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What is ElderShield?

ElderShield is a Long-Term Care insurance scheme that Singaporeans are enrolled in on an opt-out basis when they reach the age of 40 years old. It is designed to provide a monthly payout to the insured upon severe disability typically associated with old age (hence the name).

Similar to MediShield, the premiums are payable by a CPF Member’s Medisave account, and there are optional supplements to be purchased with private insurers (as of writing, three insurers offer such supplements).

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