CPFB | Manage my healthcare costs

Manage my healthcare costs

Every star needs supporting acts to count on, like the MediSave, MediShield Life, and CareShield Life schemes that make up your healthcare safety net for the story of your life. Understanding how these work together can give you confidence in managing both your healthcare and financial needs.

Healthcare Hub

Stay prepared for life's plot twists

Even though 7 in 10 Singaporeans have Integrated Shield Plans (IPs), only about half of IP policyholders chose to stay in subsidised Class B2/C wards that are already sufficiently covered by MediShield Life.

IPs offer optional supplementary coverage, and comes at an additional cost. As premiums increase with age, consider your needs and long-term affordability when you evaluate your coverage.

Know what you are covered for

Get to know the national insurance schemes you're already covered under:

MediShield Life for large medical bills
CareShield Life/ElderShield for long-term care in case of severe disabilities

In addition, MediSave is your personal healthcare savings account that can be used to pay for healthcare expenses for both yourself and your loved ones.

Consider long-term affordability

MediShield Life is designed to cover 9 in 10 subsidised bills, with deductibles and co-insurance payable by MediSave.

These help cover expenses incurred from hospitalisations as well as certain approved outpatient treatments, such as kidney dialysis, cancer drugs, and radiotherapy.

Review your health insurance coverage whenever your circumstances change

As a rule of thumb:

Spend no more than 15% of your take-home pay on insurance premiums
Death and Total & Permanent Disability (TPD): Aim for coverage of 9x your annual income
Critical Illnesses (CI): Look for a plan that covers 4x your annual income

Start planning today

Health Insurance Planner

Balance your needs by using the Health Insurance Planner to assess your health insurance against what you can comfortably afford.

Let's start

Retirement Payout Planner

Use the Retirement Payout Planner to set your goals and review your CPF savings against your desired retirement income.

Let's start

Make a cash top-up

With your health insurance coverage in place, you can plan for your retirement with greater confidence. Top up your CPF savings today for higher payouts. Every dollar you save now brings you closer to your desired retirement lifestyle.

Top up now

How MediSave and MediShield Life helped us through unexpected surgery

Join Ravi and Priya as they share their appendicitis journey, breaking down the real costs of a 3-night hospital stay. Learn why they chose a B2 ward and how MediShield Life coverage along with savings in MediSave helped manage their healthcare expenses.

How to know if you are overpaying for health insurance

How to know if you’re overpaying for health insurance

Health insurance can be confusing. See how the CPF Health Insurance Planner can help you make informed decisions on your health insurance coverage.

Find out how

Looking to explore more resources?

Give your future the star treatment it deserves. Make use of Plan Life Ahead, Now! (PLAN) with CPF, a one-stop portal empowering you to take charge of your financial journey and build a strong foundation with CPF at every life stage, via a suite of resources.

Find out how

Safety Takes:

How others balance their healthcare needs and expenses

"Review your insurance plans at key milestones, such as a few years before retirement, and again after you retire. You may realise that some policies, especially investment-linked ones, are no longer necessary.

Before buying any insurance or investment product, take time to assess your annual income and expenses. Ask yourself: What is the purpose of this product? What kind of returns am I expecting? Being clear on your goals helps you make better financial decisions."

- Lynn, 66, Retired

"I tapped on my MediSave to cover my wife’s pregnancy and childbirth expenses, which reduced the need for out-of-pocket cash, freeing up funds to buy baby essentials instead. I also use my MediSave to pay for insurance, including my MediShield Life premiums, which has really helped in managing our family’s healthcare costs."

- James, 36, IT Engineer

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Stay prepared for life's plot twists