What is the Medisave Grant for Newborns?
The Medisave Grant for Newborns (MGN) has been introduced by the government to help parents take care of the healthcare needs and expenses of their children. The primary purpose of this grant is to ensure that children have sufficient Medisave savings to make payments on their MediShield Life premiums starting from their birth and up to 21 years of age.
The money from this grant can be used to cover a wide range of healthcare expenses including MediShield Life premiums for children, childhood vaccinations recommended by doctors, outpatient treatments approved by doctors and other hospitalization charges.
Who is eligible for the Medisave Grant for Newborns?
All Singapore Citizen newborns are eligible for the Medisave Grant for Newborns. The amount for the grant has been increased from S$3,000 to S$4,000 for ALL newborns who are born on or after January 1, 2015 OR have an EDD (Estimated Date of Delivery) on or after January 1, 2015.
Children who are born to married couples, adopted children and children who are born to unwed or divorced mothers are eligible for the MGN scheme.
Children who are Permanent Residents or foreigners will not be eligible for the MGN scheme.
If the parents of an eligible child divorce, the child does not have to return the grant money.
If your child is not a Singaporean Citizen when born –
Your child will still be eligible for MGN, however the amount of the grant will be determined on the basis of when your child became a Singaporean Citizen. You will be notified by the CPF Board regarding the applicable amount your child will receive under this grant starting from March 2016.
What if the EDD of your child was after January 1, 2015 but was born prior to this date?
Under such circumstances, you must write to the CPF Board and provide the following documents:
- Your doctor’s certificate copy with the EDD of your child. This certificate should include the following details:
- The EDD.
- The name and NRIC of the mother.
- The clinic’s name.
- Signature of the doctor.
- Your child’s birth certificate.
- NRIC/Passport of you and your spouse (both parents).
Should you apply for the Medisave Grant for Newborns after the birth of child?
No, there is no need for you to apply for this grant. If your child is eligible for the Medisave Grant for Newborns, he/she will receive the grant after their birth registration automatically. Once the grant money has been deposited into their Medisave Account, both parents will be notified with a letter regarding the same.
If your child is not born in Singapore, you have to register their birth with ICA (Immigration and Checkpoints Authority) directly. As an alternative, you can also register through Singapore Mission Overseas.
If your child is eligible for the grant but you do not receive the grant, then you have to directly contact the CPF Board to register.
When will your newborn receive the grant money under the MGN scheme?
If your child is eligible to receive the enhanced MGN of S$4,000, the same will be paid out starting March 2016.
If your child is eligible for the increased MGN, he/she will receive S$3,000.
The eligible amount will be credited into your child’s Medisave Account approximately 2 months after you have registered their birth. Once the amount has been deposited into your child’s MA, the CPF Board will send you a notification letter confirming the same.
Can the grant money be withdrawn under the MGN scheme?
Once the grant money has been deposited into your child’s MA, the same cannot be withdrawn by you or your child. The purpose of this grant is to cover the healthcare needs and expenses of your child as he/she grows up. The money can only be used to cover health care bills and expenses such as MediShield Life premiums for the children, childhood vaccinations recommended by doctors, outpatient treatments approved by doctors and other hospitalization charges.
How to use the grant money obtained from the Medisave Grant for Newborns wisely
You can use the grant money obtained from MGN in various ways:
- Purchasing MediShield Life – This scheme is a basic health insurance which provides lifetime cover to all Singaporeans.
- Paying for medical expenses - pay for hospitalization expense, approved outpatient treatments and day surgeries, vaccinations on National Childhood Immunization Programme.
- Integrated Shield Plan premiums – Including Aviva MyShield, NTUC Incomeshield, Prudential PruShield etc. What you must know about these plans are that they provide coverage for high wards and are typically used for expenses in private hospitals. Due to the kind of coverage they provide, using the savings in your child’s MA will deplete the account far more quickly than when purchasing other basic plans. Hence, seek coverage under Integrated Shield Plans only if you can afford it.
Checking your child’s balance in the Medisave Account
If you want to check the balance in your child’s Medisave Account, you have to contact the CPF Board. You can do so by calling on the CPF Board Number or visit the official CPF website and check the balance.
CPF Annual Report 2015 on Medisave Grant for Newborns
Under the Medisave Grant for Newborns in 2015, 32,627 newborns had received grant amount totaling S$106.3 million.
You should never compromise on the healthcare needs of your newborn. In helping you take care of them better, the government has introduced this scheme where the money from the grant will be directly deposited into the Medisave Account of your newborn child.