Pioneer Generation to receive $180 million of Medisave top-ups in 2017

Some $180 million in Medisave top-ups will be disbursed this year as part of the Pioneer Generation Package.
Some $180 million in Medisave top-ups will be disbursed this year as part of the Pioneer Generation Package. PHOTO: ST FILE

SINGAPORE - Some $180 million in the form of Medisave top-ups will be disbursed this year as part of the Pioneer Generation (PG) Package, the Ministry of Finance (MOF) said on Monday (June 12).

Pioneers will receive letters informing them of the top-ups in the coming week, MOF added.

The top-up amount ranges from $200 to $800 annually for life.

Those aged 83 and above in 2017 will get the maximum amount of $800, while those aged from 68 to 72 get the minimum of $200.

This is the fourth year pioneers are receiving their Medisave top-ups, which started in 2014.

The top-ups are in addition to the Medisave top-ups for Singaporeans aged 65 and above in 2017 under the GST Voucher Scheme.

For instance, an older pioneer who is 85 this year who lives in an HDB flat and does not own a second property will receive a total of $1,250 in Medisave top-ups: $800 from the PG Medisave top-up and $450 from the GST Voucher - Medisave.

The top-ups can be used to pay for Medishield Life premiums and other Medisave-approved insurance plans, hospitalisation, day surgery and certain approved outpatient treatment such as renal dialysis, chemotherapy and certain chronic diseases.