Enhancements to ElderShield scheme

Some of you might have heard – our national long term care insurance scheme, ElderShield, will be enhanced and renamed as CareShield Life. This is a good move as Singapore’s population is rapidly aging with shrinking family sizes, hence a declining old-age support ratio. To be launched in 2020, some of its key points are below: CareShield…

How Can You Cope With Long Term Care?

I would like to share with you the story of two friends of mine, who are in distress because their parents require long term care. George and Joanne are a married couple in their late 40s. George just put his parents in a nursing home, which costs $2,000 per person every month. At the same…