Will I receive the Participation Incentives of up to $4,000 as long as I apply to join by 31 December 2023?
It depends on whether you will be required to undergo a disability assessment as part of the underwriting process.
If you are not required to undergo a disability assessment by the Agency for Integrated Care (AIC) and apply to join CareShield Life using our eService by 31 December 2023, you will be eligible for Participation Incentives of up to $4,000.
If you are required to undergo a disability assessment by AIC and attend your disability assessment after 31 December 2023, you will not be eligible for the Participation Incentives of up to $4,000 as your application will only be approved as per your disability assessment date.
Therefore, you are encouraged to apply to join CareShield Life early if you are planning to do so.
This information is sourced from MOH
Related questions
I have previously joined and opted out from CareShield Life. Will I still be eligible for Participation Incentives of up to $4,000 if I join CareShield Life by 31 December 2023?
I am a Singapore Citizen born in 1979 or earlier. How much CareShield Life participation incentives am I eligible for if I join and are covered under CareShield Life by 31 December 2024?
I am born in 1979 or earlier. Can I opt out from the CareShield Life scheme after joining (e.g. if I cannot afford the premiums)?
I am an existing ElderShield/ElderShield Supplement policyholder. Do I have to join CareShield Life?
