I am born in 1979 or earlier. Can I choose to receive the CareShield Life participation incentive as one lump sum?
The participation incentive is meant to encourage those born in 1979 or earlier to join CareShield Life by helping to offset the annual premiums payable. As such, the Government has designed it to be spread over 10 years of premium payment.
This information is sourced from MOH
Related questions
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 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?
Can I choose to receive the participation incentive as one lump sum?
I am born in 1979 or earlier. Can I choose to receive the CareShield Life participation incentive as one lump sum?
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