Medical Insurance & CPF

Old Apr 19th 2012, 10:03 pm
  #1  
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Default 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.
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Old Sep 30th 2012, 9:42 am
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Default 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.
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Old Sep 30th 2012, 5:02 pm
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Default 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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