Some updates on the upcoming changes to Medisave and CPF Minimum Sum wef 1st July 2009.
CPF Minimum Sum
The CPF Minimum sum will be raised from $106k to $117k from 1st July 2009.
Medisave Minimum Sum
1) The Medisave Minimum sum (MMS) will be increased to $32k from $29.5k from 1st July 2009 in view of higher hospitalisation bills. Members can withdraw Medisave savings in excess of the MMS at age 55.
2) The maximum amount possible in Medisave will be increased to $37k. Any surplus will go into the SA if you are below age 55 or to your Retirement Account if you are above age 55 and have a Minimum Sum shortfall.
Medisave Withdrawal Limits for Surgical Treatment
Previously, the Medisave withdrawal limits for surgical operations were $150 for Table 1A to $5,000 for Table 7C.
Under the revised (increased) withdrawal limits that has taken effect from 1st June 2009:, patients can withdraw between S$250 and S$7,550 for surgical operations.
For more info, you may refer to below:
http://mycpf.cpf.gov.sg/CPF/News/News-Release/N_1June2009.htm
Thanks Adrian!
Subscribe to:
Comment Feed (RSS)
|