Read more updates on the latest recommendations proposed by the ElderShield Review Committee (ESRC) to enhance ElderShield, as part of the efforts to further strengthen our social safety nets for an ageing population.
Long Term Care can be very costly, especially if you are unable to care for yourself for an extended period of time. As most people are not able to save enough money for their own Long Term Care, the financial burden falls to their loved ones who will have to juggle between work and caregiving obligations.
Singapore Citizens and Permanent Residents with Medisave accounts are automatically covered by basic ElderShield at age 40. In the event of losing the ability to perform at least 3 out of 6 Activities of Daily Living (ADLs)1, you will receive S$400* Monthly Benefit payouts for up to six years.
ElderShield Comprehensive is designed to supplement basic ElderShield by providing higher benefits while stretching coverage up to a lifetime, to help you lessen the financial burden and provide greater peace of mind.