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What are Additional Withdrawal Limits (AWLs) for Integrated Shield Plan (IP) premiums?
MediSave is sized to help Singaporeans pay lifelong healthcare expenses. This include paying for hospitalisation bills and healthcare insurance premiums.
The premiums you pay for your Integrated Shield Plan (IP) consist of both the MediShield Life (MSL) and additional private insurance components. MSL premiums can be paid fully using MediSave. However, premiums for the additional private insurance component that is offered by private insurers are subject to the Additional Withdrawal Limit (AWL). The AWL strikes a balance between the use of MediSave for the higher private insurance coverage and preserving MediSave for future healthcare expenses during retirement.
The AWLs that apply to the additional private insurance coverage component of your IP premiums vary according to age as follows:
| Age Next Birthday | AWLs |
| 1 - 40 | $300 |
| 41 – 70 | $600 |
| >= 71 | $900 |
Your IP insurer will collect the portion of your private insurance component premium that exceeds the AWL from you in cash.
As healthcare needs and premiums increase with age, planning for these costs is essential. Consider whether co-paying the higher IP premiums using cash is affordable for you over the long-term without straining your retirement savings.
This information is sourced from CPF.
Related questions
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 have to pay cash for their IP premiums?
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 have to pay cash for their IP premiums?
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