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Healthcare Financing
Medisave
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Medisave, introduced in April 1984, is a national medical savings scheme which helps individuals put aside part of their income into their Medisave Accounts to meet their future personal or immediate family's hospitalization, day surgery and certain outpatient expenses.
Under the scheme, every employee contributes 6.5-9% (depending on age group) of his monthly salary to a personal Medisave account. The savings can be withdrawn to pay the hospital bills of the account holder and his immediate family members.
Typically, an employee would contribute between 6.5-9% of their wages to Medisave. Find out exactly how you are contributing to Medisave here.
For a summary of the Medisave withdrawal limits, please click here.
Find out how much you should contribute to Medisave if you are self-employed here.
Chronic diseases are a significant cause of illness and death in Singapore. This is a phenomenon common to all developed countries. Find out more on how you can use Medisave to help pay part of the outpatient cost. Please click here
Click here.
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