More FAQs
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How will I know if I am eligible for the 2024 MediSave Bonus?
You can check your eligibility by logging in to the e-services with your Singpass.
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Can I withdraw my 2024 MediSave Bonus?
The 2024 MediSave Bonus credited to your CPF MediSave Account will form part of your CPF monies and will be subjected to CPF withdrawal rules.
MediSave can be used to pay for your own or your immediate family members’ hospitalisation expenses, incurred at any of the participating medical institutions under the MediSave Scheme.
MediSave can also be used to pay for day surgeries and approved outpatient treatments listed on the CPF website.
Why is the 2024 MediSave Bonus paid to CPF accounts and not in cash?
As the 2024 MediSave Bonus is meant to help Singapore citizens with their healthcare needs, the benefits are paid to the CPF accounts and will grow with interest to boost their healthcare savings.
How will I know if the 2024 MediSave Bonus has been credited to my CPF account?
We'll send an SMS (with no web links) to your Singpass-registered mobile number when the MediSave bonus is credited. You can also check your CPF MediSave transaction history at cpf.gov.sg (log in using your Singpass > My CPF > My Statements > Transaction history).
If you need to update your mobile number, please log in to your Singpass account. If you do not have a Singpass-registered mobile number, we'll send a letter to the residential address shown on your NRIC.
I have recently obtained Singapore citizenship in 2024. Am I eligible for the 2024 MediSave Bonus (MSB)?
If you became a citizen between 1 January 2024 and 31 December 2024, please write in to us for an eligibility assessment.
How much will I receive if I stay in a rented property?
The amount of 2024 MediSave Bonus you receive depends on the Annual Value (AV) of your place of residence as stated on your NRIC as at 31 Dec 2023, regardless of whether you own or rent the property.
If I own more than one property, will I be eligible for the 2024 MediSave Bonus?
Those who own more than one property will be eligible for the 2024 MediSave Bonus. Such properties may include shophouses, private residential properties or non-residential properties such as commercial or industrial properties.
I am residing overseas. Am I eligible for the 2024 MediSave Bonus?
You are eligible to receive the 2024 MediSave Bonus if you are residing overseas. As overseas properties are not assessed for property tax, the amount of 2024 MediSave Bonus you receive will be determined based on a deemed AV of more than $25,000.
If a beneficiary passes away before the payment of the 2024 MediSave Bonus is made, will he/she still qualify?
No. The 2024 MediSave Bonus is only paid out to living Singapore citizens.