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ElderShield provides basic long-term health insurance cover for the severely disabled. Find out about premiums, who’s eligible, and how to claim. Scheduled Maintenance: CPF digital services will not be available on 3 Nov 2024, from 12am to 8am.
ElderShield was introduced in 2002 as a basic long-term care insurance scheme targeted at severe disability, especially during old age. The scheme currently provides cash payouts of $300 or $400 per month, for up to 5 or 6 years.
Sep 30, 2002 · ElderShield is a basic long-term care insurance scheme targeted at severe disability, especially during old age. When it was introduced in 2002 as ElderShield 300, it provided payouts of $300/month for up to 5 years upon severe disability.
Depending on the plan you have, in the event of severe disability, ElderShield provides monthly cash payouts of $300 per month for up to 60 months (under ElderShield 300 plan), or $400 per month for up to 72 months (under ElderShield 400 plan).
Learn more about ElderShield premiums, how you can pay for them and other considerations.
3 key benefits for ElderShield 1. Lifetime coverage. You continue to be covered for life and can make a claim at any age, even after you have completed paying all your premiums. The final ElderShield premium payable is for the policy year in which you are still age 65 at the start of the policy year. 2. Monthly cash payouts
Jun 19, 2024 · It provides a monthly cash payout for up to 72 months to help pay out-of-pocket expenses in the event of severe disability. ElderShield was offered to eligible Singapore Citizens and Permanent Residents (PRs) who had a MediSave Account when they turned 40 years old in 2019 or earlier.
Oct 15, 2024 · ElderShield Provides basic financial support to Singapore Citizens and Permanent Residents with severe disability, especially during old age and need long-term care. SCHEME HIGHLIGHTS
Nov 29, 2023 · Public officers answers to real questions asked by verified citizens | MOH FAQ | Citizen Questions | Government Answers.
ElderShield premiums are kept affordable to ensure that all Singaporeans have basic financial protection in the event of a severe disability in old age. The premiums are based on the age at which you join the scheme, and payable until the policy anniversary after your 65th birthday.
