Presenting ElderFund: Financial Assistance for Seniors Made Easy

It can be difficult to estimate the expenses of care whether you are a family caregiver who is making plans for your elderly folk's future medical requirements. This is especially true if you are caring for those with developing chronic or long-term ailments along the road. Thankfully, there are extensive government health financing plans to help Singaporeans pay for medical and long-term care costs, notably those for vulnerable populations like the elderly and the poor. 

Discover how these programs, from ElderFund to MediShield Life, can assist you in more effectively managing your senior's healthcare costs.

What Is ElderFund?

The end of January 2020 saw the formal debut of ElderFund, a new program for older people to get discretionary financial aid. It is designed to help lower-income Singaporeans aged 30 and older with severe disabilities who are unable to receive benefits from CareShield Life, ElderShield, or even the Interim Disability Assistance Program for the Elderly, have minimal MediSave funds, and are lacking enough personal savings to cover their long-term healthcare demands. Should your elderly loved ones struggle to perform three of six ADLs, Singapore citizens who qualify are entitled to up to $250 in monthly compensation.

What Are the Benefits?

ElderFund was primarily established to shield all Singaporeans and Permanent Residents from high medical expenses and pricey outpatient procedures like dialysis as well as chemotherapy. According to MOH, qualified hospitals or medical facilities will pay for your inpatient care or some permitted outpatient procedures. Benefits from MediShield Life are calculated based on subsidized hospital costs, such as those for the B2 and C wards.

Generally, you are still protected by MediShield Life if you select other wards, but the costs for these non-subsidized services will be divided up before MediShield Life claims are calculated. Because of this, MediShield Life will only pay for a tiny fraction of unsubsidized costs.

What Are the Qualifications?

Generally, the qualification for ElderFund will be determined by the Agency for Integrated Care using the following standards:

  • Not being able to execute no less than 3 of 6 ADLs

  • 30 years of age or older

  • A Singaporean citizen who lives in Singapore

  • Not entitled to CareShield Life, ElderShield, or even IDAPE, or no longer receiving ElderShield and IDAPE as a current beneficiary

In addition, AIC will evaluate your financial eligibility for elderly monetary assistance using the following set of financial guidelines:

  • Applicants typically need to have MediSave balances under $10,000.

  • Typically, applicants must have a low monthly per capita family income of $1,200 or lower.

Singaporeans' applications and appeals that don't fit these requirements will be evaluated individually, as per CPFB.

How to Apply?

Use your Singpass to access the AIC eService site or eFASS. Online applications are strongly advised because of the shorter delay for application acceptance. To get a hardcopy application form should you fail to submit your application through eFASS, email AIC, or visit any of our AIC websites.

If you need help with the application, please get in touch with the old folks home where you are receiving care. Also, care receivers in nursing homes may request for payments to be paid to the home to balance their expenses. Also, be sure to read the Terms & Conditions ahead of submitting your application.

ElderFund vs MediFund: How Does It Compare?

ElderFund is generally a discretionary support program for seriously handicapped lower-income Singaporeans, whereas MediFund primarily assists patients who are unable to pay for their medical expenses, particularly individuals who are disabled or severely impaired.


Who should I turn to for assistance if I've become severely disabled?

Generally, you can depend on MediFund and ComCare if you are incapable to pay for your long-term care requirements after applying for all government incentives and assistance programs, including ElderFund. For further information and support if you need help managing your long-term medical needs, speak with a medical social worker or the Agency for Integrated Care.

Are there any plans to increase ElderFund benefits over time, similar to CareShield Life?

Regular premium increases help to sustain the regular growth in CareShield Life payments. The compensation remains constant once a claim is made by those covered by CareShield Life. The moderate disability assistance schemes by ElderFund will be financed by taxes. Eligible Singapore citizens who qualify may get up to $250 each month. For the whole period of their severe impairment, there won't be a cap on the payout period.

Are Singaporeans who live abroad eligible for ElderFund payments?

ElderFund's primary goal is to help Singaporeans who reside in Singapore. Singaporeans who live abroad are ineligible for ElderFund disbursements.

Can I still be eligible for ElderFund payments if I have plans in place or if MediSave Care allows me to withdraw funds?

Due to our primary focus on assisting Singaporeans with little MediSave balances, they are not going to exhaust the whole $200 monthly withdrawal cap while withdrawing under MediSave Care. Singapore citizens who are still incapable to pay for their long-term care needs after getting compensation from schemes in place may still be offered a grant from the ElderFund on an individual premise.

Are Singaporean citizens eligible for the ElderFund?

ElderFund's primary goal is to help Singaporeans who reside in Singapore. ElderFund will not be open to Singapore Permanent Residents.

Do infirmity assessments of ElderFund have to be updated frequently?

Reassessments may be required on an annual or recurring basis to evaluate if a care recipient of a severe disability scheme is still eligible for payments or disbursements. Periodic reassessments are free, regardless of the outcome of the examination. AIC will inform you if reassessments are required frequently.

What resources are available to me if I became severely disabled before turning 30?

