Hi. may I know how much do i need to pay from ms for basic careshield if i am 64 and is it worth to get supplement plan at my age?

Hi anon,

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In a nutshell, your premiums are personalized and you should go to https://www.careshieldlife.gov.sg/home.html to check your personal premiums (they will vary based on gender).

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I highly encourage you to upgrade to basic careshield from eldershield as the benefits are much better, and government subsidies plus the fact that careshield is a national scheme with a bigger risk pool will mean that the premiums are rather cost efficient.

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For the supplement plan, you will have to undergo medical underwriting and given your age, the premiums will be higher. However, it can provide a much needed boost in the payout amount if something happens to you (fingers crossed you will remain healthy for life) given that Careshield pays $600/mth which can't even cover the cost of a maid.

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You will have to also calculate the sustainability of your premiums for the supplement plan as well, to ensure that your coverage does not lapse.