Tag Archives: social security

Senior Financial Help

There are several programs that can provide senior financial help. These vary in availability according to age and other factors, and benefit formulations can be quite complex, so it is recommended that you or an interested senior do further research on one of the below programs if they feel it may meet their needs.

Social Security Old Age Pensions

This is the oldest social welfare program in the United States, begun back in the 1930s by Franklin Delano Roosevelt. Unlike some programs, you must have paid into it in order to be eligible for benefits. The current requirement, which has been in effect for many years, is that you have 40 quarters of work on your record.

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Senior Health Insurance Policy

With the recent health insurance reforms, one group that has been particularly impacted is senior citizens. For many, Medicare and Medicaid do not cover all expenses, and at an age when they cannot work, these Americans are researching the senior health insurance policy to make their medical decisions. There are different regulations and policies that can limit the choices senior citizens have and may cause complications in getting procedures approved without penalty. For this reason, senior health insurance policy must be researched before a senior citizen signs up for the service.

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