$278m in MediSave top-ups for Pioneer, Merdeka Generation seniors
Published on
22 Jun 2021
Published by
The Straits Times
Pioneer and Merdeka Generation seniors will get $278 million in MediSave top-ups.
They will receive letters with details about the top-ups by the end of this month, and the sums will be credited next month, the Ministry of Finance and Ministry of Health said in a joint statement yesterday.
Pioneer Generation seniors - born in or before 1949 - will receive between $250 and $900 each.
Those aged 82 and above this year who have serious pre-existing conditions will receive further top-ups of $50 to $200 yearly from 2021 to 2025, to help them pay their higher MediShield Life premiums.
Top-ups for pioneers will amount to about $182 million this year.
The higher annual MediSave top-ups for Pioneer Generation seniors from this year, announced last December, is intended to help keep premiums affordable for pioneers who have generally accumulated less MediSave monies than younger Singaporeans.
Merdeka Generation seniors will each receive $200, totalling some $96 million this year.
The ministries said about 450,000 pioneers and 500,000 Merdeka Generation seniors have benefited from MediSave top-ups since the seniors' packages were launched.
The top-ups to MediSave accounts will be on top of the annual GST Voucher - MediSave top-ups for eligible Singaporeans aged 65 and above.
About 575,000 Singaporeans aged 65 and above will receive a top-up to their CPF MediSave accounts of up to $450 each from July 30.
MediSave can be used to pay the premiums for MediShield Life and other MediSave-approved insurance plans, as well as medical expenses such as hospitalisation, day surgery and outpatient treatments.
Source: The Straits Times © Singapore Press Holdings Limited. Reproduced with permission.
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