Up to $1,200 in MediSave top-ups for Pioneer Generation Singaporeans in July
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About 300,000 Pioneer Generation Singaporeans will receive MediSave top-ups amounting to over $160 million in July.In a statement released on Monday (June 16), the Ministry of Finance (MOF) announced that the annual Pioneer Generation MediSave top-ups are proUp to $1,200 in MediSave top-ups for Pioneer Generation Singaporeans in July
About 300,000 Pioneer Generation Singaporeans will receive MediSave top-ups amounting to over $160 million in July.In a statement released on Monday (June 16), the Ministry of Finance (MOF) announced that the annual Pioneer Generation MediSave top-ups are provided on top of the regular GST Voucher for eligible Singaporeans aged 65 and above.Eligible Pioneers will receive enhanced annual top-ups ranging from $300 to $1,200 in July, up from $250 to $900 in 2024.Older Pioneers born in 1939 or earlier with serious pre-existing conditions will also receive additional top-ups of $50 or $200 to help cover higher MediShield Life premiums.«Pioneers born earlier generally receive larger MediSave top-ups as they typically have less savings than younger members of the generation and may need more support with their annual health insurance premiums,» the ministry said. The top-up will be automatically credited to the CPF MediSave Accounts of eligible Pioneers.MediSave funds can be used to pay premiums for MediShield Life, CareShield Life, ElderShield, and other MediSave-approved insurance plans. Read more
