SINGAPORE: About 300, 000 Pioneer Generation seniors will receive MediSave top- ups amounting to a total of more than S$ 150 million ( US$ 111 million ) next month, the Ministry of Finance ( MOF ) said on Friday ( Jun 7 ).
The MediSave top-ups are provided in addition to the yearly GST Voucher-MediSave top-ups given to qualified Singapore aged 65 and older.
MediSave can be used to give the premiums for MediShield Life, CareShield Life, ElderShield and another MediSave- approved plan plans, as well as medical expenses for as hospitalisation, time surgeries and selected ambulatory treatments.
Eligible Pioneer Generation elders receive leading- downs of S$ 250 to S$ 900 each month, said MOF.
But older seniors- aged 85 years and above in 2024- who have severe pre- existing conditions does get farther top- ups of S$ 50 to S$ 200 per year from 2021 to 2025 to assist pay their MediShield Life premiums, the Finance Ministry added.