 The Ministry of Health will run ElderShield from 2021 on a not-for-profit basis, taking over from the three private insurers.This arrangement will allow a smoother upgrade to CareShield Life.It has 1.2 million policyholders as of 2015, with $2.6 billion collected in premiums, and around $100 million in payout claims and $130 million in premium rebates between 2002 and 2015.