What I hate about the current Singapore

[3Boys]

concern2:

To be frank, the CPF is so complex now that only HARRY can understand. To the layman, it is just a generic term to mean something that one can use when one reaches the age of retirement, or when one needs to pay for medical bills in a hospital. And that the CPF's fundamental role, is it not?

It WAS simple to begin with! It is now complex because people KEEP asking for it to be liberalised. This proposal of opening to medical costs will just be another layer of complexity. Don't you see the irony.

[concern2]

3Boys:

There are mechanisms to help with health care costs for the needy, you don't have to chuck out the whole CPF structure to deal with exceptional cases.

Interesting. Exceptional cases. People this age, do they really have CPF?

[limlim]

3Boys:

limlim:

Now..

WHY using medisave to pay for medishield fully

Could you be a little more explicit please? I don't understand this point.

1. Max withdrawal amount is $800/yr only per account. For enhanced medishield, it is not enough to pay for the premiums fully for those older pple, like maybe 70yo and above. (around that age, I can't confirm now).

Withdrawal from one account only. Why can't they allow withdrawal from unlimited child accounts so the next-of-kin can share the costs/burden?

2. Medisave cannot be used to pay for riders to cover deductibles and co-payment.

[concern2]

3Boys:

concern2:

To be frank, the CPF is so complex now that only HARRY can understand. To the layman, it is just a generic term to mean something that one can use when one reaches the age of retirement, or when one needs to pay for medical bills in a hospital. And that the CPF's fundamental role, is it not?

It WAS simple to begin with! It is now complex because people KEEP asking for it to be liberalised. This proposal of opening to medical costs will just be another layer of complexity. Don't you see the irony.

Yes, I see the irony. Yet, the fundamentals ought to stay strong. People are using their own CPF to pay for their parents, and this is an inherent problem, a ticking time-bomb.

[3Boys]

concern2:

3Boys:

There are mechanisms to help with health care costs for the needy, you don't have to chuck out the whole CPF structure to deal with exceptional cases.

Interesting. Exceptional cases. People this age, do they really have CPF?

I am asking the same question myself.

I just feel that the entire article is crafted to manipulate.

[3Boys]

limlim:

3Boys:

[quote=\"limlim\"]
Now..

WHY using medisave to pay for medishield fully

Could you be a little more explicit please? I don't understand this point.

1. Max withdrawal amount is $800/yr only per account. For enhanced medishield, it is not enough to pay for the premiums fully for those older pple, like maybe 70yo and above. (around that age, I can't confirm now).

Withdrawal from one account only. Why can't they allow withdrawal from unlimited child accounts so the next-of-kin can share the costs/burden?

2. Medisave cannot be used to pay for riders to cover deductibles and co-payment.[/quote]Apart from NOK, which I feel if they wished to contribute, should be paying cash rather than from Medisave, otherwise, its just depleting their own accounts and kicking the can down the road, the others are fair ideas.

BUT, its not the same as using CPF to pay directly for medical bills.

[limlim]

3Boys:

I just feel that the entire article is crafted to manipulate.

do not disagree with this..

Afterall, it is done by one party for their political motive or whatever, so I fully agree with you that we should not get too emotional with this article..

However, the fundamental topic still remains..

How to better plan for healthcare costs..

[3Boys]

limlim:

3Boys:

I just feel that the entire article is crafted to manipulate.

do not disagree with this..

Afterall, it is done by one party for their political motive or whatever, so I fully agree with you that we should not get too emotional with this article..

However, the fundamental topic still remains..

How to better plan for healthcare costs..

I actually think the g'ment had screwed up the healthcare financing model a couple of decades ago and are still in recovery mode. If you are a middle-aged working adult today, and are clever about what you do with private insurance and public schemes, you should be ok. But the older generation.....some of them need a lot of help.

[limlim]

3Boys:

BUT, its not the same as using CPF to pay directly for medical bills.

ok ok.. fair enough..

But, maybe less restrictions on medisave for medical expense for the elder pple.. like govt hospitals and polyclinics. As mentioned earlier, medical help should be sough early, so as to minimize possible complications.. I believe, if the person do not suffer discomfort, they wouldn't want to seek medical attention anyway..

If medisave used up, then, should be allowed to use other part of the CPF lor..

I believe, those really in need, would have public assistance scheme to help them already..

As for those who are not here nor there.. allowing them to use CPF for medical treatment would provide them with a better quality living.

If the CPF is depleted, and they have no more money, they may have to resort to assistance scheme, and this may impose a burden on the society.. yes.. but, how likely is it for one to \"squander\" away CPF savings on healthcare? Is there really a big danger of abuse?

[3Boys]

limlim:

but, how likely is it for one to \"squander\" away CPF savings on healthcare? Is there really a big danger of abuse?

We don't know, do we? If its there, people tend to use it. Look at housing, who doesn't use CPF to finance their property? We have to be really careful here and not make knee-jerk decisions.