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Why is there Additional Withdrawal Limit (AWL) for Integrated Shield Plan (IP) premiums?

MediSave is sized to help Singaporeans with lifelong healthcare expenses. These include hospitalisation bills and healthcare insurance premiums.

The premium you pay for your Integrated Shield Plan (IP) consists of both the MediShield Life (MSL) and additional private insurance components. MSL premiums can be paid fully using MediSave. However, premiums for the additional private insurance component are significantly higher than MSL. As such, the Additional Withdrawal Limit (AWL) strikes a balance between the use of MediSave for higher private insurance coverage and preserving MediSave for future healthcare expenses during retirement. You should consider whether co-paying the higher IP premiums using cash is affordable over the long term.