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How were the Additional Withdrawal Limits determined?
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The Additional Withdrawal Limits (AWLs) allow Singapore Residents to continue using Medisave to pay for their Integrated Shield Plan (IP) premiums, in part or in full.
The AWLs strike a balance between helping Singapore Residents pay for their IP premiums using Medisave, and ensuring that they have enough Medisave for their other healthcare needs.
The AWLs were set to be sufficient to cover the amount of Medisave that policyholders had been using to pay for the premiums of the additional private insurance coverage component of IPs under the previous Medisave withdrawal limits. This will allow policyholders to use the same amount or more Medisave to pay the additional private insurance component of their IP premiums.
For older IP policyholders, the AWLs will enable them or their family members to use more Medisave than before for the additional private insurance component of their IP premiums.
This information provided here is sourced from the MOH website.
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