CareShield Life supplements: An extra hedge against rising long-term care costs
For ‘super-aged’ Singapore, heavy burden of care falls on public health services, families and personal finances
Add BT as a preferred source
[SINGAPORE] That we could live very long lives to our 90s and beyond is surely a blessing – but it’s also a daunting prospect, at least to me.
Will I be in good health? If not, would I have the resources to fund possibly many years in a disability that could be crippling?
Last week, the Ministry of Health (MOH) unveiled an enhancement to Singapore’s national long-term care insurance, CareShield Life. From next year, the scheme’s monthly benefit will grow at a rate of 4 per cent a year, from 2 per cent currently. To cushion the expected premium rises, the government is providing S$570 million in premium support over the next five years.
TRENDING NOW
Singapore developer in limbo after Timor-Leste scraps major township project
Troubled platform UCars founded by group of dealers wound up on S$4 million debt
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
That ‘cheap’ Malaysia condo could cost Singapore buyers far more than they think
