{"id":1113,"date":"2023-02-06T11:24:00","date_gmt":"2023-02-06T03:24:00","guid":{"rendered":"https:\/\/sg-financialadvice.com\/UnderstandingCareshieldLife\/?p=1113"},"modified":"2023-02-04T14:51:20","modified_gmt":"2023-02-04T06:51:20","slug":"elderly-care-what-are-the-options-and-how-much-do-they-cost","status":"publish","type":"post","link":"https:\/\/sg-financialadvice.com\/UnderstandingCareshieldLife\/elderly-care-what-are-the-options-and-how-much-do-they-cost\/","title":{"rendered":"Elderly Care: What Are The Options And How Much Do They Cost?"},"content":{"rendered":"\t\t
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The aging population in Singapore has long been a source of concern for the government. The dilemma of what to do with our aging parents, grandparents, and other loved ones isn’t going away. Is it a good idea to leave the elderly in the care of a housekeeper? To put them in an elderly care facility (and face our peers’ disapproval)? Is there anything more we can do to better serve the elderly?<\/span><\/p>

The situation is probably even tougher for the elderly parents themselves. They are now too old and frail to live alone, yet their children are too busy with their own lives to take on the responsibility of full-time caregiving. And who can blame them? After all, they were meant to be cared for by their parents when they were young; now that they have grown up and built their own families, it’s only natural that they want to focus on caring for their own children and grandchildren instead. Besides, with the rising costs of living in Singapore, most households simply can not afford to hire full-time housekeepers.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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To what extent is Singapore's Aging Population an Issue?\n<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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The population of Singapore is rapidly aging. One-fourth of the population will be above the retirement age by 2030. That’s more than a million individuals, or double the present number of senior citizens. Life expectancy is also rising at the same time. This means that they will be living longer and needing assistance for a longer period of time. Thus, it is important to care for them and make sure they have a good quality of life.<\/span><\/p>

In 2020, a new program called CareShield Life was launched to cover the long-term care needs of elderly people. It will provide financial security for people with severe impairments and take care of their basic needs throughout their lifetime. However, what about the care itself? As you get older, you will need different levels of medical care, depending on your specific needs.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Elderly DayCare - For Elders in Good Health\n<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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There are existing special daycare centers for the senior citizens who are healthy and mobile, but who want to socialize and participate in activities that keep them active and energetic.<\/span><\/p>

Where to go:<\/span><\/p>