How does the Matched MediSave Scheme compare with the Matched Retirement Savings Scheme?

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The table below outlines the key differences between the Matched MediSave Scheme and the Matched Retirement Savings Scheme.

	Matched Retirement Savings Scheme (MRSS)	Matched MediSave Scheme (MMSS)
What are the top-ups and matching grant used for?	Boost monthly payouts in retirement	Payment of approved healthcare insurance premiums (e.g. MediShield Life and CareShield Life) and approved medical treatments.
Where are my cash top-ups and the government matching grant credited to?	Retirement / Special Account (RA/SA)	MediSave Account (MA)
How much grant can I receive?	Up to $2,000 per year, with a lifetime limit of $20,000	Up to $1,000 per year
Who is eligible? (The following conditions must all be met for the respective scheme)	Singapore Citizens aged 55 and above or verified persons with disabilities aged below 55 RA/SA savings^*# less than current Basic Retirement Sum	Singapore Citizens aged 55-70 (inclusive) MA balances less than 50% of current Basic Healthcare Sum Self-employed persons must have fully settled or be on a monthly instalment plan for your MediSave payable
Average monthly income^# is not more than $4,000 Annual Value of Residence^# not more than $21,000 Owns not more than one property^#
How can eligible members receive the matching grant?	Make cash top up to RA/SA	Make cash top up to MA

The two schemes complement each other to help support the lower-income seniors with their retirement and healthcare needs. For more information about MRSS and MMSS, please refer to cpf.gov.sg/mrss and cpf.gov.sg/mmss respectively.

*RA savings refers to the RA balances (excluding amounts such as interest earned), plus retirement withdrawals and CPF LIFE premium deducted. If you are below 55 or turning 55 in the assessment year and your RA has not been created at the time we assess your eligibility, your total Special Account and Ordinary Account savings will be used for the eligibility assessment instead.

#Previous year’s data is utilised to assess your eligibility as these are the latest data available.

How does the Matched MediSave Scheme compare with the Matched Retirement Savings Scheme?

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