

Another way to suck blood lah

 

[lifeafter41]

So far my medical fee for 8 days estimated 3800
Then the fuck MediShield life only cover 130 .
The premium I paid is more than the insurance claim.

I am surprised if medishield life covered only 130.
The reason for medishield and whatever medical insurance is to enable the patient be covered for catastrophic illness, i.e. In your case, perhaps will need to wait till the final bill comes in to assess.

 

[garlic]

Anybody hit the ceiling Liao ?

But now I think really not enough.

Will hit it by next june.. what happens after hitting it? no need to contribute to MA anymore?

 

[Bangali]

Will hit it by next june.. what happens after hitting it? no need to contribute to MA anymore?

No need to worry, there would be another higher ceiling for you to hit soon.

 

[garlic]

Will hit it by next june.. what happens after hitting it? no need to contribute to MA anymore?

"From 1 January 2016, there will only be one Medisave-related amount you need to be concerned about – the Basic Healthcare Sum. This amount is $49,800 in 2016, and will increase each year in response to Medisave use.

So basically, if you have less than the Basic Healthcare Sum, don’t worry. You will no longer be expected to top it up from your Ordinary and Special Accounts when you turn 55.

If you already have the maximum Basic Healthcare Sum in your Medisave Account, nothing has changed. As before, excess Medisave contributions will be transferred to your Special Account (if you’re below 55) or your Retirement Account (if you’re above 55)."

All will go to SA... all within the CPF "loop" :p