SINGAPORE: About 300,000 Pioneer Generation seniors will receive MediSave top-ups amounting to a total of more than S$150 million (US$111 million) next month, the Ministry of Finance (MOF) said on Friday (Jun 7).
The MediSave top-ups are provided in addition to the annual GST Voucher-MediSave top-ups given to eligible Singaporeans aged 65 and above.
MediSave can be used to pay the premiums for MediShield Life, CareShield Life, ElderShield and other MediSave-approved insurance plans, as well as medical expenses such as hospitalisation, day surgeries and selected outpatient treatments.
Eligible Pioneer Generation seniors receive top-ups of S$250 to S$900 each year, said MOF.
But older seniors – aged 85 years and above in 2024 – who have serious pre-existing conditions will receive further top-ups of S$50 to S$200 per year from 2021 to 2025 to help pay their MediShield Life premiums, the Finance Ministry added.
