Chapter 3 - Medical

Seniors in Singapore have funds in their Central Provident Fund (CPF) account accumulated from monthly deductions from their salary. Such savings are for your use when you retire at 62. Its use has been widened to allow you to buy a home, and to invest in shares and additional properties.

At 55, you can withdraw all but leave a CPF Minimum Sum of $94,000 (from 1 July 2007) and a Medisave Minimum Sum of $28,000 (from 1 July 2007). The former will release to you a monthly allowance when you hit 62, until your estimated demise at age 82, while the latter is to meet your medical bills. You may choose to reduce the CPF Minimum Sum (so that you can withdraw a larger sum at 55 for investment, like starting a business) by pledging your home.

You MUST read all the following as there is too much to be easily summarised here.

On reaching 55 , and A Guide to CPF Minimum Sum.
Understanding Medisave and Medishield , A Guide to Medisave, and A Guide to Medishield.
A Guide to Eldershield, and additional information on Eldershield.
A Guide to Medifund.


Letters in the Press about Medical matters
Nothing is perfect, so interpretation and implementation may sometimes be incorrect, and people may come up with alternatives. Here are some letters in the Press on the above topics.


Polyclinics
There are 18 Polyclinics so there is bound to be one near wherever you live. Click on the list of Polyclinics to find the nearest one and locate it in the accompanying location map.

General Hospitals
There are 4 main General Hospitals. They are :
Alexander Hospital .
Changi General Hospital .
National University Hospital.
Tan Tock Seng Hospital.


Coming:
incomeshield
prostate cancer
breast cancer
osteoporosis