A total of $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 said yesterday that pioneers will receive letters informing them of the top-ups in the coming week.
The top-up amount ranges from $200 to $800 annually for life.
Those aged 83 and above this year will get the maximum amount of $800, while those aged from 68 to 72 will receive the minimum of $200.
This is the fourth year pioneers are receiving their Medisave top-ups. The top-ups are in addition to the Medisave top-ups for Singaporeans aged 65 and above this year under the GST Voucher Scheme.
For instance, an 85-year-old pioneer 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 treatments such as renal dialysis and chemotherapy, and treatments for certain chronic diseases.
A total of $190 million was disbursed for Medisave top-ups for pioneers last year, and $202 million the year before.