The Government encourages individuals to review their severe disability insurance coverage carefully to ensure that they have adequate financial protection against severe disability, especially in old age.

Due to the personal savings nature of MediSave, there are no benefits of risk-pooling like CareShield Life, and the withdrawals are constrained by the savings over the working years. The withdrawal limit of $200 under MediSave Care was set to ensure that there would be enough MediSave set aside for other medical purposes such as hospitalisation expenses and selected outpatient treatments which MediSave is primarily designed for.

Government-funded safety nets such as MediFund or ComCare can provide further assistance if you are unable to pay for your care even after Government subsidies and other means of support.

The Government will also review the MediSave withdrawal limits regularly to ensure that basic long-term care costs remain affordable for Singaporeans.

This information is sourced from MOH.