Is it worth taking up Careshield Life? Annual premium rose by almost 2 times !

[grevq80o]

Saw an "invite" from CPF to sign-up Careshield Life.

Premium rose substantially. Mainly due to so-called better payout but essentially pooling with high-risk, low ses.

Heard it is not easy to be certified 3ADL difficulty to submit for payout.

If so, is Careshield Life worth it?

U dun haf a choice. It's mandatory to join. U cannot opt out Huan.

 

[fire]

Saw an "invite" from CPF to sign-up Careshield Life.

Premium rose substantially. Mainly due to so-called better payout but essentially pooling with high-risk, low ses.

Heard it is not easy to be certified 3ADL difficulty to submit for payout.

If so, is Careshield Life worth it?

Not really an invite for me, they will automatically convert you and you have to go withdraw if dun want.

That's what I did, withdrew and remain on the old scheme. Old scheme can cancel also if I want to

 

[Mephist0pheLes]

Even if you're insured that kind payout of 6XX. It doesn't help much. Like what others said if living in such state. I can only associates it as torture. Not only to the patient but also family members. Just my thought.

the payout is not toto, it's not meant for u to live luxuriously after becoming disable, but its enough to cover a large part of the cost of hiring a helper.

and yea it's a torture, with or without the payout. but btw the 2, i rather to be a torture with $600 every month than torture without the payout.

 

[grevq80o]

Saw an "invite" from CPF to sign-up Careshield Life.

Premium rose substantially. Mainly due to so-called better payout but essentially pooling with high-risk, low ses.

Heard it is not easy to be certified 3ADL difficulty to submit for payout.

If so, is Careshield Life worth it?

Healthcare premiums up so much the Gov is unable to do anything..incompetent or lack of new ideas? We need to vote more.Oppo in to provide the necessary and correct type of support they need.

 

[yobyella]

Just checked:

CareShield Life premiums of $2xx.xx will be deducted from your MediSave Account.

So cheap?

 

[fire]

I thought CareShield Life is enrolled automatically unless you are born before 1970.

Auto if born 1980 or later but choice if before 1979 or earlier

 

[yobyella]

the payout is not toto, it's not meant for u to live luxuriously after becoming disable, but its enough to cover a large part of the cost of hiring a helper.

and yea it's a torture, with or without the payout. but btw the 2, i rather to be a torture with $600 every month than torture without the payout.

Already intergrated medishield $1k ++ annually. Add another 1k for careshield. If unemployed, no topup. Soon medisave zero balance

 

[Atilas]

Auto if born 1980 or later but choice if before 1979 or earlier

Okay, I guess I fell under the category with Eldershield. Thus, I was also auto enrolled.

Quote from the FAQ,

If you are a Singapore Citizen or Permanent Resident born between 1970 and 1979, covered under the ElderShield 400 scheme and did not develop severe disability, you have been auto-enrolled to CareShield Life from 1 December 2021. You can choose to opt out from CareShield Life by 31 December 2023 if you do not wish to join the scheme.

 

[Laguna123]

MOH just sent me a letter and invites me to join CareShield Life. I straight away tears up the letter and throw it into the rubbish bin. Haha

Need so drama meh?

 

[kw442]

So cheap?

I just log in to https://www.careshieldlife.gov.sg to view the detailed premium :

I got Less: Premium Subsidies at 30% + Less: Participation Incentive.

 

[fre3dom85]

I hope to die before I become such a liability

 

[The_Davis]

I just log in to https://www.careshieldlife.gov.sg to view the detailed premium :

I got Less: Premium Subsidies at 30% + Less: Participation Incentive.

Sian.. next year $290+
No more subsidies Liao

 

[Encouragesome1]

I hope to die before I become such a liability

Same for me .. I ll pray hard

 

[Encouragesome1]

MOH just sent me a letter and invites me to join CareShield Life. I straight away tears up the letter and throw it into the rubbish bin. Haha

I used it for nail clipping and wrap my fruit peels

 

[jq1986]

As with any form of insurance, you don't need it, until you do.

And I think the premiums are quite reasonable for the coverage?

 

[ceestudent]

This one like Disablity income insurance what.
You can even top-up the coverage to 5k, but of course the premium also increased tremendously.

 

[ceestudent]

As with any form of insurance, you don't need it, until you do.

And I think the premiums are quite reasonable for the coverage?

edmwer here assume all insurance is scam. Just blanket assumption.

 

[mosmos]

If chiu can afford $600/mth then dun buy

 

[windwaver]

It'll be so straight forward if anybody can choose to die when quality of life gets so bad that it's worse than death but can't do it.

I hope to die before I become such a liability

Most of the time it doesn't end this way with SG's longevity the highest among the world.

 

[carey]

if u got excess cpf, then buy loh. but need severe disability, then got payout.
i think premium is 1k+++ , then the payout is $600+
u go calculate worth anot.... but with aging population, i believe the premium will still increase. sigh~

I am not getting this

If we fail 3 of these basic functions, we don't have much time left anyway...