Scheduled Maintenance: CPF digital services will not be available on 28 May 2023, from 2am to 5am.

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Why is MediSave important for self-employed persons?

MediSave can be used for healthcare needs, such as to pay for MediShield Life premiums or hospitalisation cost. It is therefore important that self-employed persons set aside a portion of their income to build up their MediSave savings, in anticipation of their future healthcare needs, especially during old age when they have stopped working.