What is MediSave Care (also known as MediSave Withdrawals for Long-Term Care)?
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 above.1
| MediSave Balance |
Monthly Withdrawal Quantum |
|
|---|
| $20,000 and above |
$200 |
|
| $15,000 and above |
$150 |
|
| $10,000 and above |
$100 |
|
| $5,000 and above |
$50 |
|
| Below $5,000 |
Nil |
|
1Serverely Disabled Singapore Citizens and Permanent Residents can withdraw from their spouse's MediSave Account, if they have insufficient MediSave balances, and their spouse has MediSave balances of $5,000 or more. Withdrawals from their spouse's MediSave will also be subject to the same MediSave balance thresholds. The total withdrawal from their own and/or spouse's MediSave is capped at $200/month.
For more FAQs on MediSave Care, please visit the CareShield Life website.
