On 26/05/2013,
you requested for the version in force on 26/05/2013
incorporating all amendments published on or before 26/05/2013.
The closest version currently available is that of 01/03/2013.
4.
—(1) Subject to these Regulations, the Board may, upon the application of a member, or upon the transfer of liabilities relating to the insurance cover of a member or his dependant under the Central Provident Fund (MediShield Scheme — Transfer of MediShield Plus Liabilities) Regulations (Rg 33), permit the withdrawal of the whole or part of the amount standing to his credit in his medisave account for the purchase of —
(a)
a private medical insurance plan for himself or his dependant provided such application is made before 1st July 2005; or
(b)
an integrated medical insurance plan for himself or his dependant.
(2) Subject to paragraph (3), the amount that may be withdrawn under paragraph (1)(a) or (b) shall not exceed —
(a)
in any case where the insurance cover of the person insured commences or is renewed before 1st December 2008, a sum of $800 per policy year;
(b)
in any case where the insurance cover of the person insured commences or is renewed on or after 1st December 2008 but before 1st March 2013 —
(i)
a sum of $800 per policy year, if, on the date of the commencement or renewal, the insured person will be below 81 years of age at his next birthday after the commencement or renewal; or
(ii)
a sum of $1,150 per policy year, if, on the date of the commencement or renewal, the insured person will be 81 years of age or older at his next birthday after the commencement or renewal; or
(c)
in any case where the insurance cover of the person insured commences or is renewed on or after 1st March 2013 —
(i)
a sum of $800 per policy year, if, on the date of the commencement or renewal, the insured person will be below 76 years of age at his next birthday after the commencement or renewal;
(ii)
a sum of $1,000 per policy year, if, on the date of the commencement or renewal, the insured person will be 76 years of age or older but below 81 years of age at his next birthday after the commencement or renewal; or
(iii)
a sum of $1,200 per policy year, if, on the date of the commencement or renewal, the insured person will be 81 years of age or older at his next birthday after the commencement or renewal.
(3) Where the private medical insurance plan referred to in paragraph (1)(a) is the Managed Healthcare System provided by NTUC Income Insurance Co-operative Limited, the amount that may be withdrawn per person insured shall not exceed —
(a)
in the case of a person aged 30 years and below, a sum of $90 per policy year;
(b)
in the case of a person aged 31 to 40 years, a sum of $135 per policy year;
(c)
in the case of a person aged 41 to 50 years, a sum of $270 per policy year;
(d)
in the case of a person aged 51 to 60 years, a sum of $450 per policy year;
(e)
in the case of a person aged 61 years and above, a sum of $660 per policy year;
(f)
80% of the amount of premium payable by the member for himself or his dependant, as the case may be, under the policy; or
(g)
the total credit balance in the member’s medisave account,
whichever is the lowest applicable amount.
(4) For the purpose of computing the amount that the Board may deduct under paragraph (1), the sum of $800, $1,000, $1,150 or $1,200, as the case may be, referred to in paragraph (2) and the sum of $660 referred to in paragraph (3)(e) shall include any Government premium rebate which the member may be entitled to receive.