As part of the Singapore government’s Medisave scheme, every Singaporean/PR is required to keep aside a certain part of their income in a dedicated account to meet their future healthcare requirements. That account is referred to as the CPF Medisave Account (MA). It is one of the three accounts that make up your Central Provident Fund (CPF); the other two being the Ordinary Account (OA) and the Special Account (SA).
The amount you contribute to MA every month depends on your age and your monthly salary. In case of self-employed individuals, Net Trade Income and age are considered for the computation of Medisave contributions. Read on to understand how it works for salaried individuals and self-employed individuals.
Medisave for Salaried Persons
Every month, a certain amount is deducted from your salary before it is credited to your account. That amount is deposited in your CPF accounts – OA, SA, and MA. But the actual amount deposited in your three CPF accounts includes your share as well as your employer’s share. Take a look at the table below to understand how much amount is contributed by you and by your employer.
|Your age (in years)||CPF Contribution - employer’s share
(% of salary)
|CPF Contribution – employee share
(% of salary)
|Total (% of salary)|
|Up to 55||17||20||37|
|Between 55 and 60||13||13||26|
|Between 60 and 65||9||7.5||16.5|
As you can see from the table above, a certain percentage of your salary is contributed to your CPF accounts every month, which includes your share as well your employer’s share. If your monthly salary is S$5,000 and you are 35 years old, your contribution to CPF accounts would be S$1,000 (20% of S$5,000) and your employer’s contribution would be S$850 (17% of S$5,000).
Also, if you notice the pattern, you will realise that as your age increases, your employer’s contribution to your CPF accounts increases, in comparison to your contribution. Now, let’s understand how much of this money goes into your Medisave Account.
Allocation of Funds to MA
|CPF Allocation (for individuals with monthly salary of S$750 and above)|
(% of employee’s salary)
(% of employee’s salary)
(% of employee’s salary)
|35 and below||8||23||6|
|Between 35 and 45||9||21||7|
|Between 45 and 50||10||19||8|
|Between 50 and 55||10.5||15||11.5|
|Between 55 and 60||10.5||12||3.5|
|Between 60 and 65||10.5||3.5||2.5|
An illustration: Imagine you are 40 years old and your monthly salary is S$5,000. So, you will contribute S$1,000 (20% of S$5,000) and your employer will contribute S$850 (17% of S$5,000). The total amount contributed to your CPF accounts would be: S$1,850.
Now, S$1,850 will be divided among the three CPF accounts. Based on your age (40 years in this case), S$450 (9% of S$5,000) will be deposited in your MA, S$1,050 (21% of S$5,000) in your OA, and S$350 (7% of S$5,000) in your SA.
Medisave for Self-Employed Persons
If you are someone with your own business and have a net trading income of over S$6,000 per annum, it’s compulsory for you to contribute to MA. Net trading income is calculated as your gross trading income minus certain business expenses, trade losses, and capital allowances.
However, unlike the salaried individuals who have to contribute to MA every month, self-employed individuals have to make the contribution after the IRAS prepares a Notice of Computation that states the amount of Medisave payable.
Take a look at the table below to understand MA contribution rates for self-employed.
|Age (as on 1 Jan)||Net Trading Income|
|S$6,001 to S$12,000||S$12,001 to S$18,000||More than S$18,000|
|Below 35 years||4%||4% - 8%||8%|
|Between 35 and 45 years||4.5%||4.5% - 9%||9%|
|Between 45 and 50 years||5%||5% - 10%||10%|
|50 years and above||5.25%||5.25% - 10.5%||10.5%|
How to Use Medisave
You can use your Medisave funds at all public healthcare institutes and at certain private healthcare institutes. You can check out the complete list of approved hospitals here.
Medisave Withdrawal Limits
Depending on the type of treatment you are taking, there is a limit on how much amount you can withdraw from your Medisave Account. Check out the tables below for Medisave withdrawal limits for different types of treatments.
