Financial Assistance and Resources For Seniors

Financial Assistance And Resources For Seniors

It might be challenging for older folks to maintain a strict budget. Due to extended lifespans, many costs, especially medical expenses, have increased more quickly than expected. 

An average, healthy 65-year-old couple retiring now would spend $662,156 on healthcare costs in retirement, according to Healthview Services’ 2021 Retirement Healthcare Costs Data Report.

The organizations, government initiatives, aid for independent living, and pet support listed below may be able to help if you or a loved one is having financial difficulties.

Senior Advocacy Organizations
National Council on Aging
American Association of Retired Persons (AARP)
Administration for Community Living
National Association of Area Agencies on Aging
National Institute on Aging
Volunteers of America
Caregiving Support
Family Caregiver Alliance
Family Caregivers Online
Caregiver Action Network
National Family Caregiver Support Program
AARP – Caregiving Center
Senior Nutrition
Meals on Wheels
Feeding America
FoodSafety.org
Eat Right
Commodity Supplemental Food Program
Senior Farmers’ Market Nutrition Program
Senior Mental Health
Friendship Line
Selfhelp’s Virtual Senior Center
Disaster Distress Hotline
Suicide Prevention Resource Center
National Suicide Prevention Lifeline
National Institute on Drug Abuse
American Psychological Association
Senior Legal Rights
Justice in Aging
Elder Justice
Law for Seniors
Office for Victims of Crime – Crimes Against Older Adults
National Guardianship Association
MedlinePlus Advance Directives
National Center on Elder Abuse
Senior Housing
National Aging in Place Council 
Housing Choice Voucher Program
National Directory of Home Modification and Repair Resources
Village to Village Network
U.S. Department of Housing and Urban Development – Senior Citizens
Senior Healthcare
State Departments of Public Health
State Health Insurance Assistance Programs
PACE
LongTermCare.gov
Health Resources and Services Administration (HRSA)
National Health Care Association
Veterans Affairs Healthcare
Health Finder
Eldercare Locator
National Hospice and Palliative Care Organization
National Institute on Aging – Health Topics
RareDiseases
Dental Lifeline Network
Medicaid & Medicare
Medicare.gov
Medicaid.gov
Medicare Rights Center
Social Security Administration – Medicare Benefits
Senior Medications
211.org
RxAssist
Low-Income Subsidy (LIS) Program
Medisafe Medication Management
Senior Finances
BenefitsCheckUp.org
Low Income Home Energy Assistance Program
National Older Worker Career Center 
Women’s Institute for a Secure Retirement
Social Security Association Retirement Benefits
Center for Retirement Research
USA.gov Retirement
AARP – Tax Aide
Catholic Charities USA
Pet Support For Seniors
Senior Paws for Pets
The Humane Society
Best Friends Animal Society
Senior Miscellaneous Topics
Vaccines.gov
Organ Procurement and Transplantation Network
Fall Prevention Center of Excellence
Older Adults Technology Services
AARP – Personal Technology
Center for Disease Control – Physical Activity
National Highway Traffic Safety Administration – Older Drivers
Office of Disability Employment Policy – Transportation
Retirement Jobs
iCanConnect
Senior Companions
ADA Paratransit

Senior Citizen Financial Planning

While numerous programs and services are available to help the elderly, a significant portion of your financial security still rests on how you manage your money and plan your expenditures.

The consensus is that, once they’ve finished working the 9 to 5, the average retiree requires between 70 and 80 percent of their pre-retirement income to maintain their standard of living. You should be comfortable between $35,000 and $40,000 if you made $50,000 per year while working, depending on how dedicated you are to being frugal.

Not just young people starting their lives and jobs, saving for their children’s college, and investing in retirement should engage in financial planning. Anyone who oversees a home budget should engage in financial planning to optimize its potential.

Bottomline

Many seniors struggle to make ends meet daily. You can more effectively get the assistance you require with these financial assistance programs, which cover general aid, housing, food, and more.

For further financial assistance, we’ve also compiled Common Sources of Senior Income and Money-Saving Deals And Discounts for Older Adults.

Sources: