Insurance
CareShield Life (NEW Oct 2020) How much it cost for nursing a disabled will shock you!
By The Astute Parent  •  August 30, 2020
CareShield Life will be mandatory for all citizens from 1Oct2020.

For citizens age30-40, this will be the first deduction of premiums from medisave and it will be a lifelong program.

Use Of CareShield Life Coverage To You

CareShield Life is NECESSARY even with MediShield Life which seeks to protect you from hospital and surgical costs. CareShield Life on the other hand is for LONG TERM rehabilitation and treatment due to severe disability

My experience with long term disability needs

My father is a stroke patient since 2005.

When he went down, the 3 month hospital bill was $13,000+ for the multiple surgeries to the head and brain. The bill was taken care by his integrated plan (IP).

However, the cost to us family members did not stop after discharge from hospital.

This is a list of monthly cost

1) Domestic helper/Maid

Over the next 13 years, we employed a maid to be the FULL TIME care giver.

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By The Astute Parent
We have been sharing in-depth insurance plan reviews to our community since 2016. TheAstuteParent is now the BIGGEST online resource of financial planning guides. We are committed to upholding it that way.
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