What will happen to my current ElderShield and Supplement plans after CareShield Life is launched?
The launch of CareShield life will not affect your existing ElderShield and supplement plans.
However, you are encouraged to consider upgrading your ElderShield to CareShield Life if you do not have severe disability. If you choose to upgrade to CareShield Life, the ElderShield premiums that you have paid will be taken into account when computing your CareShield Life premiums, resulting in lower CareShield Life premiums.
The Supplements will also work with CareShield Life cover and do not need to be terminated.
This information is sourced from MOH
Related questions
Can I join both CareShield Life and ElderShield to get double the protection?
Should I join CareShield Life if I already have an existing ElderShield & ElderShield Supplement plan that provides similar coverage, e.g. lifetime payouts?
What will happen to my current ElderShield and Supplements plans? Will my premiums be lower? Will I receive premium subsidies as well?
Will the Supplement premiums that I have already paid, be taken into account when I join CareShield Life?
Need more help?
Get in touch