The basic healthcare sum (BHS) will increased from S$63,000 in 2021 to S$66,000 in 2022. This means that I have to prepare S$3,000 in cash to top up my MediSave Account (MA) in January 2022.
What is the Basic Healthcare Sum?
The Basic Healthcare Sum (BHS) is the estimated savings you need in your MediSave Account for your basic subsidised healthcare needs in old age.
If you are below the age of 65
The Basic Healthcare Sum (BHS) will be adjusted annually to keep pace with the expected growth in MediSave use by the elderly.
If you turn 65 in 2022
If you are turning 65 years old in 2022, the Basic Healthcare Sum (BHS) will be fixed for the rest of your live at 66K.
Benefits of Maxing Out your MediSave Account
With the increase in limit for the basic healthcare sum (BHS), we can take the opportunity to top up...