Medisave is a compulsory savings scheme designed to help Singaporeans build up sufficient savings for their hospitalisation expenses, especially during old age. Under the scheme, every employee contributes 6-8% (depending on age group) of his monthly salary to a personal Medisave account. The savings can be withdrawn to pay the hospital bills of the account holder and his immediate family members.

Medisave (Chinese: 保健储蓄) was introduced in April 1984 as a national medical savings scheme for Singaporeans. The scheme allows Singaporeans to put aside part of their income into a Medisave account to meet future personal or immediate family's hospitalization, day surgery and for certain outpatient expenses.