CareShield Life and Long-Term Care Bill
- The CareShield Life scheme aims to provide universal, basic long-term care coverage for Singaporeans, with a focus on inclusiveness, affordability, and sustainability, and will be auto-enrolled for those born in 1980 or later while remaining optional for older cohorts.
- Premiums are kept affordable through government subsidies, the use of MediSave, and early enrollment at age 30, but the scheme's design—including gender-differentiated premiums based on actuarial data—sparked debate on equity, with the Senior Minister of State emphasizing that gender-neutral premiums could lead to adverse selection and risk pool imbalances.
- The government has established safeguards such as the CareShield Life Council for oversight, provisions for additional premium support for those in genuine need, and measures to prevent fraud and ensure transparency in claims and fund management.