Can I fully pay for the Standard Integrated Shield Plan premiums using Medisave at all ages?
Based on the current Additional Withdrawal Limits (AWLs) for Medisave use, you can use Medisave to fully pay for the Standard Integrated Shield Plan (IP) premiums until age next birthday 75.
As the Standard IP is a private product that provides additional coverage at B1 level, premiums are higher than MediShield Life premiums, and rise sharply at the older ages. As such, there will still be some cash outlay for policyholders at the oldest ages.
Singapore Residents should therefore carefully consider the affordability of premiums over the longer-term, when deciding if they should get the Standard IP.
This information provided here is sourced from the MOH website.
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