Can I fully pay for the Standard Integrated Shield Plan (IP) premiums using MediSave at all ages?
Based on the current Additional Withdrawal Limits (AWLs) for MediSave use and the current Standard IP premiums across insurers (as of Apr 2024), you can use MediSave to fully pay for the Standard IP premiums until age next birthday 74.
As the Standard IP is a private product that provides additional coverage at the Ward B1 or equivalent level, premiums are higher than MediShield Life premiums. As such, there will still be some cash outlay for older policyholders.
Related questions
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?
Can we use MediSave to pay for Integrated Shield Plans (IPs) and Riders?
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?
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