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Do I have to top up my MediSave Account to the Basic Healthcare Sum if I start withdrawing my CPF savings from age 55?
You do not need to top up your MediSave Account (MA) when you begin withdrawing your CPF savings from age 55. The Basic Healthcare Sum (BHS) is the estimated savings you need in your MA to cover your basic subsidised healthcare needs in old age and is the maximum amount you can hold in your MA.
This information is sourced from CPF.
Related questions
What is the minimum balance I need to set aside in my MediSave Account?
What happens if I do not have the Basic Healthcare Sum when I turn age 65?
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I have saved the Basic Healthcare Sum (BHS) in my MediSave Account (MA). What happens to the savings in my MA above the BHS?
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If I do not have my cohort’s Basic Healthcare Sum when I reach my Payout Eligibility Age and I intend to start receiving my retirement payouts, do I need to top up my MediSave Account?
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