Government grants for over 50 help a lot of seniors in the United States to cover the costs of aging and provide extra support.
Aging is expensive where seniors even after working hard throughout life. They experience healthcare issues that are costly, have to scrounge up the money to make home modifications for aging in place or find themselves facing the significant costs of staying in a senior care community.
Government Grants for Over 50 – Types of Grants Available to Seniors
Government grants for over 50 are the most helpful source that might be able to turn to in certain contexts is grants. While most of the government entities and grants foundation is meant for programs and organizations rather than individual people. However, for a few particular needs certain grants will help out individuals.
Here are three types of government grants for over 50 that are likely to be useful.
Business grants are available for seniors who are not willing to give up. These grants help individuals to either getting a business going or keeping it going.
AARP is a nonprofit and nonpartisan organization that empowers people to choose how they live as they age. The AARP Purpose Prize award is a national grant in the United States for people over 50 that are using their life experience to work on projects that will bring about positive change.
For more information regarding eligibility and selection criteria, visit https://www.aarp.org/about-aarp/purpose-prize/purpose-prize-faqs/#:~:text=Through%20the%20Purpose%20Prize%20award,to%20honor%20the%20Winner’s%20achievements
Medicare covers some of the healthcare costs. However, people over the age of 50 who are still struggling to meet their medical treatments or bills can take help from the government grants.
HealthWell Foundation helps with out-of-pocket expenses for medical treatment, supplies, supplements, surgeries and more. This organization offer financial assistance through several Disease Funds, with new funds opening every year, so you can get the care you need. For more information, visit https://www.healthwellfoundation.org/patients/
PAN Foundation provides grants for life-threatening, chronic and rare. They help you with the cost of medications and treatments for improved access and affordability. If your illness is included on their list, they help you with the available resources to bring your overall costs down. Visit https://www.panfoundation.org/
Home Improvement Grants
Get a better place to live by availing of grants to cover up the cost of home improvements. You may be able to qualify for home improvement grants. Many states offer grants to people over 50 who need help affording needed repairs and weatherization updates that will bring your costs for cooling and heating down.
Some grant programs are organized to make your stay in your home safer for longer. These are called “nursing home diversion” programs. They help people over 50 who would otherwise need to move into a nursing home facility.
For people over 62 who live in rural areas may qualify for a single-family housing repair grant from the USDA. It can be used for repairs and remove safety hazards from home. For more information, visit https://www.rd.usda.gov/programs-services/single-family-housing-repair-loans-grants
Government Grants for Over 50 – Tips for Applying for Grants
Getting a government grant can be competitive as there is usually a limited amount of money to go around. Here are a few tips for applying and to increase the chances of getting the awards.
- Read the grants instructions carefully and if you are confused, do not hesitate to call up at the government office to ask questions. Make sure you are eligible and follow the instructions before you submit than be rejected due to a misunderstanding.
- Take time to read the application thoroughly and double-check before the final submission. Your application should be errors free and should include everything that is being asked.
- Take some time to think about the instructions, plan out your response, and review it to look for ways to make it better. Work more to make your case by attaching documents.
- Make sure to provide all the information requested in the grant. Also, send only those requirements that have been asked for in the announcement. As the priority is given to those who follow the instructions carefully. It makes it easier for the committee to narrow down their choices while tossing the applications.
A government grant is a type of financial assistance that seniors can turn to during critical time. Government grants for over 50 can be considered to make money in retirement that helps cover your needs. Keep looking out for the grant openings and apply them wisely.