Many of my clients have received letters from AIA explaining the new MediSave Additional Withdrawal Limits (AWL) and their first questions is, “Will I have to pay more cash?”
The answer is fortunately, NO!
The new AWL actually INCREASE your withdrawal limit which can be used to pay for your AIA HealthShield plans, so you have to pay less cash if you’re nearing retirement or already retired.
I’ve done up a new post with Tables showing the before/after of how much you need to top up in cash. Check it out below.
Once I get some sleep, I’d update my original Integrated Plans article to include the latest published information from MOH.