The increase in Medisave withdrawal limits cannot be more timely, especially in downtimes like these.
From 1 June, Singaporeans will be able to withdraw more from Medisave to pay for surgical operations. This will reduce the expenses for all surgical patients, especially for those in Class A, B1 and private hospitals. Up to 300,000 patients are expected to benefit from the change.
Under the revised withdrawal limits, patients can save between S$250 and S$7,500. Currently, patients save between S$150 and S$5,000.
For example, for a knee replacement operation and to stay at a restructured hospital, the total bill could come out to $13,518. But with this new increase limit in place, the patient needs to pay only $5,668 in cash as compared to $7,618 previously. Now, that's a cash savings of $1,950!
Ministry of Health also announced this year that Medisave would be extended to cover home palliative care and non-urgent hospitalisation treatment overseas. We look forward to more favorable changes as our Government copes with Singapore's aging population.
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