Families that require assistance for a loved one younger than the age of 30 who has severe disabilities can take advantage of a variety of support programs, including therapy services subsidies, discretionary assistance scheme, and financial aid for early intervention initiatives run by the Ministry of Social and Family Development. Also, Singaporeans who need help paying for their care despite government assistance and other forms of support can turn to safety net programs financed by the government like MediFund and ComCare.

If I am a recipient of other financial assistance programs and I become severely disabled, would ElderFund automatically accept me?

ElderFund has strict eligibility requirements since it serves as a safety net for low-income Singaporeans who need money to cover their out-of-pocket expenses for long-term care. Additionally, it is intended to be discretionary, giving flexibility to accommodate a range of financial situations. As a result, to enable a thorough evaluation of your qualification for ElderFund, you must submit an ElderFund application.

Are nursing home residents qualified for ElderFund?

Your financial situation, level of handicap, and other ElderFund requirements all play a role in determining your eligibility. Singaporeans residing in nursing homes will also be evaluated for ElderFund eligibility using the ElderFund criteria. ElderFund reimbursements will be given to anyone who satisfies the requirements.

What is the turnaround time for processing, approval, and payout of my ElderFund application?

In most cases, your ElderFund application will be evaluated two months after it has been received in its whole. You can contact the Agency for Integrated Care via the AIC website or AIC helpline to find out the status if you haven't heard anything about your application after two months. After the application is approved, the reimbursement will be issued to the savings account you choose in the month that follows.

Is the ElderFund evaluation something I have to pay for?

The cost of a disability evaluation is $100 for a clinic-based and $250 for a non-clinic-based evaluation. If it is determined that you have a serious impairment, you will be paid for the assessment charge.

What is the location of ElderFund's list of authorized assessors?

On the website of the AIC, you may find a list of assessors of severe disabilities who have received MOH accreditation.

Can I visit my physician or therapist to determine that I qualify for the ElderFund?

A severe disability evaluation by a severe disability evaluator who has received MOH accreditation is required for those with severe disabilities who want to apply for ElderFund. The ElderFund requirement of being unable to do 3 of 6 ADLs will be eligible to be determined by professional, authorized severe disability assessors. Licensed therapists and registered nurses have been added to the list of qualified assessors.

Should I file an ElderFund appeal? What are my options for arguing my case?

We are aware that some people will require financial assistance for long-term care even if they do not fulfil the ElderFund eligibility requirements. You can get in touch with the Agency for Integrated Care by calling the AIC hotline, visiting the AIC website, or visiting the AIC Links, which are situated at Maxwell and the public hospitals.

If I get disability payments from various severe disability programs, would ElderFund automatically enrol me?

ElderFund has strict eligibility requirements since it serves as a safety net for low-income Singaporeans who need money to cover their out-of-pocket expenses for long-term care. Additionally, it is intended to be discretionary, giving flexibility to accommodate a range of financial situations. As a result, to enable a thorough evaluation of your suitability for ElderFund, you must submit an ElderFund application.

What distinguishes ElderFund from PioneerDAS and IDAPE?

Disability support programs for elderly Singaporeans are only available through the Pioneer Disability Support Scheme and the Interim Disability Assistance Program for the Elderly. Seniors who were 70 years of age or older, born on or before September 30, 1932, or who had already existing impairments were not qualified for ElderShield at the time, thus IDAPE was created to help them. For a maximum of six years, it offers either $250 or $150 per month, based on the recipient's per capita household income. Also, all Pioneers with moderate disability schemes who participate in Pioneer Disability Assistance Scheme receive a monthly payment of $100. As long as rewards are eligible, the severe disability scheme continues.

How was the $250 monthly compensation sum chosen?

To help lower-income Singaporeans better meet their basic long-term care requirements, ElderFund will complement already-existing government funding or assistance programs, and community and family support. Comparatively speaking, the monthly compensation of up to $250 is comparable to what is now being paid out under the Interim Disability Assistance Programme.

If a person has dementia or another form of cognitive impairment, does ElderFund automatically approve them?

Dementia or additional cognitive disabilities do not guarantee ElderFund eligibility; a severe disability assessment by a severe disability assessor who has received accreditation from the MOH is still required. This is due to the possibility that the applicant's functioning skills might be affected by dementia or cognitive decline to varied degrees.

How can I tell whether I have a serious disability?

To find out if you are seriously handicapped, you must see a severe disability assessor who has been approved by the MOH. If you are incapable to execute at least three ADLs, you are most likely to be rated as seriously impaired. These ADLs include eating, dressing, using the restroom, moving about, and transferring.

What assistance is offered for my long-term care expenses if I have a minor or moderate disability?

The goal of ElderFund is to uphold Singaporeans from severe disability in their later years, when they are most probably to require long-term medical attention but were unable to enrol in CareShield Life or ElderShield, have low incomes, low MediSave balances, and inadequate personal savings to cover these costs.

Redcrowns aims to help you live your senior years happily.
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Red Crowns Senior Living
What Is ElderFund?What Are the Benefits?
What Are the Qualifications?
How to Apply?ElderFund vs MediFund: How Does It Compare?

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