Careshield Life Supplement

[boredboiboi]

recently Aviva sent me brochure for MyLongTermCare which is supplement for eldershield.

am currently on eldershield 400. does it make sense to buy the supplement ?

Why not ask yourself the other way round? What does not make sense to you not to buy?

 

[qhong61]

Why not ask yourself the other way round? What does not make sense to you not to buy?

GE comprehensive premium need to pay till 2061. Is it worth it? Already paid for 7yrs. Payout only $400 monthly for life.

 

[qhong61]

Why not ask yourself the other way round? What does not make sense to you not to buy?

Cos getting careshield life.

 

[Nancy Fancy]

Also would like to share that GE just launched its new careshield life supplement plan

- 50% monthly benefit payable upon 1 ADL
- caregiver benefit & dependent care benefit
- premium payment terms is up to 95 years old (age last birthday)

 

[boredboiboi]

GE comprehensive premium need to pay till 2061. Is it worth it? Already paid for 7yrs. Payout only $400 monthly for life.

What ur age? Why only 400 benefit?
I believe upgrade of careshield might give u higher payout.

 

[qhong61]

Also would like to share that GE just launched its new careshield life supplement plan

- 50% monthly benefit payable upon 1 ADL
- caregiver benefit & dependent care benefit
- premium payment terms is up to 95 years old (age last birthday)

So can convert comprehensive to tis new supplement?

 

[qhong61]

What ur age? Why only 400 benefit?
I believe upgrade of careshield might give u higher payout.

Planning to convert Eldershield to careshield life. Plus tis GE comprehensive. Think should be sufficient?

 

[qhong61]

Also would like to share that GE just launched its new careshield life supplement plan

- 50% monthly benefit payable upon 1 ADL
- caregiver benefit & dependent care benefit
- premium payment terms is up to 95 years old (age last birthday)

What kind of caregiver benefit?

 

[Nancy Fancy]

Planning to convert Eldershield to careshield life. Plus tis GE comprehensive. Think should be sufficient?

Before you make the decision, you may want to weigh the cons and pros.
Need to look at how much benefit you can have with this new GE supplement plan. Generally speaking, the later the entry age ,the higher the premium.

 

[qhong61]

Before you make the decision, you may want to weigh the cons and pros.
Need to look at how much benefit you can have with this new GE supplement plan. Generally speaking, the later the entry age ,the higher the premium.

U from GE?

 

[Nancy Fancy]

What kind of caregiver benefit?

Caregiver benefit is 60% of monthly benefit payable upon inability to perform at least 2 ADLs for up to 12 months

 

[Nancy Fancy]

U from GE?

Yes.

 

[boredboiboi]

Planning to convert Eldershield to careshield life. Plus tis GE comprehensive. Think should be sufficient?

Ur medisave limit is only 600. If u upgrade both, u might need to fork out cash

 

[qhong61]

Ur medisave limit is only 600. If u upgrade both, u might need to fork out cash

Thot pte careshield supplement $600 fm medisave. Govt careshield life separate budget?

 

[Nancy Fancy]

Thot pte careshield supplement $600 fm medisave. Govt careshield life separate budget?

Yes, your understanding is correct.
Government allows up to $600 per calendar year per person insured from medisave for careshield supplement. Government careshield life is fully paid by medisave.

 

[boredboiboi]

Thot pte careshield supplement $600 fm medisave. Govt careshield life separate budget?

My understanding is they are both long term care and same category, budget limit should be $600 for both together. I might be wrong. Careshield upgrade limit is $600, i am talking about eldershield upgrade and care shield upgrade, as u are talking about keeping both. Both limit total is $600. $600 is for the upgrade portion, excluding the basic.

 

[qhong61]

Also would like to share that GE just launched its new careshield life supplement plan

- 50% monthly benefit payable upon 1 ADL
- caregiver benefit & dependent care benefit
- premium payment terms is up to 95 years old (age last birthday)

If high cholesterol, can buy?

 

[mummynew]

If high cholesterol, can buy?

I have a frn few years ago applied for Aviva supplementary eldershield. She was in her 40s then with high cholesterol (on medication). I remember she was 'offered' around 50% of premium loading and she accepted it.

 

[boredboiboi]

If high cholesterol, can buy?

Depends on how serious it is

 

[qhong61]

Depends on how serious it is

Meaning?