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CareShield LifeCareShield LifeCareShield Life is a long-term care insurance scheme that will provide you with basic financial support should you become severely disabled, especially during old age, and need personal and medical care for a prolonged duration.TrueTrueResources;#Forms;#Others;#

 

 

UnderstandWhat is CareShield Life?<p>CareShield Life is a long-term care insurance which provides financial protection against long-term care costs of Singaporeans in the event of severe disability. </p><p>CareShield Life will provide you with better protection and assurance for basic long-term care needs with:</p><ol type="a"><li>Lifetime cash payouts, for as long as the insured remain severely disabled; </li><li>Increasing payouts, starting at $600/month in 2020; </li><li>Government subsidies to make it affordable, with no one losing coverage if they cannot pay premiums; </li><li>Premiums can be fully paid by MediSave. </li></ol> <br> <p>If you are a Singapore Citizen or Permanent Resident born in 1980 or later, you will be automatically covered on 1 October 2020 or when you turn 30, even if you have any pre-existing conditions or are severely disabled.</p><p>If you are a Singapore Citizen or Permanent Resident born in 1979 or earlier, participation is optional. You can join CareShield Life from end-2021 onwards if you are not severely disabled. More details on your premiums, subsidies and support package will be provided when ready. </p><p>If you are born between 1970 and 1979, are currently insured under ElderShield 400, and are not severely disabled, you will be automatically enrolled into CareShield Life in end-2021. If you are auto-enrolled, you can opt out of CareShield Life by 31 Dec 2023 if you do not wish to join the scheme and your CareShield Life premiums will be refunded. More information on the auto-enrolment, premiums, subsidies and support package will be provided when ready. </p><p>In the meantime, if you already have existing ElderShield or ElderShield Supplement policies and do not wish to join CareShield Life, your existing ElderShield and ElderShield Supplement coverage will continue and will not be affected.</p><p>For more information about CareShield Life, please visit <a href="https://www.careshieldlife.gov.sg/" target="_blank">careshieldlife.gov.sg</a> </p>CareShield Life28771790
UnderstandWhat is the definition of severe disability?<p>When a person is unable to do at least three of these six Activities of Daily Living (ADLs) listed below, the person is considered to have severe disability. If you or your loved one meets this criteria, you may wish to consider submitting a claim.</p><ol><li>Washing - The ability to wash in the bath or shower (including getting into and out of the bath or shower) or do a sponge/bed bath. </li> <br> <li>Dressing<br> The ability to put on, take off, secure and unfasten all garments and, as appropriate, any braces, artificial limbs or other surgical or medical appliances. </li> <br> <li>Feeding<br> The ability to feed oneself food after it has been prepared and made available. </li> <br> <li>Toileting<br> The ability to use the toilet or manage bowel and bladder function through the use of protective undergarments such as diapers or surgical appliances if appropriate. </li> <br> <li>Mobility<br> The ability to move indoors from room to room on level surfaces. </li> <br> <li>Transferring<br> The ability to move from a bed to an upright chair or wheelchair, and vice versa </li></ol>CareShield Life28781791
UnderstandHow and where can I submit a claim under CareShield Life?<p>If you are covered under CareShield Life, you may submit an application to make a <a href="http://www.aic.sg/careshieldlife" target="_blank">claim to the Agency for Integrated Care</a>, and arrange for a disability assessment by a MOH-accredited severe disability assessor. More information on the <a href="http://careshield.gov.sg/claims" target="_blank">list of MOH-accredited severe disability assessors can be found here</a>.</p><p>For more information about CareShield Life, please visit <a href="https://www.careshieldlife.gov.sg/" target="_blank">careshieldlife.gov.sg</a></p> CareShield Life28791792
UnderstandHow much is the monthly payout under CareShield Life?<p>In 2020, the payout is $600/month. </p><p>For more information about CareShield Life, please visit <a href="https://www.careshieldlife.gov.sg/" target="_blank">careshieldlife.gov.sg</a></p> CareShield Life28801793
UnderstandWhat are my premiums when I enrol in CareShield Life?<p>You can view your estimated CareShield Life premiums via the <a href="https://www.careshieldlife.gov.sg/premium-calculator" target="_blank">CareShield Life premium calculator</a>.</p><p>For more information about CareShield Life, please visit <a href="https://www.careshieldlife.gov.sg/" target="_blank">careshieldlife.gov.sg</a></p> CareShield Life28811794
