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If there are insufficient funds in my MediSave account, can I use my Ordinary Account/Special Account monies to pay for my MediShield Life premiums?
The savings in a member's various CPF accounts are for specific uses. Savings in the Ordinary Account and Special Account are primarily for housing and retirement while the savings in the MediSave Account are for payment of MediShield Life premium and medical expenses.
Generally, funds in the accounts are not inter-transferable. Therefore, it is not possible for your Ordinary Account/Special Account to be used for payment of MediShield Life premiums.
Related questions
If there are insufficient funds in my MediSave, can I use my Ordinary/Special Account monies to pay for my CareShield Life premiums?
Why is the withdrawal quantum under MediSave Care based on my MediSave account's balance?
moh
From other agencies
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?
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Why is the withdrawal based on my MediSave account’s balance? Why not withdraw from my Ordinary or Special Account?
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