I am an existing ElderShield/ElderShield Supplement policyholder. Do I have to join CareShield Life?

If you are a Singapore Citizen or Permanent Resident born between 1970 and 1979, covered under the ElderShield 400 scheme and did not develop severe disability, you have been auto-enrolled to CareShield Life from 1 December 2021. You can choose to opt out from CareShield Life by 31 December 2023 if you do not wish to join the scheme.

Those who were not auto-enrolled can choose to join CareShield Life. 

The Government will provide participation incentives of up to $2,500 ($250/year) to Singapore Citizens who join and are covered under CareShield Life by 31 December 2023. Additional participation incentives of $1,500 ($150/year) will also be provided to Merdeka and Pioneer Generation citizens who join and are covered under CareShield Life by 31 December 2023. The participation incentives will be spread equally over 10 years and will be used to offset premiums payable for each year. 

To encourage more Singapore Citizens to join CareShield Life, those who join and are covered between 1 January 2024 to 31 December 2024 will receive participation incentives of up to $1,875 ($187.50/year). Additional participation incentives of $1,125 ($112.50/year) will be provided to Merdeka and Pioneer Generation citizens. 

The Government will also provide means-tested premium subsidies and Additional Premium Support to those who join CareShield Life, to ensure that no one who joins the scheme loses coverage due to financial difficulties.

For more information on the types of premium support available, you may refer to this page. For information on your personalised premiums and premium support, you may access the CareShield Life Premium Checker e-Service with your Singpass.

This information provided here is sourced from the MOH website.