For CPF members aged below 65 in 2020
If you have not turned age 65, you can save up to the prevailing Basic Healthcare Sum (BHS) in your MediSave Account. The prevailing BHS in 2020 is $60,000, and it will be adjusted yearly to account for increasing life expectancy and healthcare costs until the year you turn age 65.
For CPF members who turn 65 in 2020
The BHS applicable to you is $60,000 and it will remained fixed for the rest of your life.
The following table summarises the BHS for respective cohorts aged 65 and above in 2020:
|
Age in 2020
|
Year when cohort turned age 65
|
Cohort BHS
(fixed for life)
|
65 | 2020 | $60,000 |
|
66
|
2019
|
$57,200
|
|
67
|
2018
|
$54,500
|
|
68
|
2017
|
$52,000
|
|
69 and above
|
2016 or earlier
|
$49,800
|