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Practical Money Matters Radio Series

December 2, 2013
4 Tips for Seniors in Need of Financial Assistance

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Learn about programs that help seniors cover basic needs.

Transcript

There are thousands of government and private assistance programs to help seniors cover basic needs. Here are some examples:

  • The non-profit National Council on Aging helps seniors and their caregivers find financial assistance for healthcare, housing, food, utilities, in-home services and more.
  • Several government-sponsored programs help pay for medical coverage, including Medicaid and Medicare.
  • Most drug companies provide uninsured and low-income people access to prescription drugs they couldn't afford otherwise.
  • The IRS tax code includes several credits and deductions that target seniors, as well as free tax-preparation assistance.

Bottom line: If you're struggling to make ends meet, take the help that is offered.


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