Updated: 02/26/2013 01:50

More help in healthcare with Medisave top-up & more funds in Medifund & Eldercare Fund



More help in healthcare with Medisave top-up & more funds in Medifund & Eldercare Fund

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

It will also broaden insurance coverage by expanding risk-pooling as a society.

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

Medifund will be topped up by $1 billion, bringing the fund size to $4 billion.

The ElderCare Fund will be topped up by $250 million to $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 $10 million to $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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