Medisave

MediSave, introduced in 1984, is a national medical savings account system in Singapore. By law, all working Singaporeans and permanent residents must contribute 8-10.5% of their income to their MediSave account (MSA) to cover medical expenses for themselves or approved dependents, including hospitalization, day surgery, selected outpatient treatments, and healthcare needs in later years.

MediSave is part of Singapore’s three key healthcare schemes, collectively known as the 3Ms, alongside MediShield and MediFund. Managed by the Central Provident Fund (CPF) under the oversight of the Ministry of Health (MOH), MediSave is designed to encourage personal responsibility in healthcare financing.