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-   -   Medical Insurance & CPF (https://britishexpats.com/forum/singapore-131/medical-insurance-cpf-755510/)

RedDragon2008 Apr 19th 2012 10:03 pm

Medical Insurance & CPF
 
Any suggestions on better companies to deal with?

What is the process for registering? like NHS or medicare?

Any points of CPF ?

Wife is Singaporean I am British.

ebiburger Sep 30th 2012 9:42 am

Re: Medical Insurance & CPF
 
You could go with one of the local insurer's shield plans for health insurance coverage. They will cover hospitalization costs for 100% if you get the shield plan + rider.

CPF accounts are mainly Ordinary , Special and Medisave. Ordinary can be used for housing/education in local schools. Special for Investments and Medisave is for health expenses or for purchasing health insurance from local insurers.

CPF is a good savings scheme if you are a Singapore or PR as there will be % accumulated for the money inside. Also, since your wife is a Singaporean, she can purchase local health shield plans with her CPF, and for you too.

ex reg Sep 30th 2012 5:02 pm

Re: Medical Insurance & CPF
 
Many different views on CPF.
Different rates of interest from 2.5% to 4% depending on which part you have money.
A lot depends on age as to whether you believe it worthwhile.
Needs careful thought.

We use it and compared to bank accounts in Singapore the interest rate is very good.


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