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my cpf - Life Events
  Starting Work
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  Providing for your Healthcare Needs
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  Reaching 55
  Managing Your Retirement
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My Cpf - Managing Your Retirement
...Living gracefully

 
My healthcare needs
 
Medisave
 
The Medisave Scheme is a national healthcare savings scheme designed to help members pay for hospitalisation expenses incurred in B2/C class wards in restructured hospitals. Medisave can be used to pay for certain expensive and recurrent outpatient treatments like chemotherapy, radiotherapy and dialysis. You can also use Medisave to pay the medical expenses incurred by yourself or your immediate family members.

The use of Medisave is subject to withdrawal limits that are generally sufficient to pay the charges incurred by a patient staying in a B2/C class ward in a restructured hospital. Thus, if you or your immediate family members wish to stay in a higher class ward or seek treatment from a private hospital, you may have to pay part of the bill in cash. It is therefore important that you choose a ward or medical service which you can afford.

 
MediShield
 
If you or your dependants are currently not insured under any medical insurance, you can consider MediShield. It is catastrophic medical insurance scheme that is affordable. MediShield is designed to help you or your dependants pay larger hospital bills due to long-term medical treatments and charges incurred in B2/C class wards in restructured hospitals. It helps you and your dependants to settle part of the expenses arising from prolonged hospitalisation and certain outpatient treatments for serious illnesses. MediShield complements Medisave savings, helping you stretch your healthcare dollars.

If you are currently not covered under MediShield and would like to be covered, you should apply before you turn 75 years old. The maximum coverage age is 80 years. As with any insurance plan, the acceptance of application for MediShield is subject to good health. Thus, members are required to declare their health conditions when they apply for cover.

Click here to find out more about Medisave and MediShield.

Click here to check if you are covered under MediShield. To apply for MediShield, click here.

Alternatively you may wish to consider other Medisave-approved medical insurance plans under the Private Medical Insurance Scheme (PMIS). You can withdraw up to $660 from your Medisave savings per year to pay the premiums for MediShield, or Private Medical Insurance Scheme (PMIS).

If you wish to stay in a higher class ward or seek treatment from a private hospital, you should get medical insurance that can give you higher benefits. You can apply directly to the private insurers under the Private Medical Insurance Scheme (PMIS) for Medisave-approved medical insurance covers.

Click here for more information on PMIS.

 
ElderShield
 
ElderShield provides you with the financial protection against severe disability during old age. You only need to pay an annual premium until you are 65 and you will be covered for the rest of your life. Alternatively, you may choose to pay a single lump sum premium upon joining the scheme.

Visit the websites of Ministry of Health, NTUC Income and Great Eastern to find out more about the ElderShield Scheme.


 
 Managing Your Retirement

Continuing employment beyond 55
Withdrawing my CPF
What happens to my Minimum Sum?
Medisave Minimum Sum
Protecting my loved ones
Active ageing
What happens if I divorce?
When I am no longer around
 Last Updated on: Friday, September 05, 2008 at 5:32 PM
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