CMFAS HI Disability Income & Long-Term Care question: Comparing ElderShield and CareShield Life

CMFAS HIDisability Income & Long-Term Care

Comparing ElderShield and CareShield Life, which statement is accurate?

A They use different triggers: ElderShield needs 3 of the 6 ADLs, but CareShield Life pays once just 1 of the 6 ADLs is lost
B Both trigger on inability to perform 3 or more of the 6 ADLs, but CareShield Life pays for life while disabled and ElderShield caps the months
C Both trigger on 3 or more of the 6 ADLs, and CareShield Life, like ElderShield400, pays a fixed S$400 a month for up to 72 months
D Both trigger on 3 or more of the 6 ADLs, but only ElderShield premiums can be paid from MediSave, not CareShield Life premiums

Show the answer and explanation

Answer: B. Both trigger on inability to perform 3 or more of the 6 ADLs, but CareShield Life pays for life while disabled and ElderShield caps the months

Both schemes trigger on the inability to perform three or more of the six ADLs (assessed by an MOH-accredited assessor). The key difference is duration: ElderShield pays for a capped period (60 or 72 months) while CareShield Life pays for the entire duration of disability, and both can be paid from MediSave.

Common mistake

The ADL trigger (3 of 6) is the same; the difference is pay-out duration, not the number of ADLs.

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