Starting January 2026, eligible Singaporeans aged 55 to 70 can receive matching contributions from the government for every dollar voluntarily added to their MediSave accounts, up to $1,000 per year. Over five years participants can accumulate up to $5,000 in matching grants to strengthen their retirement healthcare funds.
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How the Matched MediSave Scheme Works
The Matched MediSave Scheme provides a simple matching mechanism. When a qualifying senior deposits money into their MediSave account, the government adds an equal amount the following year, up to $1,000 annually. For example, a deposit of $800 will be matched with $800, while a deposit of $1,500 will receive a maximum match of $1,000. The scheme runs from 2026 to 2030 and encourages regular contributions. MediSave balances also continue to earn CPF interest rates up to 6 percent, helping savings grow steadily.
Eligibility Criteria for Seniors
No application is required. The CPF Board automatically verifies eligibility each year. Seniors must meet the following criteria:
Main eligibility requirements
- Singapore Citizen aged 55 to 70 by 31 December 2026
- Monthly income of $4,000 or less
- Home annual value of $21,000 or below
- Ownership of only one property
- MediSave balance below half of the current Basic Healthcare Sum
These rules ensure the program supports seniors who need financial assistance for healthcare.
How Contributions Are Matched and Total Benefits
The table below illustrates how voluntary contributions and government matching grants work under the scheme.
| Contribution Year | Voluntary Deposit | Government Match | Total Added to MediSave |
|---|---|---|---|
| 2026 | $800 | $800 | $1,600 |
| 2026 | $1,000 | $1,000 | $2,000 |
| 2027-2030 | Max $1,000 per year | Max $1,000 per year | Up to $5,000 over five years |
Benefits of the Matched MediSave Scheme for Retirement
The MMS program allows seniors to build financial security for medical expenses after retirement. It reduces reliance on family members for hospital bills, doctor visits, and long-term care costs. By combining personal savings with government grants, seniors gain a stronger financial safety net and more independence. The scheme also helps the healthcare system remain sustainable by promoting personal responsibility.
Tax Considerations Linked to the 2026 Scheme
Voluntary MediSave top-ups generally qualify for tax relief up to $16,000 annually. However, contributions matched through the Matched MediSave Scheme cannot be used for tax relief to avoid double benefits. Extra top-ups beyond the MMS limit may still be eligible for deductions. Seniors should consult the Inland Revenue Authority of Singapore (IRAS) for the latest guidance.
How Seniors Can Access Official Support
The CPF Board will notify eligible seniors directly via letters or emails. Additional support is available through:
- CPF hotline: 1800-222-3399 (local) or +65-6222-3399 (overseas)
- Online appointment bookings for face-to-face consultations at CPF service centres
- CPF website guides and FAQs for step-by-step instructions
These options make it simple for seniors to understand and participate in the program.
FAQ
- Who can participate in the Matched MediSave Scheme 2026
Singapore Citizens aged 55 to 70 with qualifying income, property, and MediSave balances. - How much will the government match per year
Up to $1,000 per participant per year. - Is an application required to receive matching grants
No. The CPF Board automatically checks eligibility each year. - Can matched contributions be used for tax relief
No. Only voluntary top-ups beyond the scheme limits are eligible for tax relief. - What is the total possible benefit from the scheme
Participants can receive up to $5,000 in government matching grants over five years.
