Medisave (compulsory savings): Initiated in 1984 and forms part of CPF with 8% - 10.5% of salary credited into Medisave (increases with age i.e. <36 yrs old - 8%, 36 - 45 yrs old - 9%, 46 - 50 yrs old - 10%, > 50 yrs old - 10.5%) and can be used for approved hospitalisation & surgical procedures overseas as well as for personal/dependant's hospitalisation in acute hospitals/approved community hospitals, day surgery, chronic disease management prog (eg diabetes, hypertension, lipid disorders, stroke, asthma, COPD etc), vaccinations (as part of National Adult Immunisation Schedule to achieve herd immunity of adults on influenza, hep B & HPV) & health screenings (eg mammogram for women aged 50 & above or colonoscopies)