Funding for senior care can be expensive. If you or your loved one needs financial support, there are some creative and convenient options we may be able to help with.
By far, Medicare is the largest and most notable government healthcare assistance program for seniors, with Medicaid coming in second. However, did you know there are three additional categories that the government supplies senior aid programs for? Aside from the well-known medical aid provided to seniors, the government can also aid in senior housing, nutrition, and employment. We can help you secure funding and programs for the following:
Medicare/Medicaid for Seniors
Medicare is a health insurance program provided by the federal government, while Medicaid is an affordable health care plan for the elderly with limited income and resources. A portion of Medicare is free if you are over 65 years old and you or your spouse have paid Medicare taxes for at least 10 years while working. Medicaid is paid for by federal and state governments and pays for visits to healthcare providers, inpatient and outpatient hospital services, x-rays, medical transportation, prescription drug coverage, and home health services. Both programs can provide coverage for hospital visits and nursing home care, but the coverage varies widely from state to state.
In Massachusetts, Medicaid (called MassHealth) is a very common source of funding for long-term elderly care, particularly for seniors who have used up their own assets to pay for an assisted living facility or nursing home. There are several ways to become eligible for MassHealth, and there are specific eligibility rules for long-term care services such as nursing homes (rather than for doctors’ visits, hospitalizations, etc). We help seniors with their MassHealth application and can discuss with you how we can help you protect your assets and help guide you through the cumbersome and often confusing application process for MassHealth benefits.
Senior Housing Programs
Mortgages, property taxes, utilities, and all the other housing expenses become less manageable as we age if our finances are not properly secured. The U.S. Department of Housing and Urban Development helps with affordable housing for seniors through public housing, housing vouchers, and multifamily subsidized housing. There is also relief for utility bills, weatherization assistance for homes in extreme climates, home repair help, and property tax programs.
To be eligible for state-aided elderly/handicapped public housing in Massachusetts, an applicant must be low income qualified and age 60 or over, or if less than 60 years of age, must have a qualifying disability.
Senior Food and Nutrition Programs
Government programs that assist seniors with food and nutrition provide financial aid to seniors who are struggling financially as well as programs that deliver meals to isolated or disabled seniors.
Senior Employment and Income Assistance
There are several programs that help the elderly learn new skills and get matched with a job that fits their lifestyle, as well as programs that can help supplement a senior’s earned income, especially if they have limited resources.
While senior years can be the best years, they can also be frustrating if a clear financial path has not been paved. Let us help find the programs that are right for you or your loved one so you can let go and move on regardless of your financial state of affairs.
Contact us to open a dialogue about your needs, dreams, and future.