CMFAS RES5 CPF & CPFIS question: use MediSave to pay the premiums

CMFAS RES5CPF & CPFIS

A member wants to use MediSave to pay the premiums for his Integrated Shield Plan (IP). Which statement is correct?

A The entire IP premium, including the private-insurance component, can always be fully paid from MediSave
B The MediShield Life part is fully MediSave-payable; the private part only up to the Additional Withdrawal Limit
C IP premiums cannot be paid from MediSave at all, as IPs are private insurance, so they must be paid in cash
D A member may hold several IPs from different insurers, with all the premiums paid from MediSave

Show the answer and explanation

Answer: B. The MediShield Life part is fully MediSave-payable; the private part only up to the Additional Withdrawal Limit

An IP has two parts: the MediShield Life component (fully payable from MediSave) and the additional private coverage, whose premium is payable from MediSave only up to the AWL (S$300/S$600/S$900 by age), with the remainder in cash. Each insured person can have only one IP paid with MediSave.

Common mistake

The private component is capped by the AWL and often requires cash top-up at older ages — it is not always fully MediSave-payable, and only one IP per person may be MediSave-funded.

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Original study material mapped to the public CMFAS RES5 syllabus. Unofficial, not endorsed by MAS or SCI. Verify figures and rules against current guidance before relying on them.