{"id":10377,"date":"2024-03-26T15:55:36","date_gmt":"2024-03-26T07:55:36","guid":{"rendered":"https:\/\/medicare-asia.com\/?p=10377"},"modified":"2024-04-22T16:14:08","modified_gmt":"2024-04-22T08:14:08","slug":"cpf-basic-healthcare-sum-explained","status":"publish","type":"post","link":"https:\/\/www.medicare-asia.com\/en\/cpf-basic-healthcare-sum-explained\/","title":{"rendered":"CPF Basic Healthcare Sum Explained"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"10377\" class=\"elementor elementor-10377\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-62bcb367 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"62bcb367\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5d69a64d\" data-id=\"5d69a64d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-55809f3 elementor-widget elementor-widget-text-editor\" data-id=\"55809f3\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 24-04-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p><span style=\"color: #000000;\"><span style=\"font-weight: 400;\">Beyond government subsidies on general medical care and healthcare devices, <\/span><span style=\"font-weight: 400;\">MediSave<\/span><span style=\"font-weight: 400;\"> is a major avenue that the government uses to assist those who may need to pay for expensive medical treatment.\u00a0<\/span><\/span><\/p><p><span style=\"font-weight: 400; color: #000000;\">Here\u2019s all you need to know about the Basic Healthcare Sum (BHS) for your CPF MediSave.\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7456475 elementor-widget elementor-widget-heading\" data-id=\"7456475\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 24-04-2024 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h2 class=\"elementor-heading-title elementor-size-large\">What is the Basic Healthcare Sum?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fe8d277 elementor-widget elementor-widget-text-editor\" data-id=\"fe8d277\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400; color: #000000;\">The Basic Healthcare Sum is an estimated projection of how much you should have in your CPF MediSave account, in order for your basic healthcare needs to be covered during your retirement years.\u00a0<\/span><\/p><p><span style=\"font-weight: 400; color: #000000;\">Same as CPF contributions, CPF members automatically contribute a percentage of their salary to their MediSave Accounts every month \u2013 this gets Singaporeans and Permanent Residents to set aside money for their healthcare needs in the future.\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ca307f0 elementor-widget elementor-widget-heading\" data-id=\"ca307f0\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-large\">How Much Is the Basic Healthcare Sum?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4dd2f50 elementor-widget elementor-widget-text-editor\" data-id=\"4dd2f50\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400; color: #000000;\">The BHS varies depending on your age.\u00a0<\/span><\/p><p><span style=\"font-weight: 400; color: #000000;\">For CPF members aged below 65 in 2021: The prevailing BHS is $63,000, and is adjusted yearly in order to match the expected increase in MediSave use as you age.\u00a0<\/span><\/p><p><span style=\"font-weight: 400; color: #000000;\">For CPF members who turn 65 in 2021: The cohort BHS is $63,000 and will remain fixed for the rest of your lives.<\/span><\/p><p><span style=\"font-weight: 400; color: #000000;\">Some people assume that the BHS is a minimum amount that you need to have in your MediSave Account. However, the BSH is a maximum sum, not a minimum sum, and functions as a cap on your MediSave balance.\u00a0<\/span><\/p><p><span style=\"font-weight: 400; color: #000000;\">There is no minimum amount required for your MediSave savings, so not to worry if you don\u2019t hit the BHS. Neither the savings in your MediSave account nor the BHS affects your ability to withdraw your CPF savings when you turn 55, or your CPF monthly payouts from age 65 onwards.