Will hit it by next june.. what happens after hitting it? no need to contribute to MA anymore?
"From 1 January 2016, there will only be one Medisave-related amount you need to be concerned about – the Basic Healthcare Sum. This amount is $49,800 in 2016, and will increase each year in response to Medisave use.
So basically, if you have less than the Basic Healthcare Sum, don’t worry. You will no longer be expected to top it up from your Ordinary and Special Accounts when you turn 55.
If you already have the maximum Basic Healthcare Sum in your Medisave Account, nothing has changed. As before, excess Medisave contributions will be transferred to your Special Account (if you’re below 55) or your Retirement Account (if you’re above 55)."
All will go to SA... all within the CPF "loop" :p