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Will my new CPF working contribution partially pay off my outstanding MediShield Life and CareShield Life premiums if I am on a monthly GIRO instalment plan?
Yes, your new CPF working contributions will be used to pay your outstanding MediShield Life and CareShield Life premiums. This helps to reduce the outstanding amount and avoid enforcement actions.
If you are currently on a monthly GIRO payment arrangement, your monthly GIRO deduction amount will remain unchanged, but the payment plan will end earlier once outstanding premiums are fully paid.
This information is sourced from CPF.
Related questions
I have an ongoing monthly GIRO instalment plan. My MediShield Life and/or CareShield Life cover has been renewed and has incurred new outstanding premiums. Will interest be imposed on me?
Why are my full healthcare renewal premiums deducted from my GIRO bank account when I have set up monthly GIRO instalments?
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I am currently paying outstanding MediShield Life and/or CareShield Life premiums through monthly GIRO instalments. Can I continue this arrangement to pay my future premiums?
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Can I pay my MediShield Life and/or CareShield Life premiums by instalment through GIRO?
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