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Understanding Careshield

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Posts in category: Careshield

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November 21, 2022
by Understanding Careshield

Should I Switch from ElderShield to CareShield Life

CareShield Life was introduced two years ago, and is now mandatory for all adults aged 30–40 years old. However, the CareShield Life team has recently sent out letters to anyone over the age of 40 to notify them of the option to switch from ElderShi ...

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November 14, 2022
by Understanding Careshield

Here’s Why You Should Consider Getting a Long-Term Disability Insurance

If you look around you, you'll realize that disability isn't just a problem that solely affects the elderly; it can happen to anyone. Even young, healthy people can become incapacitated overnight and become fully reliant on others for the most basic ...

2
November 7, 2022
by Understanding Careshield

CareShield Life Supplement: Best Provider & Comparison (2022)

What is Careshield Life? CareShield Life helps in covering long-term care expenses that arise from having a disability. To boost your disability protection and benefits, you can upgrade your CareShield Life with supplements from these three private i ...

5
October 4, 2022
by Understanding Careshield

How Much Does It Cost To Hire a Maid Or Housekeeper In Singapore? (2022)

Are you in search of a maid employee in Singapore? If you're a working professional with young children or elderly parents to look after, having someone to lend you some extra hands could bring great relief. Employing a foreign domestic worker (FDW) ...

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September 23, 2022
by Understanding Careshield

What’s the Difference Between ElderShield and CareShield Life?

The Ministry of Health (MOH) stated in May 2018 that CareShield Life, a national long-term care insurance program, will replace the current ElderShield scheme on October 1, 2020, for people born in 1980 or later. CareShield Life will make an effort ...

Understanding Careshield Article Feature Image
March 4, 2022
by Understanding Careshield

CareShield: Why Getting A CareShield Life Plan Should Be Done Earlier Than Later

It’s too easy to put off the need to claim the CareShield Life Scheme for people born before 1980. Each year you delay signing up, you lose the opportunity to reap higher payouts and increase the risk of burdening your children with financial res ...

4
January 4, 2020
by Understanding Careshield

CareShield: The Ultimate Guide (2022)

According to statistics, about half of Singapore’s population will be 65 or older by 2050. The government’s healthcare spending is expected to rise, and we must ensure that we can afford it. Yes, some government healthcare schemes, such as MediSa ...

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