For elderly people who choose to remain in their own homes the Government, since 2002, has authorised a severe-dis ability insurance scheme, Eldershield.
Eldershield premiums can be paid with the Central Provident Fund (CPF) money that Singaporeans are required to set aside for their retirement. ElderShield is offered by two insurance companies: NTUC In come and GreatEastern Life. It is currently one of only a small number of CPF plans that are operated by private insurers.
Singaporeans aged 40-69 are automatically enrolled in ElderShield un less they already suffer from one of six named disabilities or un less they ask to opt out.
As many as 40% of those eligible have opted out. (They can opt back in at any time up to the age of . Over 740,000 per sons are registered none the less. The scheme identifies six functions: ability to bathe, move from bed to chair, go to the toilet, eat, walk, dress. Members who cannot perform any three of these activities are entitled to claim S$300 per month for up to five years to pay for