It’s not always easy for family caregivers in Palm Harbor to help seniors with financial aid. Following are six government programs seniors can turn to for help managing financial matters.
1. Reverse Mortgage
Senior citizens can apply for the Home Equity Conversion Mortgage (HECM) in order to get some assistance with paying off their loans for a private property. A reverse mortgage is fully insured by the federal government and must be administered through a trustworthy lender.
2. Section 8
The Department of Housing and Urban Development (HUD) offers a voucher program for seniors who’d like to rent an affordable apartment or other type of residential property. Section 8 is a federal program that ensures that low-income seniors have access to reduced rental rates in the private real estate marketplace.
3. Supplemental Nutrition Assistance Program (SNAP)
Elderly individuals who have a low monthly income may qualify for the Supplemental Nutrition Assistance Program. Seniors can use food stamps to purchase food, beverages and other essential items that are covered by SNAP. It’s even possible to withdraw some cash from an EBT card that is linked to food stamps.
4. Home Energy Assistance Program (HEAP)
This program can partially cover the costs of heating, cooling and other utilities in households that are occupied by senior citizens. To ensure that seniors don’t get stranded without climate control, the HEAP also provides some assistance in emergency situations that involve power outages and blackouts.
5. The United States Department of Veterans Affairs
The VA offers various benefits to senior citizens who once served in the U.S. military. Under the Aid & Attendance clause, seniors who are bedridden or have other severe disabilities may qualify for extra monthly pensions. The Housebound policy also provides some extra funding to disabled veterans who struggle to leave their premises due to a disability.
6. Medicare Part D
Senior citizens who qualify for Medicare Part D can get some assistance with paying for expensive prescription drugs. This section of Medicare can also be combined with other forms of health insurance to fully cover the costs of essential medication.
Seniors can also turn to Home Care Assistance, a provider of high-quality home care, Clearwater families can rely on, for help with managing daily tasks. Our experienced in-home caregivers work around your loved one’s schedule to help with everything from meal preparation and grocery shopping to housekeeping and physical exercise. Schedule a free consultation today by calling (727) 330-7862 to speak to a friendly Care Manager.