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ElderShield/ CareShield Life



QWhat is MediSave Care (also known as MediSave Withdrawals for Long-Term Care)?
A

MediSave Care is a long-term care scheme which was launched on 1 October 2020. Under MediSave Care, Singapore Citizens and Permanent Residents aged 30 and above who are severely disabled will be able to make monthly cash withdrawals from their own and/or their spouse’s MediSave for their long-term care needs.

After setting aside a minimum amount to ensure adequacy for other medical expenses, severely disabled Singapore Citizens and Permanent Residents will be able to withdraw up to a total of $200/month from their own and/or their spouse’s MediSave. The table below shows the MediSave balances and corresponding monthly withdrawal quanta.

Table: MediSave Balances and corresponding Monthly MediSave Withdrawal Quantum for Severely Disabled Singapore Citizens and Permanent Residents aged 30 and above1


 For more FAQs on MediSave Care, please visit the CareShield Life website.




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