The Matched MediSave Scheme (MMSS) has launched as a five-year pilot program.

Commencing 1 January 2026, the MMSS provides a dollar-for-dollar government match for cash top-ups made to the MediSave Account (MA) of eligible Singapore Citizens aged 55 to 70. The scheme is capped at $1,000 per year and will run as a pilot until 2030 for those with MA savings below half of the current Basic Healthcare Sum.

Why it mattersClients managing healthcare budgets for seniors should be aware of this new incentive, noting that top-ups receiving these grants are ineligible for personal income tax relief.