LIFTING AGE CAP IN MATCHED MEDISAVE SCHEME FOR INDIVIDUALS WHO CAN CONTINUE WITH MEDISAVE CONTRIBUTIONS

NOTICE PAPER NO. 3563

NOTICE OF QUESTION FOR WRITTEN ANSWER

FOR THE SITTING OF PARLIAMENT ON 8 APRIL 2025

Name and Constituency of Member of Parliament

Ms See Jinli Jean

Nominated MP

Question No. 6686

To ask the Minister for Health (a) whether the Ministry will consider lifting the age cap of the Matched MediSave Scheme for individuals aged 71 and above, as long as these individuals continue contributing part of their income from work to their MediSave accounts; and (b) if not, why not.

Answer

1 The Matched MediSave Scheme aims to support Singaporeans, such as homemakers and caregivers, who may not have been able to accumulate MediSave from work to cater to their old age.

2 The scheme is extended to Singaporeans aged 55 to 70 as this group does not benefit as much from the healthcare benefits under the Pioneer Generation and Merdeka Generation Packages and other MediSave top-ups, which are available to seniors aged 71 and above.

3 We will review the parameters of the scheme closer to the end of the five-year pilot phase and decide if further adjustments need to be made.