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?

Question

Accepted Answer

MediSave is designed to help with basic healthcare expenses, especially after retirement. MediSave contribution rates and withdrawal limits are set in line with this principle.

MediShield Life premiums are fully payable by MediSave, while there is a limit (the Additional Withdrawal Limit) set on the premiums for the additional private insurance component 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.

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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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 have to pay cash for their 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 have to pay cash for their IP premiums?