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Here’s a rough idea of how it works. The CPF Board will automatically deduct your Medishield Life premiums from your CPF Ordinary Account (OA). The government also provides premium subsidies to lower and middle-income Singaporeans to make Medishield Life more affordable. These subsidies can significantly reduce the amount you pay, making healthcare more accessible for those who need it most. It's worth checking if you qualify for these subsidies. Usually, the subsidies are granted according to household income, so the lower the income, the higher the subsidy. The CPF Board’s website is your best bet for finding the exact premium amounts and subsidy details. They have tables and calculators to help you figure out exactly how much you'll be paying. Keep in mind that premiums are reviewed and adjusted periodically, so it's a good idea to stay updated.
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