Meeting Your Healthcare Needs
Your monthly contributions to your Medisave Account help you build up savings for your healthcare needs. Medisave can be used to pay for your own or your dependant(s)' hospitalisation expenses. It can also be used for certain outpatient treatments like chemotherapy and radiotherapy treatments.
You can also use your Medisave savings to pay the premiums for MediShield or private medical insurance plans under the Private Medical Insurance Scheme (PMIS). These are catastrophic medical insurance schemes for you and your dependants. They help to defray the high medical costs of prolonged or serious illnesses. For older CPF members, there is ElderShield, an affordable severe disability insurance scheme that provides insurance coverage to those who require long-term care.
To ensure that all Singaporeans have access to medical care, Medifund is available to help the poor and needy with their medical bills.
Source:
CPF Board