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What happens to the additional MediSave contribution if my employee has reached the Basic Healthcare Sum (BHS)?

Updated by MOM

The Basic Healthcare Sum (BHS) is adjusted yearly to ensure Singaporeans have sufficient savings to meet their basic subsidised healthcare needs in old age.

Any MediSave contributions in excess of the BHS will be transferred from the MediSave Account to the other CPF accounts to help with retirement expenses.

This information is sourced from MOM.

Topics:

Employment practicesPortable medical benefits

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