What Government subsidies or incentives are available to help me with my CareShield Life premiums?

To ensure that CareShield Life premiums are affordable, the Government has committed to providing several premium support measures:

• Means-tested premium subsidies of up to 30% of premiums of CareShield Life, to help lower- to middle-income households.

• Transitional subsidies for the first five years from launch of CareShield Life for Singapore Citizens born in 1980 or later, to ease their transition into the scheme.

• Participation incentives of up to $2,500 ($250/year) for Singapore Citizens who join and are covered by 31 December 2023, and up to $1,875 ($187.50/year) for those joining and being covered between 1 January 2024 and 31 December 2024. The participation incentives will be spread equally over 10 years and will be used to offset premiums payable for each year. 

• Additional participation incentives of $1,500 ($150/year) will be provided for Merdeka and Pioneer Generation citizens who join and are covered by 31 December 2023, and $1,125 ($112.50/year) for those joining and being covered between 1 January 2024 and 31 December 2024. The participation incentives will be spread equally over 10 years and will be used to offset premiums payable for each year.

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.

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.