MediSave Grant for Newborns: Who Qualifies and What You Get
Learn how the MediSave Grant for Newborns provides a financial boost to help cover your child's future healthcare needs in Singapore.
This scheme provides a one-time financial boost to help cover the future medical expenses of a newborn child.
Who it's for
This grant is available to all Singaporean newborns. If your child is a Singaporean citizen at birth, they are eligible for this support to help build up their personal medical savings.
What you get
A total of $4,000 will be deposited into the child's MediSave account. MediSave is a personal medical savings account used to pay for various healthcare expenses. This deposit is intended to provide a foundation for the child's medical needs as they grow.
What it costs you
There is no direct cost to you to receive this grant. The process is designed to be seamless, as the funds are auto-credited to the child's account upon the official registration of the birth. You do not need to make a manual payment or provide additional funds to trigger the deposit.
The catch to know
It is important to understand how these funds can be utilized. The money in the account can be used to pay for MediShield Life premiums, which is the national health insurance scheme intended to cover large medical bills.
How to apply
- Complete the official birth registration process for your newborn.
- Ensure the child's citizenship status is correctly recorded as Singaporean.
- Monitor the child's MediSave account to confirm the automatic credit has been applied.
- For more details or to check account status, visit the official portal.