Every Singaporean has a Central Provident Funds (CPF) account, a compulsory savings plan initiative done by the government for working adults. As seniors, their healthcare risks increase significantly, Singapore has tried to mitigate such health burdens by giving eligible seniors aged 65 and above in 2022 a GSTV - Medisave of $150 - $450 in August 2022.
Additionally, to help support seniors, Medisave top-ups worth $450 will be disbursed to Singaporean seniors 55 years and above from 2023 to 2025 as part of the $6.6 billion.
The CHAS card, short for Community Health Assist Scheme, is a vital government initiative in Singapore designed to make healthcare more affordable for citizens.
- Subsidised Medical and Dental Care: CHAS cardholders receive significant cost reductions for medical services at participating CHAS clinics. Some CHAS Plus cards even extend subsidies to participating dental clinics.
- Tiered Subsidy System: CHAS offers different tiers of cards with varying subsidy levels. This ensures those who need it most – typically lower and middle-income households – receive the highest level of support.
Live Active
This program encourages seniors to participate in regular physical activities. It might include low-impact group exercise classes, or even tai chi and yoga. The goal is to keep seniors moving and improve their functional fitness for daily living.
EHWP is a collaborative effort between the Health Promotion Board (HPB) and the People's Association (PA). This program empowers seniors to take charge of their well-being through a variety of programs that target physical, mental and social well-being. It's designed to empower seniors to take an active role in managing their well-being across various key areas:
live nourished
This program focuses on promoting healthy eating habits for seniors. It provides guidance on a healthy diet for seniors, to allow them to get a nutritious diet.
Live mindful
This program focuses on promoting mental well-being in seniors. There might be workshops or talks on stress management, coping with anxiety or depression, or even memory enhancement techniques.
Expanding Eldercare Places: The government is actively increasing the availability of eldercare options to meet the growing needs of the senior population. This includes expanding senior daycare centers, home care services, and nursing home beds
Community Networks for Seniors: The government is building a network of senior activity centers island-wide. These centers provide a platform for social interaction, learning new skills, and staying engaged with the community.
The Silver Support Scheme in Singapore is a social safety net initiative aimed at providing financial assistance to elderly Singaporeans who have had lower incomes throughout their lives and thus have lesser savings for their retirement. The scheme was introduced as part of the government’s efforts to ensure that all elderly citizens can maintain a basic standard of living in their retirement years. The main goal of the Silver Support Scheme is to supplement the retirement income of the elderly with financial assistance, helping to alleviate poverty among seniors who had low earnings and limited Central Provident Fund (CPF) savings during their working years.
Singaporeans above 60 can get a concession card, paying subsidized rates for bus and train services.