Why is the withdrawal quantum under MediSave Care based on my MediSave account's balance?
The MediSave Account is used for healthcare purposes, such as paying for hospitalisation expenses, approved outpatient medical care and approved medical insurance premiums.
The Central Provident Fund (CPF) is a social security system that allows members to set aside savings for retirement. The Ordinary Account is for housing, insurance, investment and education purposes. The Special Account is for retirement income and retirement-related investments.
This information is sourced from MOH
Related questions
If there are insufficient funds in my MediSave account, can I use my Ordinary Account/Special Account monies to pay for my MediShield Life premiums?
If there are insufficient funds in my MediSave, can I use my Ordinary/Special Account monies to pay for my CareShield Life premiums?
Why is the withdrawal based on my MediSave account’s balance? Why not withdraw from my Ordinary or Special Account?
What is MediSave?
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