Myth 159 Stay healthy no hospital bills
Stay healthy no hospital bills This is what Singaporeans believe or were told to believe. Stay healthy, lead a healthy life style and cut down on medical or hospitalisation bill. Now take a deep breath and think about this carefully. You imagine that you are healthy, have a clean bill of health. So you don't spend anything on medication or medical bills. You save on hospital bills. Is that what you believe in? You are dead wrong. The reality is that Singaporeans are paying their hospital bills in advance. How much? It depends on how much you have in your Medisave. That is money you have paid in advance. Many have paid $30k without being sick or being admitted to a hospital. Advance Medical Directives? This is advanced payment of medical bills, in a way. For you cannot touch the money unless you pay it out. Otherwise, if you have dependents they will hopefully inherit them after your death. There is no fixed date for withdrawal unlike the minimum sum or annuity. And if you have no dependents, tough.