Can I pay my IP Premiums using MediSave?
The MediShield Life component of your Integrated Shield Plan is fully payable by MediSave.
The additional private insurance component is also payable by MediSave, but only up to the following Additional Withdrawal Limits:
- $300 per year for those at age 40 years and below on their next birthday
- $600 per year for those at age 41 to 70 years on their next birthday
- $900 per year for those at age 71 years and above on their next birthday
Any excess would need to be paid in cash.
This information is sourced from MOH
Related questions
Can I fully pay for the Standard Integrated Shield Plan premiums using Medisave at all ages?
Can the Government allow us to use more of our Medisave to pay for our Integrated Shield Plan (IP) premiums? Why aren’t withdrawal limits sized such that IP policyholders do not experience cash outlay for their IP premiums?
The Health Insurance Planner shows that I may have insufficient MediSave for my healthcare expenses and insurance premiums. Will I lose my insurance coverage?
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