Annual Adjustments to MediSave Withdrawal Limits In Line with Inflation in Healthcare Costs

Ms Hazel Poa asked the Minister for Health whether MediSave withdrawal limits can be adjusted every year in line with any inflation of healthcare costs, similar to the way the CPF Basic Retirement Sum and Full Retirement Sum are adjusted every year to take into account inflation.

There are various features of MediSave that are salient to Singaporeans. A key one is MediSave withdrawal limits for co-payment of hospital bills, which are reviewed as part of our review of the MediShield Life scheme. As this is a holistic review, it is typically done once every three years.

Other MediSave features, such as Flexi-MediSave, are also reviewed periodically. This approach is favoured over automatic annual adjustments, to better account for other healthcare financing adjustments and enhancements that are continuously being implemented.