Medisave for 2 more Chronic Disease

With effect from today, people can use Medisave to help pay for outpatient treatment of dementia and bipolar disorder under the Chronic Disease Management Programme (CDMP).

The programme was first introduced in Oct 2006 for diabetes mellitus, hypertension, hyperlipidemia (lipid disorders) and stroke. It was later expanded to include asthma and chronic obstructive pulmonary disease (COPD) in Apr 2008, and on 1 Oct 2009, to schizophrenia and major depression.

This brings the total number of chronic diseases covered under the two schemes to 10.

Patients can withdraw $300 per Medisave account a year, which will be increased to $400 under the new Medisave400 scheme.

You can check the list of participating General Practitioner (GP) Clinics here.

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Ivan Guan is the author of the popular book "FIRE Your Retirement". He is an independent financial adviser with more than a decade of knowledge and experience in providing financial advisory services to both individuals and businesses. He specializes in investment planning and portfolio management for early retirement. His blog provides practical financial tips, strategies and resources to help people achieve financial freedom. Follow his Telegram Channel to join the FIRE community.
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