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| 1. |
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The requirement to set aside or top-up the Medisave Account is applicable to members aged 55 and above, who
| a. |
Make CPF withdrawals starting from 1 Jan 2004, including members who make subsequent withdrawals, |
| b. |
Meet the CPF Minimum Sum, and |
| c. |
Have less than the Required Amount in their Medisave Accounts | The exceptions are:
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where CPF withdrawals are made on the grounds that a member is physically/mentally incapacitated or found to be of unsound mind, as these members would require their OA and SA savings for their on-going medical treatment. |
| b. |
for members who turned 55 before 1st July 1995. | |
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| 2. |
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The Required Amount for 2008 is $14,000. The Required Amount will increase each year by $2,500 (adjusted for inflation) to reach $25,000 (in 2003 dollars) in 2013. |
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For pensioners, they will be required to set aside or top-up a lower Required Amount, if they meet the CPF Minimum Sum. The amount depends on what type of medical benefit scheme they are under, as follows:
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| Type of Medical Benefit Scheme |
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Applicable Required Amount |
| Fixed Amount on Ward Charges (FAW) |
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0 |
| Co-Payment on Ward Scheme (CPW) |
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Half of the Required Amount |
| Comprehensive Co-Payment Scheme (CCS) |
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Full Required Amount | |
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Note: The topping-up of the Medisave Account is also applicable to pensioners who have been exempted (in full or partially) from CPF Minimum Sum. |
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| 4. |
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You can log on to the CPF website with your SingPass, or call the CPF hotline at 1800-227-1188. |
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