Rahayu Mahzam on MediSave balances at point of death
For Singaporeans who died aged 85 or older between 2017 and 2021, about two in 10 had S$1,000 or less left in their MediSave accounts. Five in 10 had between S$1,000 and S$10,000, and one in 10 had between S$10,000 and S$20,000, S$20,000 and S$30,000 and more than S$30,000 left in their MediSave accounts at the point of death. Senior Parliamentary Secretary for Health Rahayu Mahzam shared these figures in her reply to an MP’s question in Parliament on Monday (Feb 27). On whether larger MediSave deductions may be allowed, she stated that lump-sum withdrawals from MediSave can be done for those who are terminally ill, and that MediSave has also been expanded to allow the elderly more flexibility to use it for their healthcare needs.
For Singaporeans who died aged 85 or older between 2017 and 2021, about two in 10 had S$1,000 or less left in their MediSave accounts. Five in 10 had between S$1,000 and S$10,000, and one in 10 had between S$10,000 and S$20,000, S$20,000 and S$30,000 and more than S$30,000 left in their MediSave accounts at the point of death. Senior Parliamentary Secretary for Health Rahayu Mahzam shared these figures in her reply to an MP’s question in Parliament on Monday (Feb 27). On whether larger MediSave deductions may be allowed, she stated that lump-sum withdrawals from MediSave can be done for those who are terminally ill, and that MediSave has also been expanded to allow the elderly more flexibility to use it for their healthcare needs.
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