More than 440,000 Singaporeans aged 65 and older who qualify as the Pioneer Generation (PG) will be receiving Medisave top-ups ranging from S$200 to S$800 in July.
The Ministry of Finance said that the top-up for PG will stack with another round of Medisave top-up under the GST Voucher Scheme which will be disbursed in August.
A Singaporean elderly aged 85 who qualify for both the PG and GST Voucher Scheme may receive a total up to S$1,250 in Medisave in 2015. As the Medishield Life premium for an 85 year old is S$615 a year, a PG elderly should effectively not be paying any out-of-pocket cash for medical procedures and specific prescriptions from the new national insurance scheme.
However, PG elderly will still have to pay 50% of medicines and doctor consultations at Polyclinics and specialist clinics.
Do you think the Singapore Government should do more for these pioneers by making sure they do not pay a single cent for any treatment and even be entitled to more free preventive care?