Will the Government be more lenient in its underwriting and claims processes compared to the insurers if it administers CareShield Life/ElderShield?

Q: Will the Government be more lenient in its underwriting and claims processes compared to the insurers if it administers CareShield Life/ElderShield?

CareShield Life/ ElderShield will still be targeted at severe disability, i.e. no change from. insurer’s previous criteria for ElderShield. However, as a single administrator, the Government can achieve better consistency in the implementation of underwriting and claims processes across insureds.

Question

Will the Government be more lenient in its underwriting and claims processes compared to the insurers if it administers CareShield Life/ElderShield?

Accepted Answer

CareShield Life/ElderShield will still be targeted at severe disability, i.e. no change from. insurer’s previous criteria for ElderShield. However, as a single administrator, the Government can achieve better consistency in the implementation of underwriting and claims processes across insureds.

This information is sourced from MOH.

Will the Government be more lenient in its underwriting and claims processes compared to the insurers if it administers CareShield Life/ElderShield?

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