According to the Singapore Ministry of Health, the country’s citizens are living longer. This increases the need for long-term care as the risk of disability and serious illness is higher in old age. MOH estimates half of Singaporeans over the age of 65 could become severely disabled in their lifetime. And out of those, three in 10 could live with severe disability for 10 years or more. These disabilities could come from accidents or illnesses, leading to the need for long-term care over a prolonged period. What is long-term care? Long-term care is the personal and medical care needed when an individual suffers from a disability. There are different types of long-term care.

• Home-based care
• Centre-based care
• Nursing homes

Since 1 Oct 2020, CPF launched a mandatory national insurance scheme called CareShield Life. (Read more: All You Need to Know About CareShield Life) Those who were born between 1980 and 1990 (aged 31 to 41 in 2021)...