Review of ElderShield

Debated in Parliament on 11 Nov 2013.

Summary written by AI (learn more)

Ms Tan Su Shan questioned if ElderShield's adequacy would be reviewed alongside the new MediShield Life terms.
The Ministry of Health stated it regularly reviews long-term care insurance like ElderShield to meet Singaporeans' needs.
ElderShield currently provides up to $400 monthly for six years for severe old-age disability.
MOH is reviewing ElderShield's design parameters to consider long-term care needs and premium impacts.
The review aims to support higher benefits while ensuring the scheme remains sustainable.

Questions identified by AI (learn more)

Full Transcript

Tan Su Shan

Ms Tan Su Shan asked the Minister for Health whether the Ministry will review ElderShield, specifically its adequacy, in tandem with drafting of the new terms of MediShield Life.

Gan Kim Yong

MOH regularly reviews catastrophic and long-term care insurance coverage, MediShield and ElderShield respectively, to ensure they meet Singaporeans’ needs.

We have undertaken a major review of MediShield. With the introduction of MediShield Life, all Singaporeans will benefit from better coverage for large subsidised hospital bills.

ElderShield provides basic protection to help meet the costs of long-term care due to severe old-age disability. Today, the scheme provides monthly cash payouts of up to $400, for up to six years.

We are in the process of reviewing the key design parameters of ElderShield, taking into consideration long-term care needs and the impact on ElderShield premiums to support higher benefits.

Review of ElderShield | PAPERCUTS

Review of ElderShield

Debated in Parliament on 11 Nov 2013.

Summary written by AI (learn more)

Ms Tan Su Shan questioned if ElderShield's adequacy would be reviewed alongside the new MediShield Life terms.
The Ministry of Health stated it regularly reviews long-term care insurance like ElderShield to meet Singaporeans' needs.
ElderShield currently provides up to $400 monthly for six years for severe old-age disability.
MOH is reviewing ElderShield's design parameters to consider long-term care needs and premium impacts.
The review aims to support higher benefits while ensuring the scheme remains sustainable.

Questions identified by AI (learn more)

Full Transcript

Tan Su Shan

Ms Tan Su Shan asked the Minister for Health whether the Ministry will review ElderShield, specifically its adequacy, in tandem with drafting of the new terms of MediShield Life.

Gan Kim Yong

MOH regularly reviews catastrophic and long-term care insurance coverage, MediShield and ElderShield respectively, to ensure they meet Singaporeans’ needs.

We have undertaken a major review of MediShield. With the introduction of MediShield Life, all Singaporeans will benefit from better coverage for large subsidised hospital bills.

ElderShield provides basic protection to help meet the costs of long-term care due to severe old-age disability. Today, the scheme provides monthly cash payouts of up to $400, for up to six years.

We are in the process of reviewing the key design parameters of ElderShield, taking into consideration long-term care needs and the impact on ElderShield premiums to support higher benefits.

Review of ElderShield

Summary

Questions Identified

Full Transcript

Tan Su Shan

Gan Kim Yong

Summary

Questions Identified

Review of ElderShield

Summary

Questions Identified

Full Transcript

Tan Su Shan

Gan Kim Yong

Summary

Questions Identified