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Question about Medisave Account

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06-03-2020, 12:10 PM

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Question about Medisave Account

An honorable member of the Coffee Shop Has Just Posted the Following:

Dear forummers,
Medisave limit has increased to 60K and my friend told me that if account holders die and never use the fund for medical purposes, all the money in medisave will be forfeited and given to ah kong.

For example, if people die of heart attack, all the unused medisave amount is forfeited and they cannot be given to their wives, children, parents, mistresses or gay partners.

please let me know if the above is correct or fake news?

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