Why is there a need to set aside the MediSave balance of at least $5,000 to be eligible for MediSave Care?
MediSave is primarily designed to help Singapore Citizens and Permanent Residents put aside sufficient savings for their hospitalisation expenses and selected outpatient treatments such as cancer treatments that are more expensive in nature.
The minimum MediSave balance of $5,000 set aside by MediSave Care is to help individuals maintain some savings to pay for their other healthcare bills.
This information is sourced from MOH
Related questions
What if I have insufficient MediSave balances for my healthcare and long-term care expenses?
Do I need to submit/check/reveal my and/or my spouse’s MediSave balances before submitting an application for MediSave Care?
Why do I need to set aside a minimum MediSave Account balance of $5,000 to be eligible for MediSave Care?
Are Singaporeans who are residing overseas eligible for MediSave Care?
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