Financial Caregiving

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Senior Couple Talking To Financial Advisor At HomeThe following resources can assist adult children who are or anticipate handling financial matters for a parent, family member or friend.

 

Consumer Financial Protection Bureau (CPFB) Office of Financial Protection for Older Americans – Information and tools to assist older Americans in navigating safely through financial challenges, including the Managing Someone Else’s Money brochures.

The Conversation Project – Need help having a conversation about end of life issues with your parents or adult children? This website is devoted to ‘the talk’ and includes a Conversation Starter Kit.

Your Texas Benefits – Learn about benefits Texans may be eligible for and apply online from this website, including SNAP food benefits (food stamps), health care (Medicaid), Medicare savings programs, and long-term care.

Benefits CheckUp – This free service from the National Council on Aging can help you find benefit programs that can help you or a family member pay for medications, health care, food, utilities and more.

Social Security Administration – Access information on applying for and managing Social Security benefits on this website. If you will be managing another person’s money which includes Social Security income, learn about the requirements and process for being designated a Representative Payee.

Area Agencies on Aging – Your local Area Agency on Aging (AAA) is part of a national network coordinating supportive services for older adults as mandated by the Older Americans Act. Contact your local AAA to determine eligibility and availability of services.

Medicare – This official Medicare website provides all the information you need to understand Medicare. You can also access the “Medicare and You” handbook and other Medicare publications.

AARP Caregiving Resource Center – Information, tools and tips for caregivers on Legal and Money Matters. Other topics include Planning and Resources, Benefits and Insurance, Care for Yourself, Providing Care, Senior Housing, End of Life Care, Grief and Loss.

Eldercare Locator – A public service of the U.S. Administration on Aging, eldercare locator can help you find help in your community on a wide range of caregiving issues including Financial Assistance, Health Insurance, Housing Options and Legal Assistance.

Daily Money Managers – These professionals can help navigate bills, budgets and record keeping for people who need help with their day-to-day financial management. Search for a Professional Daily Money Manager at The American Association of Daily Money Managers website. Review the ‘Questions to Ask’ before hiring a daily money manager.

 

Last updated: April 8, 2015

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