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-04dc93e elementor-widget elementor-widget-heading\" data-id=\"04dc93e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-large\">Benefits of BHS<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-20e9350 elementor-widget elementor-widget-text-editor\" data-id=\"20e9350\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ol><li><span style=\"font-weight: 400; color: #000000;\">Enjoy 4% MediSave interest rates<\/span><\/li><li><span style=\"font-weight: 400; color: #000000;\">Receive tax relief from making voluntary MediSave top-ups<\/span><\/li><li><span style=\"font-weight: 400; color: #000000;\">Funds will generate enough interest for it to remain stable even as you withdraw money to make payments<\/span><\/li><\/ol>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ad1889e elementor-widget elementor-widget-heading\" data-id=\"ad1889e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-large\">Exceeding the Basic Healthcare Sum<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5bbe041 elementor-widget elementor-widget-text-editor\" data-id=\"5bbe041\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400; color: #000000;\">Once you have attained the BHS, no further voluntary top-ups can be made to your MediSave account. If you exceed your BHS from voluntary top-ups to your MediSave account, the full amount of your top-up will be refunded to you.\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2182d55 elementor-widget elementor-widget-heading\" data-id=\"2182d55\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-large\">What can I pay using MediSave?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-37e0fefb elementor-widget elementor-widget-text-editor\" data-id=\"37e0fefb\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400; color: #000000;\">MediSave can be used for a range of medical care that covers a variety of areas including acute care, rehabilitative care, in-patient hospitalization, day surgeries, health screenings, vaccinations, end-of-life care, outpatient treatments, and even medical insurance premiums.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2bddbae elementor-widget elementor-widget-text-editor\" data-id=\"2bddbae\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"color: #000000;\"><span style=\"font-weight: 400;\">Reference: <\/span><a style=\"color: #000000;\" href=\"https:\/\/www.homage.sg\/resources\/cpf-basic-healthcare-sum\/\"><span style=\"font-weight: 400;\">Homage<\/span><\/a><span style=\"font-weight: 400;\">, <\/span><a style=\"color: #000000;\" href=\"https:\/\/www.cpf.gov.sg\/member\/faq\/healthcare-financing\/basic-healthcare-sum\"><span style=\"font-weight: 400;\">CPF Singapore<\/span><\/a><\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fc0a6b9 elementor-widget elementor-widget-spacer\" data-id=\"fc0a6b9\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 24-04-2024 *\/\n.elementor-column .elementor-spacer-inner{height:var(--spacer-size)}.e-con{--container-widget-width:100%}.e-con-inner>.elementor-widget-spacer,.e-con>.elementor-widget-spacer{width:var(--container-widget-width,var(--spacer-size));--align-self:var(--container-widget-align-self,initial);--flex-shrink:0}.e-con-inner>.elementor-widget-spacer>.elementor-widget-container,.e-con>.elementor-widget-spacer>.elementor-widget-container{height:100%;width:100%}.e-con-inner>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer,.e-con>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer{height:100%}.e-con-inner>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer>.elementor-spacer-inner,.e-con>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer>.elementor-spacer-inner{height:var(--container-widget-height,var(--spacer-size))}.e-con-inner>.elementor-widget-spacer.elementor-widget-empty,.e-con>.elementor-widget-spacer.elementor-widget-empty{position:relative;min-height:22px;min-width:22px}.e-con-inner>.elementor-widget-spacer.elementor-widget-empty .elementor-widget-empty-icon,.e-con>.elementor-widget-spacer.elementor-widget-empty .elementor-widget-empty-icon{position:absolute;top:0;bottom:0;left:0;right:0;margin:auto;padding:0;width:22px;height:22px}<\/style>\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9b72975 elementor-widget elementor-widget-heading\" data-id=\"9b72975\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Related Articles<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-14658aa elementor-widget elementor-widget-text-editor\" data-id=\"14658aa\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-size: 