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How was the payout amount of $250/month decided for ElderFund?



ElderFund will supplement existing Government subsidies/assistance schemes, community support, and family support, to better enable lower-income Singaporeans to afford their basic long-term care needs.

As a comparison, the payout of $250/month is similar to the current level of payouts under the Interim Disability Assistance Programme for the Elderly (IDAPE).

If you are still unable to meet your long-term care needs after tapping on the various means-tested Government subsidies and assistance schemes, you can apply for financial assistance through Government-funded safety nets such as MediFund and ComCare. 

This information provided here is sourced from the MOH website.

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