Introduction Medifund is an endowment fund set up by the Government to help needy Singaporeans who are unable to pay for their medical expenses. Medifund acts as a safety net for those who cannot afford the subsidised bill charges, despite Medisave and MediShield coverage. Set up in April 1993 with an initial capital of S$200 million, the Government will inject capital into the fund when budget surpluses are available. The Government utilises the interest income from the capital sum, which stands at S$1.66 billion (FY 2008), to help needy patients who have exhausted all other means to pay their medical bills. Related Info: Check out the Frequently Asked Questions on Medifund