facebookWould you use Medisave for hospital delivery? - Seedly

Anonymous

13 Sep 2019

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Would you use Medisave for hospital delivery?

Hi folks, for those who are proactively squirrelling money into their SA / MA to build up their retirement nest for maximum compounding effort, I'd like to ask if you would consider not using MA to pay for hospital delivery?

Say you have some spare cash, perhaps you would use a credit card to pay it off instead of using MA and let MA earn 4%. Pls share your thoughts. Thanks!

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Discussion (2)

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Loh Tat Tian

13 Sep 2019

Founder at PolicyWoke (We Buy Insurance Policies)

It depends a lot. But if you use it, and then top it up for tax relief advantages, yes it makes sense.

if not, use your credit card.

Definitely will try my best to minimize any "touching" of medisave as MA generates a nice 4% interest, and its overflow in excess of the Basic Healthcare Sum will go into that of the SA!

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