NCOA Offers Money Tips for Seniors

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The National Council on Aging offers these money tips for seniors. Not bad for you and me either!

Current Expenses

  • Compile all of your current obligations.
  • Examine if you have the most cost-effective plan for you and/or if all plans are still relevant. Consult with a trusted information source before terminating plans.
  • Consider reaching out to your local State Health Insurance Assistance Program (SHIP), where you can get free information about Medicare, including apply for and selecting plans. Find your local SHIP counselor for assistance.
Health Insurance
  • If you’re enrolled in Medicare and have limited income and assets, you may be able to put over $100 back in your monthly Social Security check and minimize your premiums and co-pays by learning more about Medicare Savings Programs. Learn more about Medicare Savings Programs.

Prescription Drugs

Property Taxes


    Volunteering/Community Service

    • Get paid to give backäóîthe Senior Corps, Retired Senior Volunteer Program (RSVP), and Senior Community Service Employment Program (SCSEP) all provide paid stipends for service.

      Use Your Home to Stay at Home䋢

      Senior Discounts

      • Many retailers offer discounts to older customers on certain days of the week. Consider making all your purchases on that day. Find senior discounts.

      Estate Planning

      • Must haveäó legal documents include a will for property distribution decisions, a living will for health care decisions, and a durable power of attorney to designate a personal representative in the event of incapacity. Also, consider a written plan for distributing untitled personal property to heirs or charitable organizations to reduce confusion and family conflicts.

      More Help

      • Find out what other public benefits you may be eligible for by getting a free online screening through NCOA’s BenefitsCheckUpŒ¬ service. Or find help in your area by visiting Eldercare Locator,Œæa service of the U.S. Department of Health & Human Services. Visit BenefitsCheckUpŒ¬. Visit Eldercare Locator.