Today, Uncle8888 received a call from his medical insurance company asking why he didn't submit Medisave claim form. Insurance: Why you didn't submit your Medisave claim form? CW: Why do I need to submit Medisave form as I am paying total cash! Insurance: First 10% of medical bill is deducted from Medisave first and only 90% is reimbursed. CW: I know! No problem. I paid cash as I don't want to touch my Medisave now. I reserve my Medisave for future. Medisave is never enough when I grow older. Insurance: Oh yeah! Medisave is 4%. We will reimburse you $X,XXX on XXX (90% of bill)
I am 61 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and retired @ 60 from full-time job as employee.
Single household income since 1995 with three children. Eldest son and daughter are now working and youngest son still in his 2nd year uni in SUTD.
I have been doing long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that Panda or Koala in the investment world; but I am still surviving well in the wild.
I am now executing my Three Taps solution model to maintain sustainable retirement income for life till 2038.
Last updated: 3 Sep 2017
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