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Monday, 18 February 2019

Merdeka Generation Package: What you need to know

1. S$100 TOP-UP TO PASSION SILVER CARDS

Seniors will get a one-time S$100 top-up to their PAssion Silver cards. This can be used to pay for activities and facilities at community clubs, entry to public swimming pools and public transport, among other things.

2. MEDISAVE TOP-UPS

Starting this year, Merdeka Generation seniors will get a MediSave top-up of S$200 every year for five years until 2023, to help them save more for healthcare needs.

3. ADDITIONAL OUTPATIENT CARE SUBSIDIES, FOR LIFE

Special Community Health Assist Scheme (CHAS) subsidies will be available for package recipients, geared towards common illnesses, chronic conditions and dental procedures. All Merdeka Generation seniors will receive these regardless of income, including those without a CHAS card at the moment.

They will also get an additional 25 per cent off subsidised bills at polyclinics and public specialist outpatient clinics.

4. ADDITIONAL MEDISHIELD LIFE PREMIUM SUBSIDIES

Also for life. 

These subsidies will start from 5 per cent of MediShield Life premiums and increase to 10 per cent after seniors hit the age of 75.

This translates to a discount of between S$31.50 and S$918, depending on the premium amount.

5. ANOTHER “PARTICIPATION INCENTIVE” TO JOIN CARESHIELD LIFE

Seniors who join CareShield Life will get an extra S$1,500 (when the scheme becomes available for existing cohorts in 2021).

This is on top of a previously announced S$2,500 sum, meaning that all Merdeka Generation seniors who join the scheme will end up getting S$4,000 of participation incentives.

Read more at https://www.channelnewsasia.com/news/singapore/merdeka-generation-package-what-you-need-to-know-budget-2019-11253480

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