A Singapore Government Agency Website 

avatar0 in

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

mohLogo

moh

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.


Let other citizens know if this answer was helpful
Did this answer your question?

Can’t find what you’re looking for?