The Government committee reviewing severe disability insurance scheme, ElderShield, has recommended that individuals should start paying premiums at age 30 instead of 40 and that coverage should be made compulsory, even for those with pre-exisiting disabilities.

If these recommendations are passed, all Singaporeans above the age of 30 will be enrolled in the scheme and these individuals will not be able to opt out like they are able to do so now.

Delivering an interim update yesterday, the review committee added that the government should administer it instead of private insurance providers, should administer it.

According to the , ElderShield “provides basic financial protection to those who need long-term care. It provides a monthly cash payout to help pay for out-of-pocket expenses up to a maximum period of 72 months.”

Presently, every Singaporean is automatically enrolled into the scheme when they turn 40, with the exception of those with pre-existing severe disabilities who will not be covered.

40-year-old Singaporeans who choose not to opt out of the scheme will pay premiums of $175 per year for 26 years. If an individual chooses to join the scheme later in life, they will be charged higher premiums.

To make a claim, individuals must be unable to perform a minimum of three of the following six daily activities: washing, dressing, feeding themselves, using the toilet on their own, moving around indoors on their own, and getting themselves from a bed to a chair or vice versa.

If ElderShield is made compulsory and if premiums begin from age 30, all Singaporeans who are newly enrolled into the scheme at age 30 likely would have to pay premiums for an additional 10 years, compared to citizens who joined and stuck with the scheme since they turned 40.

The review committee, which was convened as the government apparently felt that it was necessary to plan for the long-term needs of the nation’s ageing , is expected to release the full of recommendations in the middle of this year.

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3 years ago

I am sad for our young generation

3 years ago

Wow. Take money earlier

3 years ago

No enough money again?

3 years ago

Next would be DeathShield to protect Singaporeans from Death.
With You For You For Singapore
Keep voting for them Singaporeans
After DeathShield it would be HellShield & HeavenShield to safeguard the afterlife journey

3 years ago
3 years ago

I would prefer unemployment insurance anytime.

3 years ago

Authority should plan long term need with the Tax and Profit they collected and not from the individual!
Individual basic rights is being invaded without any resistance anymore!
We dun elect a government to intrude our privacy how to live our life!

This white termite gang is desperate urh? Nmacb !! Everything’s also Guan !! and only they talk we gum lan !!! 70% song bo? everyday kena squeezed and screwed very happy hor!!!! Must be song y y hor!! if not would not be die die lick the pinkys’ and its’ white termite gang members’ balls !!! nahbeh!!

3 years ago

Hahahaha, nowadays age 30 is already qualified as elder liao and needing a shield for whatever!

3 years ago

Govt Committee paid extremely well….do you think they care…suddenly need more $$$….Investment gone wrong for Temasek again?

3 years ago

What’s the guarantee more is not needed later, any calculations done?
How will the risks of the investment portfolio be backed up?

3 years ago

wtf??? younger and younger??? eldershield at 30?? are they mad??? many singaporean males only started working at 25 to 27 after delays of National service.

3 years ago

Really sad for the younger generation so even at 30 years

3 years ago
Reply to  Huang Chiang

Some 30 yrs.old are still jobless.

3 years ago

Aneh waneh good one

3 years ago

Awesome lah u Sathia. Well said man!!

3 years ago

Good job voters! Keep up the good job and keep voting for them!

3 years ago

Must be crazy, why not start earlier ?
1) Babyshield = 0 – 6
2) Studentshield = 7 – 20
3) Teenageshield = 21 – 29
4) Adultshield = 30 – 39
5) Eldershield = 40 – 65
5) Oldieshield = 66 – 85
6) Finalshield = 86 – 95
7) Deathshield = > 95

3 years ago

Does it mean that the legal age for someone to be considered an ‘elder’ is now going to be 30? So we can start calling anyone older than 30 uncle and auntie, is it?

3 years ago

1 more shield to sapu all citizens blood money.

3 years ago

Nah… Eldershield should start immediately the moment someone pops OUT PF THE WOMB!!! Why should they start at 30? LOL

3 years ago

Another attempt to stop out flow of cpf money. Sounds like another desperate measure.

3 years ago
Reply to  Jeffrey Cheong

And 1 more they will add ie mandai or cck cemetery shield to jaga our spirits in Spura. GB.

Welcome to Singapore

3 years ago

Collection still not enough for the upcoming election campaign ma, so increase the base numbers to collect from … then after election, all collected amount will go to another created Sr.MM position after the 4th gen PM is elected.

3 years ago

Why do they keep taking our money? No backbone and so shameless.

3 years ago

All these money we are contributing … does it amount to the sum we will get back in the future ?

3 years ago

Ah long badly in need of more money. We are screwed!

3 years ago

Fuck

3 years ago

Something is not right, keep squeezing the citizens for money to solve the problems. Many thanks to those who voted them in.

Sathia,70% would even go on to believe “Deathshield” exists and even start paying for the premiums.

3 years ago

You have forgotten Reincarnation Shield to stop you from rebirth into the wrong form, place, family, type……

3 years ago

Coming out with such ridiculous compulsory scheme? Are you all ok?

3 years ago

In SG, you basically has to hand over your paycheck from day 1 to Govt to keep and apportion back in pittance for you to spend. If you don’t have enough, it’s your responsibility.

3 years ago
Reply to  Tet Choy Soon

Remember Keppel penalty

3 years ago

Legal extortion from pap government created by PM lhl

3 years ago

Well if lower age to 30 then extend payout to a lifetime!

3 years ago

goood……..goooood………..looks like my 1993 prediction of CPF’s inevitable collapse is getting closer………

3 years ago

After paying the premium and if there in no disability. Then the govt will pockets all these premium and you get nothing, this is Plain silly.

The word “Elder” means senior citizens! Will those at age 30 be granted transport concession rates when they subscribe to “Eldershield ”
Due to unhealthy lifestyle and too much meat without fruits and vegetables, many young men without exercise are down with stroke at mid thirties but eldershield payout is not sufficient as the patient has lost total income, insurance with payout of universal basic income is the right policy but will our government implement such policy?

3 years ago

VTO

3 years ago

No money so think of better idea to Attack the younger

3 years ago

Pls reveal how profitable the scheme is? I opted out cos i think it is expensive. I think this scheme is highly profitable for the insurer.

3 years ago

Notice been talking increased in pricing , compulsory etc… what else coming up…

3 years ago

New way for sucking our money! This way Singaporean is so resent about why we have such a government!

3 years ago

30 you call it elder ?? Basically it is robbery !! How many people could claim eldershield ? Can they show the number ??

3 years ago

If 30 is elder , we are seriously a very aged countries

3 years ago

there the PAP & Group of minister trying hard to lobby for this as another source of income and excuses to drawing more monies for them selves ALL