How were the Additional Withdrawal Limits determined?
The current Additional Withdrawal Limits (AWLs) range from $300 to $900 depending on age, with higher limits for older policyholders.
The AWLs for IP premiums are set to strike a balance between helping Singapore Residents pay for IPs, which are optional commercial products beyond MediShield Life, and conserving enough MediSave for basic healthcare expenses, especially in old age.
Related questions
What are the Additional Withdrawal Limits?
How often will the Ministry of Health (MOH) be reviewing the Additional Withdrawal Limits (AWLs)? Will MOH be reviewing the AWLs taking into account Integrated Shield Plan (IP) premium increases over time?
What are Additional Withdrawal Limits (AWLs) for Integrated Shield Plan (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 experience cash outlay for their IP premiums?
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