Medisave was introduced in April 1984. It required CPF members to set aside a part of their savings that can be used only for medical expenses.
I asked this question in the Wisdom of the Crowd - Is Medisave a good scheme?
44% said no, basic medical expenses should be paid out of taxation and not personal savings.
27% said yes, it allows CPF members to use their savings to pay eligible medical expenses.
18% said no, it has led to the Medisave savings being spent wastefully.
11% said the CPF savings should be reduced and people should pay their medical expenses using cash.
A total of 73% consdier that the Medisave is not a good scheme.
See the pie chart in
http://www.wisdomofthecrowd.sg/chart.aspx?ID=614
I asked this question in the Wisdom of the Crowd - Is Medisave a good scheme?
44% said no, basic medical expenses should be paid out of taxation and not personal savings.
27% said yes, it allows CPF members to use their savings to pay eligible medical expenses.
18% said no, it has led to the Medisave savings being spent wastefully.
11% said the CPF savings should be reduced and people should pay their medical expenses using cash.
A total of 73% consdier that the Medisave is not a good scheme.
See the pie chart in
http://www.wisdomofthecrowd.sg/chart.aspx?ID=614
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