Financial Health & Wellness

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Financial Health and Wellness Description

Did you know that research shows there is a direct relationship between physical and financial health? Individuals with high financial stress are twice as likely to report poor health overall, and are four times as likely to report fatigue, depression or other ailments. Because of this, Benjamin Rose Institute on Aging is committed to serving all aspects of wellbeing, not only physical, mental, emotional and behavioral, but also financial health and wellness. We have free resources and services available through our subsidiary ESOP to help you achieve and maintain financial wellness and housing stability, including:

  • Housing counseling
  • Senior financial empowerment
    • Resources and referrals for financial benefits such as Medicare, legal aid or vision care
    • Property tax loan
    • Financial education workshops to help plan for unexpected life events and protect against fraud, abuse and poor credit
    • One-on-one financial counseling
  • Advocacy on your behalf with credit services and loan companies to assure your records are accurate and you are receiving a fair and manageable repayment plan
  • Income tax prep

With our support, you can empower yourself to reach a secure financial future and stay educated on the issues most important to your financial wellbeing.

Empowering and Strengthening Ohio's People (ESOP)

Resources

Resources

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Helping a Loved One Navigate Medicare Open Enrollment

October 7 virtual program for caregivers from Benjamin Rose Institute on Aging.

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By Cynthia Walker | 10/16/2020

What to Know for Medicare Open Enrollment

Every year, Medicare’s Open Enrollment period runs from October 15 to December 7. As a caregiver, you undoubtedly know how important insurance coverage is to securing your loved one the affordable care they need when they need it. What can be less certain, however, is knowing which exact program and options your loved one is qualified for and would most benefit from. As much as you want to help them through the process of enrolling in Medicare, you may be struggling to understand it yourself. The good news is that by learning the various benefits covered by different plans, you can put yourself in a better position to care for your loved one’s health needs and find the right plan for them.

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By Cynthia Walker | 10/16/2020

Financial Options for Renters and Homeowners Impacted by COVID-19

Every emergency requires a nuanced response, and the impacts of this pandemic, both short-term and long-term, are difficult to anticipate with certainty at this time. However, history demonstrates time and again that those that are most vulnerable even in times of economic and social stability generally suffer the greatest in times of turmoil. For those of us who are struggling to make our mortgage and rental payments, there are resources and up-to-date information available to help.

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By Antoinette Smith | 07/15/2020

Recognizing COVID-19 Scams

As COVID-19 impacts lives around the world, we may feel vulnerable, confused and in need of information, whether on how to keep ourselves and loved ones safe, or how to help support the doctors and nurses who work tirelessly to save lives. Sadly, the uncertainty of the times has also given rise to people who seek to take advantage of this vulnerability and confusion through scams, misinformation and false promises of cures and treatments. Our older loved ones may be particularly vulnerable to these scams as well. According to the Federal Trade Commission (FTC), adults over the age of 60 lose money to scams at twice the rate of people between 20 and 59.

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By Julie Hayes | 04/15/2020

Tax Tips for Older Adults for the 2019 Tax Season: Understanding Qualified Medical Expenses

While most people agree that it’s hard to look forward to the paperwork and headache of tax season, for older adults managing medical bills, taking advantage of tax deductibles can be financially beneficial. According to a National Bureau of Economic Research study, Medicare, Medicaid, private insurance and other government programs on average will cover about 80 percent of an older adult’s healthcare costs; however, this leaves 20 percent of costs financed out-of-pocket, and for older adults who are from low income households, retired or on a budget, this can take a huge bite out of their savings.

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By Julie Hayes | 03/19/2020

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