Many seniors are struggling today due to the rising costs of food and medical supplies. Furthermore, people are living longer which means they have to stretch their retirement savings even further. Thankfully, some public benefits may be able to help.

Area Agencies on Aging (AAA)

Each state has made information available to the public for “area agencies on aging.” Such agencies can offer information on (or assistance with) transportation, in-home care, legal protection services, education and recreation. You can find local agency contact information at www.eldercare.gov. Credit Counselors have found this resource very helpful in meeting the needs of seniors.

Supplemental Income

According to credit counselors, many people who qualify for Supplemental Security Income (SSI) are not receiving it. This program provides monthly cash payments to low-income individuals aged 65 or older. In order to qualify for this program, an individual must have less than $2,000.00 ($3, 00.00 for a couple) in savings. To find out if you or a loved one qualify for SSI, visit their website at www.ssa.gov.

Health Care Costs

There are also programs available to seniors that can help with medical expenses. You can search for the latest information on “Medicaid” and “Medicare prescription drug coverage” at www.aarp.org.

Property tax relief

Most states have more than one property tax relief program for senior homeowners. In most cases, seniors can find more information on tax relief by contacting the local agency in which they pay their taxes.

Credit Counseling Agencies

Most non-profit Credit Counseling Agencies offer free budget counseling and educational resources. If you or someone you know is struggling, a Credit Counselor may be able to provide you with the information or resources you need regardless of age.