It is painfully obvious that the constant name changing causes confusion for people trying to find out information about Medisave and Basic Healthcare Sum (BHS).
A quick look on the popular search terms that people are using revealed the following –
Basic healthcare sum 2019 Medisave ceiling 2019 Medisave limit 2019 Medisave minimum sum Medisave Contribution Ceiling (was actually the official term until it was renamed in 2015 to Basic Healthcare Sum)People do have a very good idea of what Basic Healthcare Sum is! For now, all we need to know is that Basic Healthcare Sum is the estimated savings required for basic subsidised healthcare needs in old age. The BHS is adjusted yearly for members below age 65 to keep pace with the growth in MediSave withdrawals. Once members reach age 65, their BHS will be fixed for the rest of their lives.
For the past three years,
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