askST: CareShield Life - how does it work?

CareShield Life is to help you financially should you become severely disabled and require long-term care. PHOTO: ST FILE
New: Gift this subscriber-only story to your friends and family

SINGAPORE - A new long-term care insurance, called CareShield Life, will be launched in 2020, the Health Ministry announced on Sunday (May 27).

Under the new scheme, subsidies will be provided by the Government to help ensure coverage, which is compulsory for new cohorts. Here is what you should know.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's WhatsApp Channel and get the latest news and must-reads.