How the scheme works

If you qualify, you can withdraw up to $200 each month from MediSave, depending on the account balance at the point of withdrawal.

Notes:

• The withdrawal amount depends on the care recipient/ spouse’s MediSave Account balance.

  MediSave Balance*	Maximum withdrawal Amount Each Month
  $20,000 and above	$200
  $15,000 and above	$150
  $10,000 and above	$100
  $5,000 and above	$50
  Below $5,000	$0

*MediSave balance at point of monthly withdrawal

• A minimum of $5,000 will need to be set aside in an individual’s MediSave Account to ensure sufficient MediSave for other medical expenses such as MediShield Life premiums or hospitalisations. This amount cannot be withdrawn for MediSave Care.

• If there is not enough in your MediSave balance, you can tap on your spouse’s MediSave to supplement the withdrawal.

• Whether you are drawing from your own MediSave, or drawing from both yours and your spouse’s accounts, the total amount that can be withdrawn each month is $200. For example, if you can only withdraw $150 from your own MediSave, and your spouse’s balance is sufficient, you can withdraw another $50 from your spouse’s account.
  

Click here to read more information about MediSave Care.