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Elijah Lee
13 Nov 2019
Senior Financial Services Manager at Phillip Securities (Jurong East)
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Hariz Arthur Maloy
13 Nov 2019
Independent Financial Advisor at Promiseland Independent
Nothing. It will still continue. Your basic eldershield would be the one that can switch over to the newer Careshield Life. Careshield Life will have its own set of supplement plans like MyCare is to Eldershield, but not much news about that yet. :)
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Hi Ai Chung,
Even after Careshield arrives in 2020, current eldershield supplements will still be in force. They won't be terminated. If you are born 1979 or earlier, you'll be ported over to Careshield from mid-2021.( Note that there's a little bit of a 'waiting period' to join if you have opted out of ES400.) If you are already on Eldershield but have not enhanced your coverage, there's no harm doing so. If you are born 1980 or later, just wait for more annoucements which will come soon.
I think I better just create a 'table' of sorts here
In 2020:
Yes, have ES400, and not severely disabled
Yes, have ES400, and severely disabled
Yes, opted out of ES400, not severely disabled
Welcome to CSL when you turn 30 (automatic)