25 Essential Resources for Seniors Seeking Financial Help
If you are finding finances a cause of stress even after retirement, you are not alone.
The nation is facing a retirement crisis, according to the National Council on Aging, with 80% of households with older adults struggling financially today or at risk of financial insecurity in the future.
If you or an older adult you care for is struggling financially, know that there are resources available to provide help and hope.
Read on to discover ways to find financial help for seniors.
Organizations That Help Older Adults
There are many fundraising platforms and nonprofit organizations that help senior citizens with programs and benefits. Below, we’ve listed six of these resources and charities you can turn to when you need emergency financial assistance.
1. Volunteers of America
Volunteers of America provides help for senior citizens through a series of service programs. They offer senior benefits such as meal programs, transportation, Medicare enrollment support, nursing care services, affordable housing, and more benefits programs for low-income seniors.
2. Senior Living
Senior Living is one of the most complete databases of senior living options, including everything from independent living to long-term care.
3. GoFundMe
When you need financial help fast, crowdfunding is your answer. With GoFundMe, there are no long waiting periods to receive your funds, and it’s a trusted way for your community to support you or a loved one. Thousands of people start fundraisers every day to get the extra help they need. From in-home health care to nutritious meals, you can raise money for financial assistance on GoFundMe.
4. Feeding America
Feeding America helps feed the hungry in the US. They provided nearly 166 million meals for seniors, as stated in their 2020 Annual Report. This nonprofit organization works with a nationwide network of food banks to distribute nutritious meals to those in need.
5. Retirement Jobs
Retirement Jobs helps seniors beat age bias by matching them with companies looking for skills and expertise. They also offer resume reviews to help you land the job you want.
6. Dental Lifeline Network
A nonprofit dedicated to providing benefits programs such as access to dental care, the Dental Lifeline Network offers help with dental costs through its state or nationwide dental programs. Most of their programs operate through a network of volunteer dentists and dental labs across the US.
Government Financial Assistance for Seniors
Retirement should be a peaceful time, spent free from the stresses of working life. Unfortunately, many in retirement worry about how to get help with bills, both for everyday necessities and unexpected emergencies. Thankfully, the government programs listed below provide much-needed financial help for seniors.
7. iCanConnect
Located in all 50 states, iCanConnect provides training and equipment for senior citizens with significant hearing and vision loss. The program helps cover the cost of computers, braille displays, smartphones, tablets, and more.
8. USDA Housing Repair Grants
Government benefits programs for seniors offered by the USDA come in the form of single-family housing repair loans and grants. These grants come with eligibility requirements, and loans are offered at a 1% fixed interest rate over a 20-year term.
9. Housing and Urban Development Programs
The U.S. Department of Housing and Urban Development offers several programs for low-income seniors who need help supplementing their income. Homeowners aged 62 and up who have paid off their mortgage may qualify for HUD’s reverse mortgage program, or a subsidized property if you rent.
10. Low-Income Home Energy Assistance Program
The Low Income Home Energy Assistance Program (LIHEAP) provides federally funded assistance for families. This program also offers help for low-income seniors who need assistance managing the cost of home energy bills.
11. Medicaid
Medicaid offers all-inclusive health care programs for the elderly, ranging from nursing home care to medical care and prescription drugs. They also provide home and community-based attendant care services that would otherwise be too costly to pay out of pocket.
12. Medicare
Beneficiaries of Medicare health insurance with limited income may be eligible to participate in the Extra Help program, which provides prescription drug help worth up to $5,000 per year. The state also offers financial assistance for seniors through the Medicare Savings Programs, which can help pay your Medicare premiums and deductibles.
13. Senior Farmers’ Market Nutrition Program
The Senior Farmers’ Market Nutrition Program ensures that low-income individuals have access to locally grown produce. Eligibility restrictions apply, and your total household income must be within 185% of the federal poverty level.
14. Commodity Supplemental Food Program
Individuals aged 60 and up may be able to receive food assistance from the Commodity Supplemental Food Program. Again, eligibility restrictions apply.
