CPF encouraging people to contribute more to Medisave
We would like to encourage low-income SEPs and informal workers to fulfill their 2009 Medisave liabilities by 31 July 2010 so as to enjoy the maximum chances of winning up to $3,000 in cash at the next MCD in September 2010. Who would want to lock up their money into a scheme that they have no say as to how to use it? And in many cases they may not use it till the last day when they pass away? On the other hand it sounds so good. Save the money to pay big hospital bills when they are hospitalised. And they better save more or else with the bills going to be bigger and bigger, they will not be able to pay. I wonder how much could these people save and whether they can catch up with the rate the hospital bills are rising? Another good thing about this, it comes with a lucky draw. The scheme is already so good and now got chance to win money some more.