What is ElderShield?
ElderShield was introduced in 2002 as a basic long-term care insurance scheme targeted at severe disability, especially during old age. When it was introduced, it provided payouts of $300/month for up to 5 years upon severe disability. It was subsequently reviewed in 2007 to provide better benefits of $400/month for up to 6 years.
The benefits you will receive depends on which scheme you joined.
Are you covered under ElderShield?
Until 2019, all Singapore Citizens and Permanent Residents with MediSave Accounts were automatically enrolled in ElderShield at the age of 40, unless they opted out of the scheme. Coverage was provided by one of the three private insurers appointed by the Ministry of Health: Aviva, Great Eastern or Income.
From 2020, there will be no new auto-enrolments at age 40 into ElderShield. Singapore Citizens and Permanent Residents who turn age 40 in 2020 will be enrolled into CareShield Life on 1st Oct 2020 or when you turn 30, whichever is later. The Government will also be taking over the administration of ElderShield from the insurers in end-2021. More information will be made available to ElderShield policyholders in end-2021.
If you are born on 30 September 1932 or before, or had pre-existing disability as of 30 September 2002, you would not have been able to join ElderShield in 2002. Instead, you may be eligible for assistance under the Interim Disability Assistance Programme for the Elderly (IDAPE) if you become severely disabled.
How do you check if you are covered under ElderShield?
To find out which ElderShield plan you are covered under, please contact your ElderShield insurer*. If you are unsure who your ElderShield insurer is, you may check via CPF Board's website. The steps are as follows:
- Go to http://www.cpf.gov.sg/
- Login to "my CPF Online Services" using your NRIC and Singpass.
- Select "My Messages" and view under "Healthcare".
*Please note that you will need to contact your ElderShield insurer to find out which ElderShield plan (i.e. ElderShield 300 or ElderShield 400) or ElderShield Supplement plan you are covered under.
Can you opt back into ElderShield?
If you are between the ages of 41 and 64, and had opted out earlier but wish to opt back in to ElderShield, please approach any ElderShield insurer (i.e. Aviva, Great Eastern or Income) to apply.
All 3 insurers offer the same premiums and payouts under ElderShield. However, please note that you will be subjected to medical assessment by the insurer, and your application may be rejected if you have pre-existing medical conditions.
From end-2021, opt ins to ElderShield will no longer be accepted as CareShield Life will be available to all Singaporeans above age 30.
What happens to your ElderShield policy if you decide to join CareShield Life?
Your ElderShield policy will be replaced by your CareShield Life policy. The ElderShield premiums which you have paid will be taken into consideration when computing your CareShield Life premiums.