Singapore Government has already announced on 27 May 07 that the new reformed ElderShield will be launched in September 2007. What used to be a shunned medical plan for long-term care by Singaporean might now be more appealing and attractive to us. The new scheme will pay $400 for six years instead of five years. The new scheme also provides more supplements with flexibility for lower claim eligibility, higher payouts than $400 per month, longer payout with higher premium. Therefore, Singaporeans can use less cash now to buy a better long term care that suit your needs, with the basic Eldershield plan using Medisave, and up to $600 of Medisave for Eldershield supplements. In any way, the Medisave cannot be withdrawn except for medical purposes. Hence, it is prudent to ensure that the Medisave money is maximized to its highest benefits, namely, cover totally for our hospitalization and the long-term care. This is to say, use our Medisave money to protect us so that needed cash is being payout or reimbursed from the insurance. Else the maximum $30+K of Medisave may not last us very long when unfortunate events occur.