these pages explains how Medishield life (mandatory insurance ), Medisafe (savings scheme similar to HSA in USA but mandatory 7-10% in Singapore ) and medifund (financial safety net).

All three combined means that most people in Singapore have ways to pay for medium/large medical expenses. People can also opt for additional private health insurance to cover items or costs that the government schemes won't cover.

shorter article:.
https://sg.finance.yahoo.com/news/3-...010124663.html.

Longer article:
https://www.commonwealthfund.org/int...ries/singapore.


this is the CPF savings across different age groups, so you have a sense of how much money each age group has in CPF(retirement) or Medisafe (health).

https://blog.seedly.sg/cpf-account-b...on-age-groups/