HI CPF Health Schemes

Question 1

What is the CPF Medisave contribution rate for employees aged 35 and below?

Accepted Answer

9% of monthly wages (employee plus employer total Medisave contribution)

Answer

For employees aged 35 and below, the total Medisave contribution (employee plus employer portions combined) is 9% of monthly wages, subject to the Ordinary Wage ceiling and Annual Wage ceiling.

Question 2

What is the 'Medisave Basic Healthcare Sum' (BHS)?

Accepted Answer

The maximum balance that can accumulate in Medisave, beyond which excess contributions are transferred to other CPF accounts

Answer

The Basic Healthcare Sum (BHS) is the cap on the Medisave account balance. Once reached, further contributions that would push the balance above BHS are redirected to the Special Account (and Ordinary Account for older members).

Question 3

What medical expenses can Medisave NOT be used for in Singapore?

Accepted Answer

Cosmetic procedures and general outpatient GP visits for non-approved conditions

Answer

Medisave cannot be used for cosmetic procedures, routine general outpatient GP visits for non-chronic conditions, or other non-approved expenses. It is reserved for hospitalisation, approved outpatient chronic disease management, and approved insurance premiums.

Question 4

What is the 'Medisave top-up' scheme for Pioneer and Merdeka Generation members?

Accepted Answer

Annual government top-ups to the Medisave accounts of eligible Pioneer and Merdeka Generation Singaporeans to help them meet healthcare costs

Answer

The Singapore government provides annual Medisave top-ups to eligible Pioneer Generation (PG) and Merdeka Generation (MG) members as part of their respective packages, helping these seniors manage their healthcare financing needs.

Question 5

How can Medisave be used for family members in Singapore?

Accepted Answer

Medisave can be used for immediate family members (spouse, children, parents, grandparents, siblings) for approved medical expenses

Answer

Medisave can be used for the account holder's own expenses and for those of immediate family members — spouse, children, parents, grandparents, and siblings — for approved medical expenses, broadening the utility of the savings.

HI Health Insurance Practice Test

HI Health Insurance Practice Test

HI CPF Health Schemes