This is frightening, really, please wake up.
“For a member who passed away on or after 1 July 2006 during his/her hospitalisation, he/she can use his/her Medisave savings to pay for the last inpatient hospital bill in full, without being subjected to the existing Medisave withdrawal limits. This is because the need to save for future healthcare needs is no longer relevant”.
The above was quoted in Leong Sze Hian’s article on the ‘Erosion of CPF protection from creditors’ in the TRE. Read the intent and purpose of this change carefully. I swear I will not admit myself to any hospital in my dying days to help them clean up my savings in the Medisave.
No say I never warn you. This is a very brilliant and compassionate and merciful change to help the decease pay for everything he owes to the hospital, to the last cent in his Medisave. He will die a free man, free of his savings in the Medisave, with not debt to the hospital and nothing left for his dependents or children.