How to Boost Your Budget with Money-Saving Benefits: A Guide for Older Adults

Before the pandemic, some of you may have had to cut back on the amount of food on your tables and the medicine in your cupboards just to keep a roof over your head. For older adults who are struggling, one major adverse life event could change today’s realities into tomorrow’s troubles. You need a lifeline to help you weather the storm and regain your financial footing.

How NCOA’s Boost Your Budget Week® is helping older adults save money
Millions of older adults are likely eligible for, but not enrolled in, benefits that can help them save money on health care, prescriptions, food, rent, utilities, and more. Programs such as the Supplemental Nutrition Assistance Program (SNAP), Medicaid, Medicare Savings Programs, Low-Income Home Energy Assistance Program (LIHEAP), and Part D Low-Income Subsidy (Extra Help) can boost your budget by thousands of dollars each year.

A national campaign, NCOA’s Boost Your Budget® Week helps raise awareness about the thousands of federal, state, and private benefit programs available that can help you pay for daily living expenses.

Find money-saving benefits programs that you’re eligible for with NCOA’s BenefitsCheckUp®
Navigating websites or trying to understand what benefits are available and how to apply can often be confusing. As a result, billions of dollars in benefits go unclaimed simply because older adults like you don’t submit your application. NCOA is hoping to change that.

If you’re unsure of where to start, NCOA has a free, confidential, and easy-to-use tool that can help. BenefitsCheckUp® connects millions of older adults and people with disabilities with benefits programs that can help pay for health care, medicine, food, utilities, and more.

Boost Your Budget Week is a reminder that the path towards financial resiliency can be achieved with the help of tools like BenefitsCheckUp. Use it for yourself, or if you’re a caregiver who is reading this, a neighbor who knows of an older adult who needs help, or a benefits counselor who is helping a client—BenefitsCheckUp is ready and waiting. Browsing benefits only takes a few minutes—and there’s no sign-up or registration required.

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