Best States for Seniors – Financial Help
Statistics from the previous census show that 8% of Alaskan residents are seniors. Of this 8% a quarter of them live alone. Alaska’s Senior Benefits Program assists the elderly residents with relief funds in cash every month. The program targets low and middle-income seniors in the state. It is managed by Alaska’s Department of Health and Social Services Division of Public Assistance. It remains dissimilar to other schemes because the money provided is not tied to a specific reason or purpose. The recipient is allowed to utilize the money on whatever he/she wants. Also for eligibility, the selection criteria consider only age not the health of the seniors. This means the scheme supports every elderly person whether sick or healthy. Also, the beneficiaries don’t necessarily need to be homeowners, they just have to be residents of the state of Alaska.
The Medicare Extra Help Program provides monetary assistance to pensioners allowing them to pay for prescription drugs and medication. Another program available in Florida is the Home Care for the Elderly (HCE) Program, which offers financial help to caregivers to assist them in taking care of elderly individuals. All qualifying applicants get a basic subsidy, which sums up to $160 each month. This funding can be utilized for housing, rent, and medical services. They have special subsidies that cater to supplies and services. The amount received by each beneficiary is determined by their needs and income. Case management is available to those who need it. The basic funding is a regular monthly payment, whereas the special grant is either a one-time payment or periodical varying according to the necessity.
Home Accessibility Program (HAP) provides cash loans and grants to senior residents. The loans are forgivable meaning that they are don’t necessarily have to be reimbursed unless in some special cases. The funds can be utilized for various purposes which may include home development and renovations. The money may also be utilized for paying off mortgages and other outstanding bills. The sum of the cash to be loaned out varies on the recipients’ geographical location within the state of Illinois. Back in 2016, the maximum payouts were US$15000 and US$20000 for individuals residing in rural areas and urban areas respectively. Thirteen in a sample of 100 Illinois residents are seniors and around 30% of these live alone.
Twelve percent of the Nevada population are seniors and a quarter of these elders live alone. The state of Nevada provides numerous programs which offer financial support to those who need it most. Elders 60 and over received food hampers and relief funds every month.
State programs and non-governmental organizations in New Hampshire provide different assistance programs to many people. The services provided are entirely free and no payment whatsoever is required. The programs are committed to preparing and equipping seniors with adequate information on how not to lose their savings from fluctuating market share, courts, tax payments, and chronic illnesses. The support plans and strategies are customized towards the particular desires of the clients. The program managers are ethical, consistent, dependable, and professional. They value the confidentiality of each client’s personal information. They also aim at addressing underlying issues that affect retirees and their beneficiaries. The services provided include short and long-term planning, transfer of wealth, charity donation strategies, pension funds, etc. The offered solutions secure each client’s money and assets.
According to statistics, 14% of the people in the state of Maine are poor. Fortunately, there are various governmental agencies, non-profit organizations, and corporations that assist these individuals financially. These organizations teach their clients about financial services and insurance and also in what manner to make up the best decisions on money-related problems. They offer assistance to those encountering problems such as financial constraints, bill and utility payments, food, medication, and any other stressful situations which require immediate attention. Some will require loans but can’t seem to receive authorization from banks. There are programs designed to provide forgivable loans to low-income individuals.
Aurora Health Care has a monetary assistance program that is designed to help elderly individuals with no insurance. To qualify for the monetary help, applicants:
- must reside in Wisconsin or any other area serviced by Aurora
- should be a recognized Aurora patient
- should have exhausted all other financial assistance platforms
- must have no medical coverage from any insurance program.
The patients that qualify for the financial help may not experience any additional charges to their medical bill or any other medically required care.
The Minnesota Department of Human Services (DHS) is committed to assisting seniors residing in the state so that they may settle in freely and be active members of the community.
There are federal and non-commercial organizations available in the state of Vermont aimed at providing financial assistance to the elderly. For veterans who require assisted living or senior health care loans, there are various schemes intended for that specific purpose.
Statistics show that 12.3% of Vermonters are poor and need financial aid. Many families and individuals (including seniors) battle with paying bills and putting some food on the table. Several programs are available across the state which help those struggling to pay their rent and bills and also those who require any method of monetary assistance. Presently available, are loans from various organizations specifically for those facing financial problems and who need immediate financial assistance.
Preservation Utah is a statewide non-commercial organization that preserves historic properties. They offer a cluster of programs for real estate owners. For eligibility, one must own a property that is over 50 years. The property must also retain its integrity regarding architecture. To be eligible for assistance the applicant should be a resident of Utah and also be a low-income earner. Loans to be used for renovations and refurbishments are provided to those who qualify. For pensioners, the household’s financial situation is not considered when choosing those who qualify for the loans.