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Does the Basic Healthcare Sum need to be increased because of the higher CareShield Life premiums?
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The Basic Healthcare Sum (BHS) is the estimated savings required for basic subsidised healthcare needs in old age. As CareShield Life premium payments will stop at the re-employment age of 67 for most Singaporeans, the Government does not expect premiums to have a significant impact on the BHS.
Nevertheless, the Government will review and adjust the BHS regularly to ensure that Singaporeans’ MediSave savings keep pace with growth in MediSave use by the elderly, especially with rising healthcare costs and expansions in MediSave uses.
This information provided here is sourced from the MOH website.
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