16px; color: #000000; font-family: arial, helvetica, sans-serif;\"><a style=\"color: #000000;\" href=\"https:\/\/www.medicare-asia.com\/en\/how-medisave-can-help-with-your-healthcare-expenses\/\">How MediSave can help with your Healthcare Expenses<\/a><\/span><\/p><p><span style=\"font-size: 16px; color: #000000; font-family: arial, helvetica, sans-serif;\"><a style=\"color: #000000;\" href=\"https:\/\/www.medicare-asia.com\/en\/medishield-life-by-central-provident-fund-cpf\/\">Medishield Life by Central Provident Fund (CPF)<\/a><\/span><\/p><p><span style=\"font-size: 16px; color: #000000; font-family: arial, helvetica, sans-serif;\"><a style=\"color: #000000;\" href=\"https:\/\/www.medicare-asia.com\/en\/guide-to-community-health-assist-scheme-chas-in-singapore\/\">Guide to Community Health Assist Scheme (CHAS) in Singapore<\/a><\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Beyond government subsidies on general medical care and healthcare devices, MediSave is a major avenue that the government uses to assist those who may need to pay for expensive medical treatment. Here\u2019s all you need to know about the Basic Healthcare Sum (BHS) for your CPF MediSave. What is the Basic Healthcare Sum? The Basic [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11241,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[44],"tags":[46,45],"class_list":["post-10377","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cpf","tag-basic-healthcare-sum","tag-bhs"],"acf":[],"aioseo_notices":[],"rttpg_featured_image_url":{"full":["https:\/\/www.medicare-asia.com\/wp-content\/uploads\/2024\/03\/Slide-1-35.png",1080,1080,false],"landscape":["https:\/\/www.medicare-asia.com\/wp-content\/uploads\/2024\/03\/Slide-1-35.png",1080,1080,false],"portraits":["https:\/\/www.medicare-asia.com\/wp-content\/uploads\/2024\/03\/Slide-1-35.png",1080,1080,false],"thumbnail":["https:\/\/www.medicare-asia.com\/wp-content\/uploads\/2024\/03\/Slide-1-35-150x150.png",150,150,true],"medium":["https:\/\/www.medicare-asia.com\/wp-content\/uploads\/2024\/03\/Slide-1-35-300x300.png",300,300,true],"large":["https:\/\/www.medicare-asia.com\/wp-content\/uploads\/2024\/03\/Slide-1-35-1024x1024.png",1024,1024,true],"1536x1536":["https:\/\/www.medicare-asia.com\/wp-content\/uploads\/2024\/03\/Slide-1-35.png",1080,1080,false],"2048x2048":["https:\/\/www.medicare-asia.com\/wp-content\/uploads\/2024\/03\/Slide-1-35.png",1080,1080,false],"trp-custom-language-flag":["https:\/\/www.medicare-asia.com\/wp-content\/uploads\/2024\/03\/Slide-1-35-12x12.png",12,12,true]},"rttpg_author":{"display_name":"admin","author_link":"https:\/\/www.medicare-asia.com\/en\/author\/malik\/"},"rttpg_comment":1,"rttpg_category":"<a href=\"https:\/\/www.medicare-asia.com\/en\/category\/cpf\/\" rel=\"category tag\">CPF<\/a>","rttpg_excerpt":"Beyond government subsidies on general medical care and healthcare devices, MediSave is a major avenue that the government uses to assist those who may need to pay for expensive medical treatment. Here\u2019s all you need to know about the Basic Healthcare Sum (BHS) for your CPF MediSave. What is the Basic Healthcare Sum? The Basic&hellip;","_links":{"self":[{"href":"https:\/\/www.medicare-asia.com\/en\/wp-json\/wp\/v2\/posts\/10377","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.medicare-asia.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.medicare-asia.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.medicare-asia.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.medicare-asia.com\/en\/wp-json\/wp\/v2\/comments?post=10377"}],"version-history":[{"count":28,"href":"https:\/\/www.medicare-asia.com\/en\/wp-json\/wp\/v2\/posts\/10377\/revisions"}],"predecessor-version":[{"id":11844,"href":"https:\/\/www.medicare-asia.com\/en\/wp-json\/wp\/v2\/posts\/10377\/revisions\/11844"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.medicare-asia.com\/en\/wp-json\/wp\/v2\/media\/11241"}],"wp:attachment":[{"href":"https:\/\/www.medicare-asia.com\/en\/wp-json\/wp\/v2\/media?parent=10377"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.medicare-asia.com\/en\/wp-json\/wp\/v2\/categories?post=10377"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.medicare-asia.com\/en\/wp-json\/wp\/v2\/tags?post=10377"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}