Overview

As announced at Budget 2024, a one-time MediSave Bonus will be provided to all adult Singaporeans between the ages 21 and 50 (i.e., born in 1974 – 2003), to help offset healthcare costs and build up medical savings for old age.

In October 2024, the MediSave Bonus was enhanced by $200 to provide added assurance for healthcare.

Note: Singaporeans born in 1973 or earlier will benefit from the MediSave Bonus component of the Majulah Package.