Total Amount of Medisave Contributions Belonging to Pensioners under Their Respective Pension Schemes

Mr Png Eng Huat asked the Minister for Health (a) what is the total amount of Medisave contributions residing under each group of pensioners under the Fixed Amount on Ward (FAW), Co-payment on Ward (CPW), Comprehensive Co-payment Scheme (CCS) and Medisave-cum-Subsidised Outpatient (MSO) schemes respectively; and (b) what the number of Medisave transactions registered in the past 12 months for each of the above pension schemes.

Mr Gan Kim Yong: Government pensioners receive one of the four Post-Retirement Medical Benefits: Fixed Amount on Ward (FAW), Co-payment on Ward (CPW), Comprehensive Co-payment Scheme (CCS) and Medisave-cum-Subsidised Outpatient (MSO) scheme.

FAW pensioners are entitled to comprehensive medical benefits at government healthcare institutions, and hence not required to set aside any Medisave. CPW pensioners only need to set aside 30% of their cohort’s applicable Basic Healthcare Sum (BHS). The average Medisave balance of CPW pensioners is $15,700. CCS and MSO pensioners are subject to their cohort's applicable BHS. The average Medisave balances are $47,400 and $43,300 for each pensioner under the CCS and MSO schemes respectively.

On average, CPW, CCS and MSO pensioners made 1, 2 and 3 transactions per person respectively in 2016.