Medisave Required Amount increases to S$32,000 from Jan
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SINGAPORE: From January next year, the Medisave Required Amount (MRA) will be raised to S$32,000, higher than the current S$27,500.
The MRA refers to the amount that must be set aside in the Medisave Account, after the CPF Minimum Sum requirement has been met.
Those who have met the CPF Minimum Sum and have a MRA shortfall at the point of withdrawal have to make a top-up to the Medisave Account with part of the balances from the Ordinary Account and/or Special Account to meet the prevailing MRA.
The Central Provident Fund (CPF) Board, which announced the change on Monday, also said members will continue to enjoy a risk-free interest rate of 4 per cent on their Special and Medisave Accounts (SMA) between January 1 and March 31, 2012.
The interest rate is also set at 4 per cent for the Retirement Account (RA) - from January 1 to December 31, 2012.
This is in line with the government's announcement made in September 2011 to maintain the 4 per cent per annum floor rate for interest earned on all SMA monies and RA monies until December 31, 2012.
The CPF Board said savings in the SMA currently earn either 4 per cent or the 12-month average yield of 10-year Singapore Government Securities (10YSGS) plus 1 per cent, whichever is the higher.
The interest rate on SMA savings is adjusted quarterly, based on interest rates on 10YSGS over a preceding 12-month period.
The average yield of the 10YSGS plus 1 per cent from December 1, 2010 to November 30, 2011, works out to be 3.19 per cent.
The SMA interest rate payable to CPF members from January 1 to March 31, 2012 will be maintained at the current floor of 4 per cent.
- CNA/cc -
Anywhere got breakdown on Medisave usage among all the CPF account holders.
What is the percentage of people who wipe out their Medisave and still not enough.
How many use 75%. How many use up 50%. How many use only 25%
How many % never touch the Medisave, die with $27,500 jackpot prize for the descendents.
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Can use Medisave to buy insurance or hospitalization coverage?
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Originally posted by mancha:
Anywhere got breakdown on Medisave usage among all the CPF account holders.
What is the percentage of people who wipe out their Medisave and still not enough.
How many use 75%. How many use up 50%. How many use only 25%
How many % never touch the Medisave, die with $27,500 jackpot prize for the descendents.
we are supposed to just accept what they say.
to them the amount is never enough.
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Originally posted by dragg:
we are supposed to just accept what they say.
to them the amount is never enough.
20 years later, min sum in medisave could be $100,000.
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Originally posted by charlize:
20 years later, min sum in medisave could be $100,000.
you will need that to buy cloned parts.
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Originally posted by sgdiehard:
you will need that to buy cloned parts.
This reminds me of the movie The Sixth Day.
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Originally posted by charlize:
This reminds me of the movie The Sixth Day.
The Island or The Sixth Day?
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Originally posted by βÎτά:
The Island or The Sixth Day?
Both about cloning.
Just like average day in sgforums - damn lot of clones.
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Originally posted by charlize:
20 years later, min sum in medisave could be $100,000.
$100,000 may be can buy a new heart.
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Originally posted by sgdiehard:
$100,000 may be can buy a new heart.
You have a heart but not other parts, you can survive ?
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Originally posted by charlize:
You have a heart but not other parts, you can survive ?
if indeed $100,000 can buy a heart, instead of any other parts; many people today got all parts but no heart 良心.
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Originally posted by sgdiehard:
if indeed $100,000 can buy a heart, instead of any other parts; many people today got all parts but no heart 良心.
Then 6 hearts = 1 peanut.
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Originally posted by mancha:
Anywhere got breakdown on Medisave usage among all the CPF account holders.
What is the percentage of people who wipe out their Medisave and still not enough.
How many use 75%. How many use up 50%. How many use only 25%
How many % never touch the Medisave, die with $27,500 jackpot prize for the descendents.
Medisave easy reach the required amount. I already have more than $40k. Don't know why they want to put so much in the medisave. I would rather die than pay high medical bill(s). -
Originally posted by kira.sg:
Medisave easy reach the required amount. I already have more than $40k. Don't know why they want to put so much in the medisave. I would rather die than pay high medical bill(s).So you can feel rich even if you are sick.
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Originally posted by charlize:
So you can feel rich even if you are sick.
hahahaha
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Originally posted by mistyblue:
hahahaha
Why are you laughing?
I am serious.
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Originally posted by charlize:
So you can feel rich even if you are sick.
Most of us that have medisave account are not rich. Rich people don't have Medisave account. -
Originally posted by kira.sg:
Most of us that have medisave account are not rich. Rich people don't have Medisave account.Next time just before I pass on to the next world, I want to hold a hard copy of my cpf statement.
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Originally posted by kira.sg:
Most of us that have medisave account are not rich. Rich people don't have Medisave account.you sure about that?
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Originally posted by kira.sg:
Medisave easy reach the required amount. I already have more than $40k. Don't know why they want to put so much in the medisave. I would rather die than pay high medical bill(s).keep this to yourself and dont give them ideas.
they'll raise it again if they think like you.
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Originally posted by kira.sg:
Medisave easy reach the required amount. I already have more than $40k. Don't know why they want to put so much in the medisave. I would rather die than pay high medical bill(s)."I would rather die than pay high medical bill(s)."
when you are suffering from acute pain for a long period of time, would you see doctors? it is easier said than done.
If you go into coma, who will decide whether let you die or heal you? it is not for you who decide.
Of course if you die instantly, then you don't need to pay medical bills.
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Originally posted by sgdiehard:
"I would rather die than pay high medical bill(s)."
when you are suffering from acute pain for a long period of time, would you see doctors? it is easier said than done.
If you go into coma, who will decide whether let you die or heal you? it is not for you who decide.
Of course if you die instantly, then you don't need to pay medical bills.
First, there are ways to put an end to something.Second, if nobody is paying the medical bill, do you think they will keep a patient lying there?
Why prolong the suffering of a dying person?
The government should legalized voluntary euthanasia.
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If operations only cost $8, why do we need thousands in our medisave accounts?
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Originally posted by kira.sg:
First, there are ways to put an end to something.Second, if nobody is paying the medical bill, do you think they will keep a patient lying there?
Why prolong the suffering of a dying person?
The government should legalized voluntary euthanasia.
hahaha...euthanasia is a long debated issue. why need the government to legalize? no doctor will let you die...you got to find somebody who will live with a clear conscience for the rest of his life when he decided that he could end your life.