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 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.

ESOP

Resources

Resources

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The Financial Fatigue of Caregiving: When Caring for a Loved One with Dementia

This informative webinar is for family and friend caregivers or supporters of persons with dementia. This webinar discusses the effects caregiving has on your finances, and how to effectively manage your finances while balancing multiple responsibilities. We cover how to have difficult conversations about taking on the financial role of caring for a loved one, estate planning and how to make sure your loved ones are protected against financial exploitation.

Watch

By Tiffany Taylor | 03/03/2022

The Impact of Cybercrimes on Mental Health in Older Adults

Cybercrimes have increased 20 percent since the onset of COVID-19 in 2020. Romance scams stole more than $139 million from older adults in 2020. According to a report by the Federal Trade Commission, that’s a 65 percent increase from 2019, when reported losses were nearly $84 million. While the monetary loss is staggering, it is often the devastating emotional toll that impacts the mental health of older adults, their families and those that care for them the most. This webinar will explore the topic of cybercrimes, why older adults are targets, the impact this trauma can have on an individual's mental health and ways to find help in the community.

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By Tam Cooper | 12/09/2021

Benefits: You Gave, You Save

Navigating the maze of different benefits and trying to understand what you and your loved one may be eligible for can be a daunting task. Join us for an informative webinar that will outline benefits such as SNAP, Medicaid, Medicare Savings Program and the Low-Income Subsidy. We’ll walk through what the different requirements for these programs are and how to apply.

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By Cynthia Walker | 10/06/2021

The Caregiver's Guide to Estate Planning: How to Prepare for Yours and Your Loved One's Futures

When was the last time you and your loved one had a discussion about estate planning? If you’re like many people, it’s probably been a while. This webinar will discuss what important financial and medical documents are necessary in case of an emergency, and what to do in those situations. Having these items prepared and organized will not only protect your loved one, but as a caregiver it will give you peace of mind to know that everything is taken care of in advance.

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By Rachel Slomovitz | 08/12/2021

The Financial Fatigue of Caregiving

Are you feeling the financial strain, or emotional and physical stress that comes along with caring for a loved one? This workshop will give you the tools needed to alleviate those stressors and help you to navigate your way around the additional expenses that caregivers endure.

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By Rachel Slomovitz | 01/07/2021