ElderShield was first introduced by the Ministry of Health (MOH) back in September 2002 to meet long term care financing needs. It is a disability insurance scheme to help people who are severely disabled, people who are not able to do 3 out of the 6 Activities of Daily Living (ADL)s. Here are the 6 ADLs:
- Transferring: the ability to move from a bed to an upright chair or wheelchair and vice versa
- Mobility: the ability to move indoors from room to room on level surfaces
- Toileting: the ability to use the lavatory or otherwise manage bowel and bladder functions so as to maintain a satisfactory level of personal hygiene
- Dressing: the ability to put on, take off, secure and unfasten all garments and as appropriate, any braces, artificial limbs or other surgical appliances
- Washing: the ability to wash in the bath or shower (including getting into and out of the bath or shower) or wash satisfactorily by any other means
- Feeding: the ability to feed oneself once food has been prepared and made available
All Singaporean-Citizens and Permanent-Residents (All CPF members) who reach the age of 40 will automatically be enrolled for ElderShield. An opt-out scheme that doesn’t require you to do any additional sign-ups. Premiums for Eldershield insurance schemes are extremely affordable. You are able to deduct straight from your Medisave account. Alternatively, you are also able to pay by Interbank GIRO, Cheque or cash.