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Will I get higher subsidies if I am of an older age since my CareShield Life premiums will be higher?
If you are born in 1979 or earlier, you will receive means-tested subsidies of up to 30% on your base premiums for CareShield Life. Given that premiums increase with age, the annual subsidies for older Singaporeans will also be higher to offset the higher annual premiums.
Those who need more assistance with their premium payment after subsidies will receive Additional Premium Support.
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 is sourced from CPF.
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