Anonymous

21 Dec 2020

∙

Is there a need to hit BHS? Like how far can it be used since there are annual limit to be used for medical expense?

I am wondering if I should top up Medisave to hit BHS. It seems that there are quite a number of limits to what it can be used and how much it can be used annually. Does it make sense then to hit BHS?

What will happen to the amount remaining if one passed away?

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Wrong Sean

21 Dec 2020

If the MA has reached BHS, contributions that were supposed to go to the MA will flow to the SA. If the SA is already at FRS, then it will flow to OA. So there is the waterfall effect.

My view is that I build up savings that can be used for my medical bills when I need and also to build up my retirement savings. Which is automatically done by CPF.

With regards to your question, the link below should explain.

https://www.cpf.gov.sg/members/FAQ/schemes/othe...

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