What is the Basic Healthcare Sum when I turn 65 years old?
For each cohort turning 65 years old, their applicable Basic Healthcare Sum (BHS) will be fixed at that year's amount for the rest of their life. For instance, if you are aged 65 in 2024, the BHS applicable to you is $71,500 and it will remain unchanged for the rest of your life.
The following table summarises the BHS for respective cohorts age 65 and above in 2024:
Age in 2024
|
Year when cohort turned age 65
|
Cohort BHS
(fixed for life)
|
65 |
2024 |
$71,500 |
66 |
2023 |
$68,500 |
67
|
2022
|
$66,000
|
68
|
2021
|
$63,000
|
69
|
2020
|
$60,000
|
70
|
2019
|
$57,200
|
71
|
2018
|
$54,500
|
72
|
2017
|
$52,000
|
73 and above
|
2016 or earlier
|
$49,800
|