If there are insufficient funds in my MediSave Account, can I use my Ordinary Account/Special Account monies to pay for my MediShield Life, CareShield Life or ElderShield premiums?
The savings in your CPF accounts are for specific uses. Savings in your Ordinary Account and Special Account are primarily for housing and retirement, while savings in your MediSave are for the payment of selected healthcare insurance premiums (such as MediShield Life and CareShield Life or ElderShield premiums) and hospitalisation expenses.
Thus, you are unable to use the savings in your Ordinary Account and Special Account to pay for your healthcare insurance premiums.
If you do not have sufficient MediSave to pay your premiums, you will be invited to apply for Additional Premium Support (APS).
Alternatively, you may also top up your MediSave Account (visit Top up MediSave Account form with your Singpass) or approach a family member to help you pay the premiums using his/her MediSave by visiting the Change Payer e-Service to complete the transaction.
This information is sourced from CPF
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