I checked my CPF accounts today and noticed that some money is missing in Medisave. It is no longer at the cap amount of $63k. $179 to be exact. A quick check on recent transactions reveal this deduction labelled as CSL, which means Careshield Life premium deduction. Careshield Life is a long-term care insurance scheme that provides basic financial support should Singaporeans become severely disabled and need long-term care. This scheme was announced on Aug 2020 and is compulsory for Singapore citizens born in 1980 or later, but us optional for Singapore citizens born in 1979 or earlier. This scheme provides lifetime coverage once you completed paying all your premiums, which will happen in the year you turn 67, or 10 years after you join the scheme, whichever is later. The benefits are monthly lifetime cash payouts for as long as you remain disabled. Payouts start at $600/month in 2020 and $612/month in 2021 and will increase over the years, in tandem with premium increments....