15. Social Security
Social security beneficiaries can apply for personal or spousal retirement benefits, provided that they are at least 62 years old. If you’re looking for additional government resources besides Social Security, seniors can also try applying for the Supplemental Nutrition Assistance Program (SNAP) or Supplemental Security Income (SSI). Both options may provide some relief to seniors in need, such as food stamps or other resources.
16. Benefits Check Up
The National Council of Aging’s program called Benefits Check Up is a directory of government programs that are available nationwide. From medications and health care to tax relief and senior employment, there are more than 2,500 benefits programs offering help for low-income senior citizens.
17. IRS Elderly Tax Credit
The IRS Elderly Tax Credit may help reduce the amount of tax you owe each year if you meet certain eligibility criteria.
Help for Seniors Living Alone
Many seniors want to continue to live independently in their own homes but may need assistance with everyday activities like cooking and shopping. Thankfully, many community-based programs help seniors who are living by themselves.
18. Meals on Wheels
Meals on Wheels operates throughout the nation, serving home-cooked, nutritious meals to older adults aged 60 and above. People with limited mobility are served at their homes, while those mobile enough are encouraged to join others for a meal in a group setting.
19. AmeriCorps Seniors
AmeriCorps Seniors are volunteer workers who are seniors themselves. They help with a variety of programs, such as offering assistance with daily tasks as well as providing much-needed companionship to seniors.
20. National PACE Association
The Programs of All-Inclusive Care for the Elderly (PACE) offers medical, rehabilitation, personal, and other types of care so your loved one can continue to live at home.
21. ADA Paratransit
The ADA Paratransit program offers complementary services to eligible seniors, with no limit on the number of trips requested.
22. National Adult Day Services Association
The National Adult Day Services Association (NADSA) has centers nationwide that offer numerous services to individuals who want to remain living within the community. These health and social services provide supervised care outside of the home during the daytime to seniors. Additionally, these adult day care centers can also be a more cost-effective solution.
Benefits Programs for Seniors with Pets
For seniors, owning a pet can provide a level of companionship that is essential to health and well-being. But owning a pet is costly, and some owners may find themselves worrying about how to get help with vet bills, pet food costs, and vaccinations. Thankfully, there are plenty of organizations that provide financial help for seniors with pets.
23. Elder Paws Senior Dog Foundation
Elder Paws Senior Dog Foundation is a nonprofit that strives to make a positive impact on both people, veterans, and senior dogs in their community through the implementation of their innovative programs.
24. The Humane Society
The Humane Society offers a comprehensive list of resources by state that can help when you are having trouble affording your pet. Aside from assistance with spaying and neutering, these organizations offer support with vaccinations, medications, vet care, and pet food.
25. Best Friends Animal Society
Best Friends Animal Society is a nonprofit organization that offers low-cost spay and neuter services, adoption, and educational programs for pet owners. They also have a database of state and national resources that offer extra financial aid for pet owners.
Crowdfunding Success Stories
Read about how others are using the power of crowdfunding to quickly raise money for seniors needing financial assistance.
Elderly Couple Injured in House Fire
After grandparents Vincenzo and Felicia were seriously injured in a house fire, their granddaughter Sarah set up a fundraiser to help pay for their medical treatment and hospital bills. Through her fundraiser, she raised nearly $3,000 to help her grandparents recover.
Three Wishes for Ruby’s Residents
At the age of 11 years old, Ruby Kate wanted to help senior nursing home residents who didn’t have enough money to pay for simple things, like a haircut or a new pair of shoes. She started a fundraiser to help seniors, as well as to start her own nonprofit: Three Wishes for Ruby’s Residents. To date, Ruby has raised over $290,000 to help nursing home residents across the country.
Helping the Elderly
After her husband tragically passed away, Dolores found herself struggling to pay her bills. Dolores was a customer of Seth, who noticed she was experiencing financial hardship. He set up a fundraiser to help Dolores pay for groceries and housing costs. Through his efforts, Seth raised over $27,000—more than five times his original goal.
Find Financial Assistance for the Elderly in Need
If you’re a senior adult or family caregiver, we’re here to help by providing financial assistance and support. With GoFundMe, you can help older adults fast, without any lengthy applications or deadlines. Sign up today to start your fundraiser, and see what kind of difference you can make in the life of a friend or loved one.