As from April 2013 my Journey in Investing is to create Retirement Income for Life till 80 years old for two over market cycles of Bull and Bear.

Welcome to Ministry of Wealth!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

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Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Friday, 14 April 2017

Why You Didn't Use Your Medisave???


Read? Financial Independence : Withdrawal??? Passive Income > Living Expenses??? (2)


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)

2 comments:

  1. Curious, if you had private insurance. You wouldn't need to pay cash at all.

    ReplyDelete

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