I would like to know what the extra limit is for making withdrawals. I'm trying to understand if there's a specific amount beyond the regular limit that I can withdraw.
7 answers
Alessandra
Sat Nov 30 2024
These limits specify the maximum amount of MediSave funds that can be utilized towards paying for IP premiums.
DondaejiDelightfulCharmingSmileJoy
Sat Nov 30 2024
The purpose of these AWLs is to ensure that MediSave funds are used responsibly and within certain boundaries.
HanbokGlamour
Sat Nov 30 2024
Under this new system, individuals can still use MediSave to pay for their IP premiums, but only up to a specified cap.
JejuJoyfulHeartSoul
Sat Nov 30 2024
The introduction of Additional Withdrawal Limits (AWLs) is a new measure affecting the private insurance coverage component of Integrated Shield Plans (IPs).
Giulia
Sat Nov 30 2024
This cap ensures that MediSave funds are preserved for essential medical expenses and are not overspent on insurance premiums.