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Withdrawal from medisave account for premium payment

Medi Shield Life Scheme (Private Medical Insurance Scheme) Regulations 2015

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—(1) Subject to paragraphs (2) and (4), the Board may, subject to such terms and conditions as the Board may impose, approve an application of a CPF member to withdraw moneys standing to the member’s credit in that member’s medisave account to pay the premium for a medisave-approved plan for that member or an insured person who is a dependant of that member.(2) The Board may not approve a withdrawal, to be made on or after 1 November 2015, from the medisave accounts of one or more CPF members, for the payment of the premiums for more than one of the following insurance covers, for the same insured person and in force concurrently:(a)a medisave-approved plan;(b)a MediShield Life cover.(3) To avoid doubt, paragraph (2) does not prevent the Board from approving any withdrawal for the payment of premiums for the MediShield Life Component and the additional private insurance coverage comprised in one integrated shield plan.(4) The Board may not approve a withdrawal, to be made on or after 1 November 2015, from a CPF member’s medisave account for the payment of the premium of a non‑integrated shield plan, if the insured person is a citizen or permanent resident of Singapore.(5) If the Board approves the withdrawal of moneys from a CPF member’s medisave account to pay the premium for an insured person’s medisave-approved plan (called in this paragraph the later plan) —(a)any approval given by the Board for any withdrawal from any CPF member’s medisave account, for the payment of premiums for any earlier plan of the insured person, is taken to be cancelled in respect of the payment of such premiums for any period on or after the commencement of the later plan (called in this paragraph the affected premiums); and(b)withdrawals for the payment of the affected premiums are to cease on the commencement of the later plan.(6) In paragraph (5), “earlier plan of the insured person” means any other medisave-approved plan or MediShield Life cover, for that insured person, that commences before the later plan.(7) Despite paragraphs (2), (4) and (5), if an insured person has been permitted, under regulation 8(3), to have more than one medisave‑approved plan in force concurrently, the Board may permit the withdrawal of moneys under paragraph (1) from the medisave accounts of one or more CPF members to pay the premiums for those medisave-approved plans.(8) If the Board deducts the premium for an insured person’s MediShield Life cover commenced under regulation 4(1) of the MediShield Life Scheme Regulations 2015 (called in this paragraph the later plan) from a CPF member’s medisave account —(a)any approval given by the Board for any withdrawal from any CPF member’s medisave account, for the payment of premiums for any earlier plan of the insured person, is taken to be cancelled in respect of the payment of such premiums for any period on or after the commencement of the later plan (called in this paragraph the affected premiums); and(b)withdrawals for the payment of the affected premiums are to cease on the commencement of the later plan.(9) In paragraph (8), “earlier plan of the insured person” means a non-integrated shield plan, for that insured person, that commences before the later plan.(10) Despite paragraphs (2), (4) and (8), if an insured person has a MediShield Life cover and a non-integrated shield plan in force concurrently and a claim has been made under either of those insurance covers, the Board may approve the withdrawal of moneys under paragraph (1) from the medisave accounts of one or more CPF members to pay the premiums for both of those insurance covers up to a date specified by the Board.(11) The Board may cancel any approval given under paragraph (1) to withdraw moneys from a CPF member’s medisave account to pay the premiums of an insured person’s medisave-approved plan, with effect from a date determined by the Board, if —(a)the withdrawal from the CPF member’s account was made in breach of these Regulations or the MediShield Life Scheme Regulations 2015; or(b)the CPF member had made a false representation to the Board or the insurer, or furnished the Board or the insurer with any false information, in connection with the purchase of the medisave-approved plan.(12) If the Board’s approval to withdraw moneys from a CPF member’s medisave account, for the payment of premiums of an insured person’s medisave-approved plan, is cancelled under paragraph (5), (8) or (11) —(a)the insurer of that plan must, if required by the Board, transfer to the Board any money paid as such premium for that plan from the CPF member’s medisave account, which could not have been withdrawn if the cancelled approval had not been given; and(b)the Board must refund to the CPF member’s medisave account the moneys so transferred by the insurer.(13) Regulation 9 applies instead of paragraph (12) if the insured person’s medisave-approved plan is terminated or cancelled.(14) The Board’s powers, under this regulation, to cancel any approval under paragraph (1) —(a)are not limited by regulation 12(1) to (4); and(b)apply to any permission granted by the Board under regulation 4(1) of the revoked PMIS Regulations, as those powers apply to any approval granted by the Board under paragraph (1).

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