If I develop severe disability, can I withdraw up to $200 per month from my own MediSave and another $200 from my spouse’s MediSave under MediSave Care?
If you are eligible for MediSave Care, you can only withdraw up to a combined total of $200 per month from your own and/or your spouse’s MediSave.
Example
- Husband applies to withdraw $200 monthly from his own MediSave. That is the maximum withdrawal limit allowed from his own and/or his spouse’s MediSave.
- If the husband has $12,000 in his MediSave, he can withdraw $100 monthly from his own MediSave. If his wife’s MediSave balance is at least $10,000, he can apply to withdraw an additional $100 monthly from her MediSave, totalling $200 per month in MediSave Care withdrawals.
MediSave Balances and corresponding Monthly Withdrawal Quantum
|
MediSave Balance |
Monthly Withdrawal Quantum |
|
$20,000 and above |
$200 |
|
$15,000 and above |
$150 |
|
$10,000 and above |
$100 |
|
$5,000 and above |
$50 |
|
Below $5,000 |
Nil ($0) |
This information is sourced from CPF
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