Medisave
From Infogalactic: the planetary knowledge core
Medisave (Chinese: 保健储蓄) was introduced in April 1984 as a national medical savings account system for Singaporeans. The system allows Singaporeans to put aside part of their income into a Medisave account to meet future personal or immediate family's hospitalization, day surgery and for certain outpatient expenses.
Under this system, Singaporean employees contributes 6.5-9.0% (depending on age group) of their monthly salaries to a personal Medisave account. The savings can be withdrawn to pay the hospital bills of the account holder and immediate family members.
See also
External links
- Ministry of Health: Medisave Scheme.
- http://www.moh.gov.sg/content/moh_web/home/costs_and_financing/schemes_subsidies/medisave.html
- http://mycpf.cpf.gov.sg/CPF/my-cpf/Healthcare/PvdHC3.htm
- https://www.iras.gov.sg/irasHome/page04.aspx?id=1260
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