MediSave

Find out all you need to know about MediSave below.

What is MediSave?

MediSave is a personal healthcare savings account that helps to pay for the healthcare needs of you and your loved ones. For working adults, you will save between 8-10.5% of your monthly salary in your MediSave. This helps defray healthcare costs over your lifetime.

Basic Healthcare Sum

The Basic Healthcare Sum (BHS) is the estimated amount of savings that you need for your basic healthcare needs when you retire. It is the maximum amount you can have in your MediSave account. This amount is adjusted annually until you reach 65, and will remain fixed for the rest of your life. Any savings you may have above the BHS will be transferred to your Special Account of Retirement Account to supplement your retirement savings. Here is the BHS amount in recent years:

If you or your loved one turned age 65 in...Basic Healthcare Sum
2022$66,000
2021$63,000
2020$60,000
2019$57,200
2018$54,500
2017$52,000
2016 or earlier$49,800
Basic Healthcare Sum
2022: $66,000
2021: $63,000
2020 : $60,000
2019: $57,200
2018 : $54,500
2017: $52,000
2016 or earlier: $49,800

Benefits

MediSave can be used for your medical expenses and those of your loved ones.

You can use your MediSave for yourself or your family members. This includes your spouse, children, parents, grandparents, or siblings.

They can be of any nationality, except for grandparents and siblings, who must be Singapore Citizens or Permanent Residents.

Eligibility

All Singaporeans / PRs who are residing and working in Singapore.

MediSave can be used at this list of approved CHAS clinics and Medical Institutions.

What can I use MediSave for?

MediSave Uses
General wellbeingRecommended screenings, vaccinations, and chronic disease treatments
For surgery or hospitalisationInpatient treatment at the hospital for you and your dependents
For long-term careMediSave Care $200/month withdrawal for those severely disabled
Giving birthTreatments to help with conceiving, pregnancy and delivery expenses
Repeated treatmentRenal dialysis, cancer treatments and more
Pay insurance premiumsFor MediShield Life, CareShield Life and Integrated Shield Plans
Medical scansCTs and MRIs are claimable under MediSave
Rehabilitation and recoveryStays at community hospitals or rehabilitation centres
Outpatient treatmentsFlexi-MediSave for outpatient treatments for those aged 60 and above
End of life carePalliative care at a hospice or at home in the company of your loved ones

You may find an extensive list of the uses of MediSave via the MOH website.

Homage services applicable for subsidies

Homage is an official government provider for Interim Caregiver Services in Singapore. Services applicable under the MediSave Care scheme include: 

Home Care
Assistance with activities of daily living (ADLs) such as eating, bathing, getting dressed, toileting, transferring and continence.

Home Nursing
Our home nursing services range from private nursing, IV drip, wound dressing, NGT feeding, urine bag drainage and more.

Home Therapy
To support your rehabilitation and recovery efforts through personalised exercise and therapy treatment sessions.

Specialised Care
From Dementia Care to Cancer Care, get the most relevant care support in response to your medical condition.

How to apply

For Singaporeans and PRs, you should already have a MediSave account. You may check your MediSave account balance via the CPF website.

How to use MediSave to pay for medical fees

Here’s an example of how MediSave can be used to pay for your medical and hospitalisation fees: 

Chloe recently rushed her mother to the hospital due to a UTI infection. Her mother was experiencing a high fever and was at risk of being in septic shock, so she had to be hospitalised and put under a dose of antibiotics. 

When settling her mother’s hospital bills, Chloe informed the hospital that she would like to use her mother’s MediSave to help defray the hospitalisation costs. Given her situation, she is able to tap on her mother’s MediSave for certain inpatient care costs

The hospital then presents Chloe with a Medical Claims Authorisation Form (MCAF). Signing the MCAF authorises the hospital to check how much Chloe can utilise her own or her mother’s healthcare plans. Once the authorisation has been approved, the hospital will submit a claim on the patient’s behalf. 

When Chloe’s mother’s treatment is over, the hospital will submit the medical claim on their behalf. Payment from MediSave will be made directly to the hospital, and the relevant parties will be informed accordingly. Using MediSave, Chloe saves the trouble of dealing with a hefty upfront payment of hospital bills, as a portion of the bills can be covered by MediSave. 

Should Chloe’s mother suffer from a disability as a result of her illness, Chloe may tap on MediSave payouts to engage home care and specialised care services for her mother to aid in her recovery. 

Using MediSave to reimburse medical expenses

In some cases where you have an Integrated Shield Plan, or other company benefits, you may get insurers/your company to reimburse your medical expenses via MediSave. 

To do so, you will need to apply for a MediSave reimbursement. You will need to submit relevant documents such as the finalised medical bill, healthcare payments and claims statement and/or MediSave transaction statement to your employer or insurer before they can reimburse your MediSave. 

More details on reimbursement can be found via the CPF website

More useful resources on MediSave

How to Use Medisave to Cover Your Outpatient Costs?

medisave

MediSave: All You Need To Know

medisave polyclinic

How to Claim MediSave When Visiting a Polyclinic?

How does Homage work?

For tele-consultations, download the Homage app and get connected to a doctor right away.

How it Works - Step 1

Speak to a Care Advisor

Call us at 6100 0055 or request a callback from our friendly Care Advisory team. Learn more about our range of services and find out how Homage Care Professionals can help.

How it Works - Step 2

Make a Care Plan together

We will work with you to develop a personalised Care Plan based on your loved one’s health status, care requirements, and additional preferences.

How it Works - Step 3

Your personalised care begins

Together we will match you and your loved ones with an exceptional Care Professional. Stay up to date after every appointment with detailed reports on the Homage app.

For tele-consultations, download the Homage app and get connected to a doctor right away.

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