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Can I use Child Development Account (CDA) funds to pay for my child's insurance or insurance rider?

Updated by MSF
The CDA can be used for your child's Medisave-Approved Integrated Shield plans. Parents can authorise an Approved Institution (AI) to directly deduct CDAs to pay for Medisave-Approved Integrated Shield plans, through Interbank GIRO. Currently, only Great Eastern Life (GE) is an Approved Institution (AI). If you wish to purchase Medisave-Approved Integrated Shield plans from other private insurers, you may pay for these plans in cash first and apply for reimbursement from the CDA thereafter by submitting the supporting documents at through go.gov.sg/contact-bb. Do note that riders are not part of the Integrated Shield Plans and do not meet the Ministry of Health (MOH)'s requirements to be Medisave-payable. Thus, to be in line with rules for use of Medisave for healthcare insurance, the CDA cannot be used for riders.

Topics:

Baby Bonus (BB)Baby Bonus Scheme

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