Medisave
Medisave is a national medical savings scheme which helps individuals set aside part of their income into their Medisave Accounts to meet their future personal or immediate family's hospitalization, day surgery, certain outpatient expenses and approved medical insurance.
Overview[edit | edit source]
Medisave is part of the Central Provident Fund (CPF) system in Singapore. It is a compulsory comprehensive savings plan for working Singaporeans and permanent residents primarily to fund their healthcare expenses in their retirement years. The Medisave scheme is one of three accounts that the CPF system is divided into, the other two being the Ordinary Account and the Special Account.
Contributions[edit | edit source]
Medisave contributions are deducted from an employee's monthly salary. The amount of contribution is dependent on the employee's wage and age group. The Medisave contribution rate ranges from 8% to 10.5% of the employee's wage.
Uses[edit | edit source]
Medisave can be used to pay for self or immediate family members' hospitalization expenses, day surgery and certain outpatient expenses. It can also be used to pay the premiums for the national medical insurance scheme, MediShield Life, and the private integrated plans.
Limitations[edit | edit source]
There are limits to the amount that can be withdrawn from the Medisave account for various types of treatments. These limits are set by the Ministry of Health (MOH) and are reviewed periodically.
See Also[edit | edit source]
| Medisave Resources | |
|---|---|
|
 |
Search WikiMD
Ad.Tired of being Overweight? Try W8MD's physician weight loss program.
Semaglutide (Ozempic / Wegovy and Tirzepatide (Mounjaro / Zepbound) available.
Advertise on WikiMD
|
WikiMD's Wellness Encyclopedia |
| Let Food Be Thy Medicine Medicine Thy Food - Hippocrates |
Translate this page: - East Asian
中文,
日本,
한국어,
South Asian
हिन्दी,
தமிழ்,
తెలుగు,
Urdu,
ಕನ್ನಡ,
Southeast Asian
Indonesian,
Vietnamese,
Thai,
မြန်မာဘာသာ,
বাংলা
European
español,
Deutsch,
français,
Greek,
português do Brasil,
polski,
română,
русский,
Nederlands,
norsk,
svenska,
suomi,
Italian
Middle Eastern & African
عربى,
Turkish,
Persian,
Hebrew,
Afrikaans,
isiZulu,
Kiswahili,
Other
Bulgarian,
Hungarian,
Czech,
Swedish,
മലയാളം,
मराठी,
ਪੰਜਾਬੀ,
ગુજરાતી,
Portuguese,
Ukrainian
Medical Disclaimer: WikiMD is not a substitute for professional medical advice. The information on WikiMD is provided as an information resource only, may be incorrect, outdated or misleading, and is not to be used or relied on for any diagnostic or treatment purposes. Please consult your health care provider before making any healthcare decisions or for guidance about a specific medical condition. WikiMD expressly disclaims responsibility, and shall have no liability, for any damages, loss, injury, or liability whatsoever suffered as a result of your reliance on the information contained in this site. By visiting this site you agree to the foregoing terms and conditions, which may from time to time be changed or supplemented by WikiMD. If you do not agree to the foregoing terms and conditions, you should not enter or use this site. See full disclaimer.
Credits:Most images are courtesy of Wikimedia commons, and templates Wikipedia, licensed under CC BY SA or similar.
Contributors: Prab R. Tumpati, MD
