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What to do when your monthly Social Security check isn’t enough

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Retirees on fixed incomes are more likely to feel squeezed as the price of daily goods rises.

Recent developments cost-of-living adjustmentMany people don’t have enough protection with the rising prices of gasoline and groceries, which are both causing Social Security checks to be around 6%.

According to Social Security Administration, many recipients receive the majority or even all their monthly income through the benefit. It averaged $1,555 per month in June 2021.

Retirees with concerns about inflation and meeting their monthly bills will be glad to know that there are numerous resources they can use. These are just a few.

Drug cost assistance and health insurance

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Retirees can lose a lot of their retirement income due to high-priced prescription and medical insurance.

Some people may qualify for help with monthly premiums. Medicare Savings ProgramCaitlin DonovanA spokeswoman of the National Patient Advocate Foundation (a non-profit organization that aids patients to access and pay for healthcare), is

Donovan stated that if you are eligible, all your premiums, copays and deductibles will be covered. This would provide a huge financial relief to anyone.

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Additionally, Medicare Part D members who are eligible for prescription coverage should check if they have been enrolled. Extra Help. The program will reduce drug-related costs. Donovan says that this benefit may be worth up to $5,000 annually.

A number of charities also assist senior citizens with health-care expenses. For example, at Copays.orgYou can request funds for copays or premiums as well as deductibles.

National Patient Advocate Foundation has an financial resource directoryHere you will find all the information needed to search for assistance in your area. dental careServices for the end of life

Food benefits

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Experts believe that many seniors aren’t taking advantage all available food assistance. 2015. studyAccording to a report, half of the eligible senior citizens participated in the Supplemental Nutrition Assistance Program or SNAP.

It is common for there to be misinformation about the program, as well as stigmatization. This can make it difficult for people who are seeking assistance. Josh ProtasVice President of MAZON: The Jewish Response to Hunger

For retirees with a fixed income, the extra cash can make a big difference. For a family of one, the maximum monthly benefit is $250. Grocery stores, online retailersAnd farmers marketsAccept the money.

SNAP rules are available how much you can own in assets and earn in income to get the aid, and Social Security checks are factored in. Experts say that anyone with suspicions of being eligible for aid may still be able to deduct certain expenses such as rent or child care. apply.

U.S. Department of Agriculture has also the Commodity Supplemental Food ProgramCertain low-income individuals over 60 years old are eligible to receive a monthly food pack containing fruit, vegetables and cheeses.

In the meantime, some retirees may qualify for food assistance through Medicaid. Mom’s Meals. Medicare Advantage plans may also provide meal benefits for patients who have recently been discharged from hospital.

These meals typically arrive every 2 to 3 weeks and can include salisbury steaks, meatballs and pasta, as well as sweet and sour chicken. You can tell the program if you have any allergies. They will also accommodate diets that are suitable for vegetarians and those who suffer from conditions such as cancer or diabetes.

Mom’s Meals spokesperson suggested that seniors, who believe they may be eligible for free meals, contact a Medicaid representative or Medicare representative.

You have other choices

To qualify for Supplemental Security Income, you must have a very low income. But, certain retirees may be eligible. It is a means-tested program available to those 65 and older with disabilities.

Over 2.5 million people had received Social Security in 2021. The supplemental payment can also be up to $2,500. $841An individual can pay for one month. Apply on the Social Security Administration’s website websiteOr by calling 1-800-325-0778

The National Council on Aging offers additional assistance through its “Assisted Living” section.benefits check-upWebsite where more than 2000 resources are available for struggling seniors.

A guide is also available from the council. You Gave, Now SaveInformation on how to help seniors with their expenses such as property taxes and phone bills.

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