25 February 2013 22:29
Singapore Budget 2013

Singapore Budget 2013 - More help in healthcare

More help in healthcare (© Photo: Ministry of Finance)
  • Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam
  • Measures to cope with rising cost of living
  • Higher income cap & bigger payouts for Workfare scheme
  • More help in healthcare (© Photo: Ministry of Finance)
  • More cash assistance & higher allowance for pensioners
  • Lower concessionary FDW levy
  • More progressive tax structure for properties & cars
  • Increased spending on pre-school sector (© Photo: Ministry of Finance)
Photo: Ministry of FinanceShow Thumbnails
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More help in healthcare

The government will do more to help Singaporeans reduce their out-of-pocket share of medical costs.

There will be a S$200 top-up to the CPF Medisave accounts of all Singaporeans aged 45 and above.

Medifund will be topped up by S$1 billion to S$4 billion, while the ElderCare Fund will be topped up by S$250 million to S$3 billion to support patients who want to tap into subsidised nursing homes and other long-term care services.

The Senior’s Mobility Fund will also be expanded to the Senior’s Mobility and Enabling Fund. Its funds will be boosted from the current S$10 million to S$50 million.

This means that subsidies of up to 80 per cent will be provided to help the lower-income elderly defray costs.

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