Type
Savings Account
Interest
4% p.a.
Status
Mandatory
MediSave is Singapore's national medical savings scheme. It helps CPF members set aside part of their income for future healthcare expenses and insurance premiums, providing a foundation for healthcare financing.
01 / The Basics
Singapore's national medical savings scheme for healthcare financing.
MediSave is Singapore's national medical savings scheme. It helps CPF members set aside part of their income for future healthcare expenses and insurance premiums.
Part of your CPF contributions automatically goes into your MediSave account, which earns interest and can be used to pay for approved healthcare expenses for you and your family members.
Foundation layer: MediSave is the base of Singapore's healthcare financing system. It funds your insurance premiums and covers approved medical expenses.
02 / Coverage Details
Approved healthcare expenses for you and your family.
Hospital bills for you and your dependants, including room charges, treatment, and surgery costs
Approved outpatient surgical procedures that don't require overnight stay
Treatment for diabetes, hypertension, and other chronic conditions under approved programs
Preventive care including vaccinations, health screenings, and health check-ups
04 / Important Numbers
Understanding MediSave thresholds and interest rates.
Target amount for healthcare needs
+ extra 1% on first $60K
All interest is not taxable
05 / Best Practices
How to optimize your MediSave for long-term healthcare needs.
MediSave should be viewed as risk funding, not emergency cash. Overdrawing it early increases long-term healthcare vulnerability. Use it strategically to pay insurance premiums rather than depleting it on ad-hoc expenses.
MediSave is the foundation layer that funds:
MediShield Life
Base insurance
Integrated Shield
Enhanced coverage
CareShield Life
Long-term care
Medical Bills
Direct expenses
Understanding how to strategically use MediSave can help you maximize your healthcare protection while preserving your savings for future needs.
Understanding MediSave helps you make informed decisions about healthcare financing.
Hospital & Health Insurance
Explore comprehensive health insurance options that work alongside your MediSave account.
CPF MediSave
Learn more about CPF MediSave contributions, limits, and strategic planning.
Long-Term Care Insurance
Protect yourself against the costs of long-term care and severe disability.