Data on CPF LIFE Monthly Payout Recipients Aged 65 and above Paying Premiums in Cash Due to Insufficient MediSave Funds
Ministry of HealthSpeakers
Transcript
14 Mr Dennis Tan Lip Fong asked the Coordinating Minister for Social Policies and Minister for Health (a) what is the number of Singapore citizens aged 65 and above who are currently receiving CPF LIFE monthly payouts and who need to pay their annual premiums for national health insurance schemes in cash due to insufficient MediSave funds; and (b) of this, how many are paying amounts that exceed 50% of their annual CPF LIFE payouts.
Mr Ong Ye Kung: The Ministry of Health does not track the data requested by the Member. However, we expect most seniors receiving the Central Provident Fund Lifelong Income For the Elderly payouts to have also accumulated a healthy MediSave balance, which can be used for their national health insurance annual premiums.
In addition, the Government provides support to keep premiums affordable, including premium subsidies for the lower- to middle-income, subsidies and MediSave top-ups for Pioneer Generation seniors, and additional support for Merdeka Generation seniors' premiums.
The Government will continue to assure Singaporeans that no one will lose their MediShield Life and CareShield Life coverage due to financial difficulties.