CPF Board gets tough !!

Dr Who SG

It appears 145,000 citizens will be affected by the CPF's new get tough policy on Medisave defaulters

Why hurt the poor chap for not contributing to his own Medisave nest-egg? Anyone directly affected ?? How do you feel?

MooKu SG

Erm. How do I contribute to Medisave? _

skyfoo SG

one thing to take note, these citizens are self-employed. these people ranged from bosses to hawkers. it only understandable for the hawkers, who do not earn much, unable to contribute to their accounts. but those bosses shld have no excuses. however, contributing to one medisave account is compulsory and these 145,000 citizens account for half of the self-employed, which is atrocious.

robertteh SG

If these 145,000 self-employed cannot afford to pay their medisave contributions, it is another confirmation that the economy is very bad.

These groups of people who are hawkers, small timers and free-lancers need help, not financially but openning up of contractors'/suppliers' registration system and deregulations to prevent small businesses from tendering works and services farmed out by the public sector.

Adoption of an open category like COE with certain conditions of verifications of expertise and knowledge (waiving track records or references) will help many small timers to overcome the present difficulties they are experiencing in getting jobs. To solve our economic problems, government has to look at problems at the bottom strata of society not just their continuous pro-foreign investment plans of the past era. Laughing

ShutterBug SG

I really doubt the usability of Medisave. Period.

I mean, I have an old mother, who has monthly medicals to treat her diabetic condition, and yet, she can't use her Medisave until age 62.

In other words, if you aren't seriously ill, or DISABLED ( missing some limbs and or blind and deaf ), one should wait till age 62 ( provided you don't die of some related complications and suddenly passes on ) - you will get to use that Medisave money. And only at $300 per month.

What kind of [email protected]#$ is that??? Don't make a whole lot of logic to me for sure.

I'm self employed, and I am bitterly contributing to my Medisave account, knowing full well, that if I die of a sudden stroke or heartattack, my money will either go to the next of kin, or taken back by the government - if there's no one left in my family.

Even then, using this Medisave, is not easy either. What a load of [email protected]#$!