What do I need to do to receive the matching grant under the Matched MediSave Scheme?
To receive the matching grant under the Matched MediSave Scheme (MMSS), simply make a cash top-up to your MediSave Account (MA) by 31 Dec of the year of eligibility.
You can top up any amount using PayNow. Top-ups can be made by anyone, including yourself or your loved ones.
|
Your cash top-up |
Matching grant from the Government (following year) |
Total increase in your healthcare savings |
|
$2,000 in a lump sum |
Capped at $1,000 |
$3,000 ($2,000 + $1,000) |
|
$100 monthly for 6 months = $600 |
$600 |
$1,200 ($600 + $600) |
The matching grant will be credited to your MA at the beginning of the following year. Top-ups that attract MMSS matching grant will not qualify for tax relief.
For more information on how to make a cash top-up to MediSave Account, you may refer to this FAQ.
This information is sourced from CPF
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