Planning for your healthcare during retirement might seem daunting, but understanding the Basic Healthcare Sum (BHS) can make it a lot easier.
As someone who’s navigated the intricacies of Singapore’s healthcare financing system, I’m here to break it down for you in simple terms.
In this post, you’ll learn:
- What the Basic Healthcare Sum is
- How much the BHS is and how it’s determined
- The benefits of reaching the BHS
- What happens if you exceed the BHS
Did you know that the BHS can significantly reduce your cash payments for healthcare and earn you attractive interest rates?
Stick around, and by the end of this post, you’ll feel confident about managing your MediSave account for a secure retirement.
Let’s dive in!
What Is the Basic Healthcare Sum?
The Basic Healthcare Sum (BHS) is a crucial component of Singapore’s healthcare financing framework.
Essentially, it represents the maximum amount of money you can...
