ElderShield Assessmentis a long-term care insurance scheme that assists in defraying costs. Elder Shield was first introduced in September 2002 by the Ministry of Health as a severe disability insurance policy. It provides minimal financial protection to those who require long-term care, especially in their senior years. It provides a monthly cash payment for up to 72 months to aid with out-of-pocket costs associated with the care of severely disabled people.
In 2019, qualifying Singapore Citizens and Permanent Residents (PRs) with a Medisave Account who were 40 years old or younger received an ElderShield Assessment.
How much does ElderShield pay out?
ElderShield members will get monthly payouts of $300 or $400 for up to 5 or 6 years. It is applicable only if they suffer a major impairment, depending on when they originally joined the programme.
ElderShield has two distinct plans to choose from:
- ElderShield300
- ElderShield400
If you joined ElderShield after September 2007, you will be covered by ElderShield400. ElderShield300 will protect you if you joined up for ElderShield between September 2002 and August 2007. This plan pays you $300 per month for a maximum of 60 months (5 years).
How do I become a member of Elder Shield?
If you were born in 1980 or after, you will be automatically covered under Care Shield Life at the end of 2020. It is not necessary for you to join ElderShield. You can re-join ElderShield if you were born in 1979 or earlier and previously opted out by contacting any ElderShield insurer (e.g. Aviva, Great Eastern, or NTUC Income). All three insurers offer the same rates and payouts under ElderShield. A medical examination will be required of you. If you have a pre-existing medical problem, the insurance company may reject your application.
ElderShield Assessor
Accredited ElderShield Assessors conduct ElderShield and Interim Disability Assistance Programme for the Elderly (IDAPE) assessments. ElderShield and MyCare use the identical claim forms and panels of Appointed Assessors. The Claim Form just has to be completed once.
Please follow these three simple steps to file a claim if you are currently unable to perform three or more Activities of Daily Living (Washing, Dressing, Feeding, Toileting, Transferring, and Mobility).
- Complete the claim form by printing it and filling it out.
Alternatively, you can pick up a copy at our customer service center or contact to have one shipped to you.
- Make an appointment
Make a medical assessment appointment with an Appointed Assessor.
- Visit your appointed Assessor
Bring the completed Claim Form with you, and the assessor will send the documentation to your insurance company for processing.
Lasting Power of Attorney (LPA)
A Lasting Power of Attorney (LPA) is a legal document. It that allows someone over the age of 21 (the “donor”) to name one or more people (the “donee(s)”) to make decisions. It also allows act on their behalf in the event that they lose mental ability.
Benefits
Allows a person to appoint a dependable and competent proxy decision maker to act in his or her best interests in the event that he or she loses mental capacity.
Reduces the stress and hassles experienced by family members who are forced to seek a Deputyship order if a loved one loses mental capacity without an LPA in place.
LPA Types
There are two kinds of lpa, as listed below:
- A home and financial matters LPA
One of two types of LPA is for financial choices such as selling the donor’s residence or managing their bank account.
- An LPA will for health and well-being
For health and personal welfare decisions such as where to reside, day-to-day care, and medical treatment.
Cheapest lpa certificate issuer
While completing your LPA, a cheapest lpa certificate issuermust witness and certify the LPA Form. Three different categories of experts issue LPA certificates, they are as follows:
- Medical professionals who have received accreditation
- Lawyers
- Psychiatrists
The LPA certificate issuer also guarantees that the Donor was not duped into making the it through fraud or improper influence. The rates charged by the most frequently visited lawyers range from $0 to $40, with the majority charging $150. A team of LPA Certificate Issuers on staff. Applicants who use Form will now only have to pay the professional costs of LPA certificate issuers. It includes accredited general practitioners, psychiatrists, or lawyers, which can range from to.
The certificate issuer will explain the terms and implications of an LPA to you and witness your signature on the LPA form. Applicants must pay a fee to have their application witnessed and certified by an LPA Certificate Issuer. Issuers of Lasting Power of Attorney Certificates. An LPA Certificate Issuer while completing your LPA can only see and confirm your LPA.