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Why is the withdrawal amount for MediSave Care capped at $200 monthly (or $2,400 yearly)? Is it sufficient to cover long term care cost?


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Updated by AIC

In deciding the MediSave withdrawal amount for long-term care, the Government took into account the basic long-term care costs for a range of services and settings, other sources of long-term care funding such as Government subsidies and assistance schemes, community support, personal savings, family support and Government-funded safety nets, as well as the need to balance withdrawal amounts with MediSave adequacy.

For other forms of assistance, you may wish to apply for CareShield Life or tap on means-tested Government subsidies and various Government assistance schemes such as ElderFund in meeting your long-term care needs. If you are still unable to pay for your care even after Government subsidies and other means of support, there are other forms of assistance such as MediFund and ComCare.

The Government will continue to review the healthcare financing framework, including MediSave withdrawal limits, regularly to ensure that basic long-term care costs remain affordable for Singaporeans.


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