SUBSIDIES
Baby Bonus Scheme for Dental
Children bring immense joy and love to families. To support couples in growing their families and ease the financial demands of raising children, the Baby Bonus Scheme was introduced. As part of the Marriage and Parenthood Package, this initiative provides a Cash Gift and benefits for the Child Development Account (CDA). The funds in the CDA can also be used to cover children’s dental care.
Child Development Account (CDA)
The Child Development Account (CDA) is a special savings account for Singaporean children. By opening a CDA with DBS/POSB, OCBC, or UOB, your child will automatically receive the CDA First Step Grant, and the government will match every dollar you deposit, up to a certain limit. You can continue contributing to and using the account until your child turns 12.
You can use CDA money at places approved by the Baby Bonus Scheme. This includes:
Childcare centers, kindergartens, and certain schools or programs.
Medical expenses, including visits to hospitals, dental clinics, and local GP clinics.
MediShield Life or some private insurance plans (if you top up cash into MediSave first).
Assistive devices for children with disabilities.
Eye care services and products from optical shops.
Selected health products available at pharmacies.
Ivory Dental is Baby Bonus Approved
Institution
Enhanced Baby Bonus
Scheme 2023
Under the improved Baby Bonus Scheme, parents now receive $11,000 (increased from $8,000) for their first two children and $13,000 (up from $10,000) for the third child onwards. This eases the financial burden of child-rearing. Parents get up to $9,000 in the initial 18 months and an additional $400 biannually until the child is 6-and-a-half years old.
The Baby Bonus scheme, besides its Cash Gift, includes a Child Development Account (CDA) for eligible Singaporean kids. They now get a First Step Grant of $5,000, increased from $3,000.
Every dollar you deposit into the CDA receives matching funds from the Government, up to set limits: $4,000 for the first child, $7,000 for the second, $9,000 for the third and fourth, and $15,000 from the fifth child onwards.
CDA funds can be used for approved childcare and healthcare needs, like childcare centres, kindergartens, optical shops, and Baby Bonus-approved clinics.
Reference from:
https://www.cpf.gov.sg/member/infohub/educational-resources/baby-bonus-benefits-and-support-for-new-parents
Frequently Asked Question
What Should I Carry For My Child’s Dental Appointment?
For your child’s dental visit, please ensure you have:
- Patient’s ID (child’s birth certificate) for the initial visit.
- For follow-up visits at the same clinic, only the patient’s ID is required for registration.
- Your NETS-CDA card to handle the bill payment.
How Do I Process Payments Using The Baby Bonus Dental Scheme at Ivory Dental?
It’s simple! Just inform our receptionist when making an appointment or upon arrival that you’d like to use funds from your child’s CDA. We’ll guide you through the quick and easy payment process.
Are All Ivory Dental Clinics Participating in the Baby Bonus Scheme?
Yes, all our clinics are recognized under the Baby Bonus Scheme. You can use your child’s CDA funds for dental services at any of our Ivory Dental locations.
Can I Use The Funds From My Child’s CDA For All Types of Dental Services at Ivory Dental?
Generally, funds from the CDA can be used for a wide range of dental services for your child at Ivory Dental. However, it’s always best to check with our front desk or your account provider for any specific exclusions or limitations.