South Carolina expands Elder Care Trust Fund and geriatric physician loan forgiveness programs

The South Carolina Senate Legislative Oversight Committee recently highlighted significant initiatives aimed at improving the lives of older adults in the state during a meeting on March 19, 2025. Among the key topics discussed were the Elder Care Trust Fund, the Geriatric Physician Loan Forgiveness Program, and the HUD Minor Modification Program, all designed to enhance support for seniors.

The Elder Care Trust Fund, established in 1992, has awarded over $550,000 in grants to nonprofit organizations that create programs for older adults to live at home with dignity. This year, four organizations received $20,000 each, including Anderson Interfaith Ministries and the Piedmont Agency on Aging. Residents can contribute to the fund through their income tax returns, making it easier for the community to support local initiatives.

Another vital program discussed was the Geriatric Physician Loan Forgiveness Program, which incentivizes physicians specializing in geriatrics to practice in South Carolina. Since its inception, the program has awarded $840,000 to 27 physicians, benefiting over 10,000 seniors. The committee is advocating for an increase in loan forgiveness from $35,000 to $50,000 to attract more specialists to the state, addressing the critical need for geriatric care.

The HUD Minor Modification Program aims to assist older adults in maintaining their homes through low-cost modifications. This program has expanded its reach to serve all 46 counties in South Carolina, allowing for home repairs that help prevent falls and other accidents. The program has demonstrated significant cost savings for the state, with a recent project costing $604,000 to modify 30 homes, potentially saving the state over $13 million in healthcare costs by keeping seniors in their homes.

These initiatives reflect a commitment to enhancing the quality of life for South Carolina's older population, ensuring they receive the care and support they need to thrive in their communities. As the state continues to address the unique challenges faced by seniors, these programs stand as vital resources for both individuals and families.