1. MediSave limits for hospitalisation & surgery
Sorry, but you cannot use your MediSave to pay for that GP visit you made in order to get an MC. If you get hospitalised or have to undergo day surgery, however, you will be able to use MediSave to pay.
Two types of MediSave limits apply: (a) daily hospital limits (which only apply to hospital charges excluding surgery) and (b) surgical limits (only apply to surgery). So if you get hospitalised and undergo surgery, you can claim up to two different limits.
(a) MediSave limits for hospital charges
Type of hospital stay
Inpatient episodes
A lot has changed in the past year, but the upcoming changes to the government’s health insurance scheme, MediShield Life, might have gotten lost in the noise. While the system has undergone little tweaks every now and then, in early 2021 there will be a major review of the MediShield Life scheme which also means significant premium hikes! Since.
Integrated Shield Plans to cover hospitalisation due to COVID-19 vaccine complications Toggle share menu
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Integrated Shield Plans to cover hospitalisation due to COVID-19 vaccine complications
A healthcare worker prepares to administer a dose of the COVID-19 vaccine during a vaccination exercise at the National Centre for Infectious Diseases (NCID) in Singapore on Dec 30, 2020. (Photo: Reuters/Lee Jia Wen, Ministry of Communications and Information, handout)
25 Jan 2021 11:46AM (Updated:
25 Jan 2021 02:14PM) Share this content
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SINGAPORE: All seven insurers offering Integrated Shield Plans are extending coverage to include hospitalisation resulting from COVID-19 vaccination complications, the Life Insurance Association, Singapore (LIA Singapore), announced on Monday (Jan 25).
Benefits of MediSave Account top up
If you have not yet hit the BHS, doing a voluntary cash top up to your MediSave Account provides two benefits:
Benefit 1: Enjoy a risk-free 4 per cent p.a. interest rate on your MA savings
Benefit 2: Income tax relief at your marginal tax rate (see below table)
Do note that for the income tax relief, your chargeable income is reduced by the amount you topped up. For instance, if you earned $60K a year and you topped up $5K, your tax savings will be equal $5K x 7 per cent.
Maximum limit for MediSave Account top up