Latest / Your Way Home with Hongbin Jeong
The Big Story: CareShield Life payouts set to rise in 2026, but does it really ease long-term care burdens?
CareShield Life, the national long-term care (LTC) insurance scheme, will be enhanced from Jan 1, 2026, with higher monthly payouts and more government support to help policyholders cope with the resulting premium increases. CareShield Life’s monthly payouts will grow at a rate of 4 per cent a year, from the current 2 per cent. To mitigate the impact of the resulting premium hikes, the Government will provide an additional $570 million in premium support over the next five years. But experts say it remains a basic scheme that might cover only a small portion of the overall costs…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.