ElderFund is a new discretionary assistance scheme, officially launched in end Jan 2020. It is targeted at assisting lower-income Singapore Citizens aged 30 and above, who have developed severe disability and are not able to benefit from CareShield Life, ElderShield and Interim Disability Assistance Programme for the Elderly (IDAPE), and have low MediSave balances and inadequate personal savings to meet their long-term care needs.

Eligible Singapore Citizens can receive up to $250 in monthly cash payouts for as long as they are unable to do three or more Activities of Daily Living (ADLs).

This information is sourced from MOH