UnderstandHow can I pay CareShield Life Premiums? <p>Premium payment can be fully paid via MediSave. If you have sufficient funds in your MediSave Account, your CareShield Life premiums will be automatically deducted from your MediSave Account. </p><p>If you have insufficient savings in your MediSave Account, you can make a top-up via <a href="https://www.cpf.gov.sg/eSvc/Web/Miscellaneous/Cashier/ECashierHomepage">CPF e-Cashier</a> (select “Contribute to My MediSave”). </p><p>For more information about CareShield Life, please visit <a href="https://www.careshieldlife.gov.sg/" target="_blank">careshieldlife.gov.sg</a></p> CareShield Life28821795
EvaluateIf I have already bought private insurance plans for disability, will there be duplicative coverage when I join CareShield Life?<p>There are different private insurance plans on the market. Most cover total and permanent disability or are meant to insure against loss of income when an individual becomes disabled and is unable to work. As such, private insurance plans typically cease coverage between ages 60 to 70 when most insureds retire. CareShield Life, however, provides lifetime coverage and ensures that an individual will receive coverage even if the individual becomes severely disabled in their later years.</p><p>In addition, unlike private insurance products which cease coverage if insureds are unable to pay the premiums, under CareShield Life, coverage will not cease if an individual is unable to pay premiums due to financial difficulties. The Government will provide premium subsidies and additional premium support.</p><p>For more information about CareShield Life, please visit <a href="https://www.careshieldlife.gov.sg/" target="_blank">careshieldlife.gov.sg</a></p> CareShield Life28831796
EvaluateIf I am currently on ESH300/400 and choose to upgrade to CareShield Life, can I withdraw or downgrade to ESH300/400 subsequently?<p>If you are a Singapore Citizen or Permanent Resident born between 1970 and 1979, you will be automatically enrolled in CareShield Life from end-2021, if you are currently covered under the ElderShield 400 (ESH400) scheme and are not severely disabled at the point of auto-enrolment. You can opt out of CareShield Life by 31 Dec 2023 if you do not wish to join the scheme and you will automatically be placed back onto ESH400 scheme.</p><p>Those who are not auto-enrolled can choose to join CareShield Life from end-2021. If you are an ElderShield insured in this group, you will have a 60-day free-look period from the commencement of your CareShield Life coverage, for you to consider your decision. If you choose to withdraw, you will be given a full premium refund and automatically be placed back onto your original ElderShield 300/400 scheme.</p><p>You will not be able to withdraw from the scheme after the applicable opt-out/free-look periods.</p><p>For more information about CareShield Life, please visit <a href="https://www.careshieldlife.gov.sg/" target="_blank">careshieldlife.gov.sg</a></p> CareShield Life28841797
ApplyDo I have to join CareShield Life?<p>If you are a Singapore Citizen or Permanent Resident born in 1980 or later, you will automatically join CareShield Life on 1 October 2020 or when you turn 30, even if you have any pre-existing conditions or disabilities. </p><p>If you are a Singapore Citizen or Permanent Resident born in 1979 or earlier, participation is optional. You can join CareShield Life from end-2021 onwards if you are not severely disabled. Details of the application process will be provided closer to end-2021.</p><p>For more information about CareShield Life, please visit <a href="https://www.careshieldlife.gov.sg/" target="_blank">careshieldlife.gov.sg</a>. </p>CareShield Life28851798
ApplyCan I still join CareShield Life even if I have pre-existing medical conditions or pre-existing disabilities?<p>CareShield Life will cover all Singapore Citizens and Permanent Residents born in 1980 or later, including those who have pre-existing medical conditions or pre-existing disabilities.</p><p>If you are born in 1979 or earlier, you can apply to join CareShield Life when the scheme is made available for you from end-2021 onwards if you are not severely disabled (i.e. unable to perform three or more Activities of Daily Living (ADLs)). </p><p>Applicants with pre-existing medical conditions or pre-existing disability may be required to undergo a disability assessment to assess their eligibility to join CareShield Life. </p><p>For more information about CareShield Life, please visit <a href="https://www.careshieldlife.gov.sg/" target="_blank">careshieldlife.gov.sg</a></p> CareShield Life28861799

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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