|Inpatient hospitalisation||S$450 a day plus surgical limits as per Table of Surgical Procedures|
|Inpatient hospitalisation (psychiatric treatment)||S$150 a day, subject to a maximum of S$5,000 a year|
|Day surgeries - approved||S$300 a day plus surgical limits as per Table of Surgical Procedures|
|Day rehab centres||S$25 a day, subject to a maximum of S$1,500 a year|
|Approved community hospital stay||S$250 a day, subject to a maximum of S$5,000 a year|
|Approved convalescent hospital stay||S$50 a day, subject to a maximum of S$3,000 a year|
|Approved hospices stay||S$200 a day|
|Day hospice/home palliative care||Lifetime limit of S$2,500 for each patient – shared between day hospice and home palliative care.|
|Chronic conditions (approved)|
|Diabetes||S$400 a year for each Medisave Account. Co-payment of 15% applies.|
|Benign prostatic hyperplasia|
|Vaccination for Hepatitis B||S$400 a year for each Medisave Account|
|Pneumococcal vaccinations (children below 5 years)|
|HPV vaccinations (females of age 9 to 26 years)|
|Tuberculosis, Pertussis & Tetanus, Poliomyelitis, Haemophilus Influenza Type B, Mumps and Rubella, and Measles|
|Pneumococcal and influenza vaccinations (for those exposed to risk of developing complications related to influenza and pneumococcal disease)|
|Approved health screening|
|Mammogram screening (females aged at least 50 years)||S$400 a year for each Medisave Account|
|Hearing test, thyroid test, metabolic screening, and G6P deficiency test for newborns|
|Flexi-Medisave (seniors of age 65 years or above)||Up to S$200 a year for each patient. Either the patient’s or the spouse’s Medisave Account can be used|
|Cancer-related scans and diagnostics||Up to S$600 a year for each patient|
|Outpatient scans for treatment/diagnosis of a medical condition||Up to S$300 a year for each patient|
|Assisted conception procedures||
|Renal dialysis||S$450 per month for each patient. If the patient is above 18 years, only his/her MA can be used.|
|Chemotherapy||S$1,200 a month for each patient|
|Anti-retroviral drugs related to HIV treatment||S$550 a month. If the patient is above 18 years, only his/her MA can be used|
|Hyperbaric oxygen therapy||S$100 for each treatment|
|Blood transfusion and desferrioxamine drug for thalassaemia treatment||S$350 a month for each patient|
|IV antibiotic treatment (outpatient)||S$600 for every weekly cycle, subject to a maximum of S$2,400 per year|
|Oxygen therapy device rental (long term) and continuous positive airway pressure therapy for infants||S$75 a month for each patient|
|Immuno-suppressant drugs related to organ transplant||S$300 a month for each patient|
|Bone marrow transplant (outpatient)||S$2,800 a year for each patient|
Who Can Use Your Medisave?
It can be used for yourself as well as for your parents, spouse, children, and grandparents. The nationality is not a concern except when it comes to grandparents. Your grandparents must be Singaporeans/PRs, if you are planning to use your Medisave funds for their treatment.
How to Transfer Money from OA to MA?
If you are falling short of your Basic Healthcare Sum (BHS) – the estimated amount of savings required for subsidised healthcare in Singapore – you have the option of transferring the funds from your Ordinary or Special Account to your Medisave Account.
To be eligible to transfer the funds, you must be aged at least 55 years with Basic Retirement Sum or Full Retirement Sum and enough property pledge in your Retirement Account.
If you wish to, you can also transfer funds from your OA or SA to the MA of your loved ones who are at least 55 years old.
There are certain things that you must consider when you transfer the funds to your or to your loved one’s MA:
- There is no tax relief for such fund transfers.
- Funds transferred once cannot be transferred back to the original account.
- Self-employed individuals are not allowed to use the transferred funds for paying outstanding Medisave dues.
How to Use MA Balance to Pay Medical Bills
Medical Claims Authorisation Form
In the event you are hospitalised and you wish to use your Medisave funds to pay your bills, you will have to inform the hospital authorities about the same during the billing or when the patient is getting discharged.
You will also have to sign a Medical Claims Authorisation Form to authorise the medical institution to use your MA funds to pay your bill. Once the payment is processed, you will receive a confirmation/claims statement from the CPF Board.
You can download the form from the website of the Ministry of Health, Singapore.
What Happens if You Do Not Have Sufficient Medisave Savings to Pay Your Medical Bills
If your Medisave savings are not enough to cover your hospital bills, you can pay the excess amount in cash or through a family member’s MA. There are certain things you need to keep in mind:
- When using Medisave of an immediate family member: Total amount you can use from all the Medisave accounts can’t exceed the withdrawal limit that applies to your treatment.
- When using Medisave of a non-immediate family member: Applies only to the treatments taken in B2/C wards in a public hospital. To check your eligibility, you can consult the hospital staff.
Q. Is there any administrative charge for using Medisave funds for paying hospital bills?
A. No, the CPF Board doesn’t charge any administrative fee when you use your Medisave for paying hospital bills.
Q. Does Medisave cover cosmetic surgeries?
A. No, Medisave usually doesn’t cover any cosmetic surgery. However, you can still confirm your case with the CPF Board by calling them or by writing an email.
Q. What all can Medisave savings be used for?
A. You can use your Medisave funds for the following:
- Payment of your medical bills.
- Payment of your or your family members’ premium for Medishield Life, Integrated Shield Plan, and ElderShield.
Q. Am I allowed to use my Medisave funds to fully pay my medical bills?
A. No, you can only use an amount up to the applicable withdrawal limit. Your Medisave withdrawal limits are determined keeping in mind the treatment charges in a B2/C wards at a public hospital. However, if you wish to take the treatment in a better ward or in a private hospital, you will have to pay the excess amount in cash.
Q. I am a foreigner. Am I allowed to use my Medisave savings for paying my hospital bills?
A. Yes, you can use the funds in your Medisave Account to pay for an approved treatment in any participating medical institute.
Q. Do I earn interest on my Medisave savings?
A. If you don’t use your Medisave savings, you will earn an interest of up to 5% p.a.
Q. How to transfer funds from my Ordinary or Special Account to my/family member’s Medisave Account?
A. To transfer the funds, you can submit an online application here. You will need your SingPass Id to log in. The application is processed immediately when submitted online.
Alternatively, you can mail the completed form to the CPF Board at their Robinson Road address. This way, your application will be processed within 10 days.
Q. Is there a limit on how much I can transfer to a Medisave Account?
A. If you are transferring the funds to your own Medisave Account, the maximum amount you can transfer would be the lower of your available balance in OA/SA and the difference between BHS and your MA balance.