Guide to Insurance Planning for Parents using CPF-Medisave
There are many CPF – Medisave approved plans that you can do to enhance your parents’ hospitalisation and old age disability coverage.
You are allowed to use your medisave to buy insurance for dependents and that includes your parents. Parents who are foreigners are also eligible to buy CPF-Medisave approved insurance, provided they have long term visit pass, dependent pass, employment pass etc.
This guide will help you with factors to consider when selecting insurance plans for parents either for hospitalisation or old age disability coverage.
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