YOUR MEDISAVE ACCOUNT (MA): THAT RELIABLE FRIEND THAT’S GOT YOU WHEN YOU’RE DOWN

Your healthcare safety net, ready when you need it. ⋅ 6m read

06 Jun 2026

SOURCE: CPF Board

You know that friend who turns up with a hot drink and listening ear when you’re under-the-weather? That’s your MediSave Account.

Growing your savings at 4% to 5% interest per year, it handles:

Outpatient treatments and hospital stays

Day surgeries and rehab

Chronic condition management

Health Insurance premiums (101: “premiums” are what you pay to be covered by insurance) for:
- MediShield Life

- Additional Health Insurance

MediShield Life: Here for the big ones

MediShield Life is health insurance that covers large hospital bills and selected costly outpatient treatments like cancer drugs and dialysis.

And yes, you’re already covered. Singapore Citizens are covered from birth (your parents probably paid your premiums through their MediSave until you turned 21). Permanent Residents are automatically covered too – no paperwork needed.

Got a condition? No problem – you’re still in. Unlike private health insurance that might reject you for having diabetes, asthma, or any health issues you had before applying, MediShield Life covers everyone regardless.

With MediShield Life and MediSave in place, 9 out of 10 subsidise bills are fully coered without any need for out-of-pocket cash.

Additional Health Insurance: Integrated Shield Plans

If you want extra coverage beyond what MediShield Life offers, you can buy an Integrated Shield Plan (IP).

An IP is an optional private health insurance plan that adds to MediShield Life

It covers optional upgrades like private healthcare and A/B1 wards

Premiums can be partly paid with your MediSave savings. The remainder must be paid in cash.

Interested? Read this for more information CPFB | What to know when buying an Integrated Shield Plan (IP) and compare all available Integrated Shield Plans using the Health Insurance Planner to see what works for your needs.