SINGAPORE - The committee reviewing the ElderShield scheme will be launching a series of public consultation sessions, with the first to be held in January.
It is looking for Singaporeans' suggestions on how to improve the insurance scheme, which helps those with severe disabilities meet their financial needs.
It includes deciding on the right level of ElderShield coverage and benefits, as well as how to ensure that premiums remain affordable.
Currently, the scheme only covers people for up to six years, providing up to $400 in payouts every month.
As part of the consultation process, the ElderShield Review Committee will also be speaking with healthcare and insurance experts, as well as caregivers and long-term service providers.
ElderShield covers 1.2 million people aged 40 to 83 for severe disability as of end 2015.
The first session will be held on Jan 11 at YMCA of Singapore at 7pm. The next two will be held on Feb 18 and March 23. More dates will be made public on the ElderShield website when they are confirmed.