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What is the Basic Healthcare Sum?
cpf
Source: https://www.cpf.gov.sg/memberThe Basic Healthcare Sum (BHS) is the estimated savings you need in your MediSave Account for your basic subsidised healthcare needs in old age.
For CPF members below age 65, the BHS will be adjusted annually to keep pace with the expected growth in MediSave use by the elderly. This ensures that the BHS will stay relevant for each cohort when they arrive at retirement age.
The prevailing BHS is $71,500, and will be adjusted yearly.
For CPF members who turn 65 in 2024
The cohort BHS is $71,500 and it will remain fixed for the rest of their lives.
The following table summarises the BHS for respective cohorts aged 65 and above in 2024:
Age in 2024 | Year when cohort turned age 65 | Cohort BHS (fixed for life) |
---|---|---|
65 | 2024 | $71,500 |
66 | 2023 | $68,500 |
67 | 2022 | $66,000 |
68 | 2021 | $63,000 |
69 | 2020 | $60,000 |
70 | 2019 | $57,200 |
71 | 2018 | $54,500 |
72 | 2017 | $52,000 |
73 and above | 2016 or earlier | $49,800 |
This information provided here is sourced from the CPF website.
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