The decision to have kids is a monumental one that requires careful long-term planning. Thankfully, would-be parents don't have to look far to get a leg up in the first milestone of parenthood: childbirth.
Here are three ways you can take advantage of government schemes to better provide for your family:
1. Make use of the Medisave Maternity Package
You can use Medisave for delivery expenses and pre-delivery medical expenses such as pre-natal consultations and ultrasound scans at public and private hospitals.
The Medisave withdrawal limit is capped at
- $450 a day for hospitalisation charges,
- $900 for pre-delivery medical expenses amounting, and
- $750 to $2,150 for the delivery of your child.
|Type of Operation||Medisave Limits for Delivery Procedure|
|Vaginal Delivery (Normal)||$750|
|Vaginal Delivery (Assisted)||$1,250|
|Caesarean Section (Normal)||$2,150|
Medisave may be used at both public and private hospitals. To claim pre-delivery charges from Medisave, you need to present the bills incurred for pre-delivery medical care to the hospital where baby was delivered. The hospital will submit these bills, together with the delivery expenses, for Medisave claims under the Medisave Maternity Package.
2. Get a polyclinic referral for a subsidised ward in a public hospital
Did you know that you can easily save almost 50 per cent on hospitalisation costs if you opt to deliver your child in a subsidized ward in public hospital instead?
|Type of hospital||Average length of stay (days)||Cost*|
|Private hospital (4 bedded)||2.1||$4,079|
|Public hospital (Ward B1)||2.0||$2,749|
*Based on an average of 25th percentile bill size for natural deliveries
3. Receive up to $18,000 in Cash Gift and CDA benefits for your first child
Medisave Grant for Newborns
Grant amount for first child: $4,000 in Medisave Account
All Singapore Citizen newborns born on or after 1 January 2015 will receive $4,000 in their CPF Medisave account, which will be opened for every newborn. Eligible newborns will receive the Medisave grant automatically after the registration of birth. You do not need to apply for the grant.
The grant helps parents defray your child's healthcare expenses, such as MediShield Life premiums, recommended childhood vaccinations, hospitalisation, and approved outpatient treatments.
Child Development Account First Step Grant
Grant Amount for first child: up to $6,000 in CDA
Your first child will receive a First Step grant of $3,000 in his/her child's Child Development Account (CDA). The government will also match the savings you contribute to your child's CDA dollar-for-dollar, up to $3,000 for your first child. If you're planning to have more kids, you can look forward to up to $18,000 in benefits.
|Child Order ||CDA Benefits ||Total CDA Benefits |
|CDA First Step||Dollar-for-Dollar matching|
|1st & 2nd Child||$3,000 ||Up to $3,000||Up to $6,000|
|3rd & 4th Child||Up to $9,000||Up to $12,000|
|5th and higher||Up to $15,000||Up to $18,000|
Baby Bonus Scheme – Cash Gift
Cash gift for first child: $8,000 in cash
You will also receive an incremental Cash Gift under the Baby Bonus Scheme of $8,000 for your first child in 5 instalments over 18 months.
You will also enjoy $10,000 in cash gift for your third and subsequent children!
|Time||Amount of cash gift disbursed |
|||First and Second Birth Orders||Third and Subsequent Birth Orders|
|Within 3 weeks after joining the scheme||$3,000||$4,000|
|When the child turns 6 months old||$1,500||$2,000|
|When the child turns 12 months old||$1,500||$2,000|
<New> Baby Bonus Plus
When the child turns 15 months old
<New> Baby Bonus Plus
When the child turns 18 months old
And there we have it. Up to $18,000 in benefits in grants and cash for your first born.
Information accurate as at 23 December 2016.