Singapore needs to prepare for a rapidly ageing population. In the next 10 years, the number of seniors (aged 65 & above) will double to almost over 900,000. As such, the Government has unveiled plans to ensure that the Silver generation can age healthily and gracefully.
There have been many useful subsidies by the Singaporean Government. If you are a caregiver or caring for the Silver generation, our guide is here to help you defray the high costs of healthcare and pick the best subsidy or scheme that best suit your needs.
Jaga-Me’s The Silver Lining Subsidies is a three part series that covers a wide range of your expenses and the various grants, schemes and subsidies offered by the government to assist you.
Read The Silver Lining Subsidies: Daily Living & Outpatient Expenses here!
Use the links below to help you navigate through The Silver Lining Subsidies: Cash Payouts!
Interim disability assistance programme for the elderly (IDAPE)
What is it?
IDAPE is for seniors who are not eligible for ElderShield. ElderShield was introduced in 2020, thus these seniors might have already reached the maximum age or have pre-existing disabilities. Seniors who fall through the cracks for ElderShield are eligible for the IDAPE scheme.
Up to 72 monthly payouts ($150/$250)
Payment can be used for hospital bills, nursing costs or FDWs
Eldershield life is an insurance scheme to protect Singaporeans aged 40 & above in the event that we are severely disabled.
Benefits: They can receive:
Coverage for life even after premium payments are stopped at 65.
Premiums can be paid through Medisave.
Pay premiums until the age of 65 or when you make a claim.
ElderShield was introduced in 2002 as a basic long-term care insurance scheme targeted at severe disability, especially during old age.
“Severe disability” is the inability of an individual to perform three or more Activities of Daily Living (ADLs) independently, with or without mobility aids (e.g. walking aids, wheelchair). This means that the individual will require the physical assistance of a caregiver for the ADL.
There are many grants, schemes and subsidies made available by the Singaporean government to ensure that the Silver generation retire with grace and dignity without the financial burden on their families. However, the assistance provided is only useful if the people who qualify for them are well-informed. We hope we have helped you in being well-informed so that you can help others to receive the full benefits of these resources.
At Jaga-Me we believe in making healthcare accessible and available to everyone. We provide personalised and curated care for your loved ones. If you need a trained nurse to do professional medical procedures or simply someone to accompany you If you need a trained medical escort to accompany your loved ones for their medical appointments or a trained nurse to do nursing procedures, you can engage our care services.