Key Takeaways:

  • There are numerous organizations and programs available to provide financial assistance to seniors, such as Feeding America, which serves 166 million meals annually, and Retirement Jobs, which helps seniors find work opportunities.
  • Medicaid and Medicare offer healthcare coverage and assistance with prescription drugs and attendant care, while Meals on Wheels provides home-delivered meals and AmeriCorps Seniors offer companionship and assistance with tasks like shopping or home repairs.
  • The Programs of All-Inclusive Care for the Elderly (PACE) offered by the National PACE Association offers comprehensive care to seniors at home, making it easier for them to maintain their independence and access the care they need.

s you get older, it is possible that your finances may become a source of concern. Fortunately, there are many organizations and programs designed to help individuals in financial distress.

Here are some resources that can provide financial help:

1. Feeding America

Feeding America is a nonprofit organization that provides food to the hungry in the US through their network of food banks. In their annual report, they state that they provided nearly 166 million meals for seniors.

2. Retirement Jobs

Retirement Jobs helps seniors find jobs that match their skills, expertise, and experiences‚ÄĒand also gives them help to rewrite their resumes.

3. Medicaid

Medicaid ¬†provides an all-inclusive health care program for seniors, covering nursing home costs as well as medical and prescription drug needs. They also subsidize attendant care‚ÄĒservices that may be too expensive to pay out of pocket otherwise.

4. Medicare

Medicare beneficiaries with limited income may be eligible for Extra Help, a program that provides prescription help worth up to $5,000 each year.

The state provides help for seniors through the Medicare Savings Programs, which can pay your monthly premiums and deductible.

5. Meals on Wheels

Meals on Wheels provides meals at home to adults over 60 and gives others who are mobile a chance to eat in a group setting.

6. AmeriCorps Seniors

AmeriCorps Seniors are elderly volunteers who help with a wide range of programs. They may assist people in need with tasks such as shopping or home repairs, but their greatest value is the companionship they provide to seniors living alone.

7. National PACE Association

The Programs of All-Inclusive Care for the Elderly (PACE) offers medical, personal and other types of care for your loved one at home.

The amount of help available on the Internet for older adults, especially if they're seeking financial help, can be a little overwhelming.

The purpose of this article is to get you started in finding online information and resources that can provide you with the assistance that you need. For more resources, visit 25 Resources That Provide Financial Help for Seniors.

Sep 18, 2022
Financial Planning