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)