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If I am currently on ElderShield 300/400 and choose to upgrade to CareShield Life, can I opt out or downgrade back to ElderShield 300/400 subsequently?



If you are a Singapore Citizen or Permanent Resident born between 1970 and 1979, you will be automatically enrolled in CareShield Life from 1 December 2021, if you are currently covered under the ElderShield 400 scheme and do not develop severe disability at the point of auto-enrolment. You can opt out of CareShield Life by 31 December 2023 if you do not wish to join the scheme and you will automatically be placed back onto your ElderShield 400 scheme.

Those who are not auto-enrolled can choose to join CareShield Life. If you are an ElderShield insured in this group, you will have a 60-day free-look period from the commencement of your CareShield Life coverage, for you to consider your decision. If you choose to opt out, you will be given a full premium refund and automatically be placed back onto your original ElderShield 300/400 scheme.

You will not be able to opt out from the scheme after the applicable opt-out/free-look periods.

This information provided here is sourced from the MOH website.

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