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I am born in 1979 or earlier. What if I do not have sufficient MediSave to pay for premiums?
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To ensure that CareShield Life premiums are affordable, the Government will provide several premium support measures for those born in 1979 or earlier when the scheme is launched:
Means-tested premium subsidies of up to 30% of premiums of CareShield Life, to help lower- to middle-income households.
Participation incentives of up to $2,500 for Singapore Citizens, if they join within the first two years the scheme is available for sign-ups from end-2021 onwards, to encourage those born in 1979 or earlier to join CareShield Life.
Additional participation incentives of $1,500 for Merdeka and Pioneer Generation citizens within the first two years the scheme is available for sign-ups from end-2021 onwards
Additional Premium Support for Singaporeans who are unable to pay their CareShield Life premiums even after premium subsidies, so that no one will lose coverage under CareShield Life due to their inability to pay premiums.
You may wish to refer to the premium calculator at https://www.moh.gov.sg/careshieldlife/about-careshield-life/careshield-life-premium-calculator for information on estimated premiums and premium support
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