Financial aid for the elderly?

While the debate on pension reform is in full swing in USA, it is interesting to raise your head and watch what is happening with our neighbors. The Natixis investment bank has just published, in collaboration with the CoreData group, its global retirement index.

This list compares the situation of retirees in no less than forty-four countries based on eighteen objective criteria. Natixis has therefore sifted through a series of factors that affect the lives of all retirees, from the tax burden to the quality of the healthcare system, by trying to answer four questions: "Can they support themselves during their retirement? "; "Can they trust the financial system supporting their income?"; "Do they have access to an efficient health system?"; and finally "what is the quality of life of pensioners in the country?".

While retirement pension is sometimes just enough to cover daily expenses, the costs of accommodation and dependency often increase with age. Here is an overview of existing financial aid for the elderly according to their situation.

1. ASPA: Solidarity allowance for the elderly - Formerly Minimum Old Age, ASPA (Solidarity Allowance for the Elderly) is financial aid for seniors whose retirement is insufficient.It is paid to people aged 65 and over, residing in France. Means-tested, the allowance aims to provide a minimum income to allow the elderly to live decently.
2. Disability PCH - The PCH (Disability Compensation Service) is paid by the department. It is intended for disabled elderly people under the age of 75 and whose disability has been diagnosed before the age of 60. It makes it possible to finance human and technical aid, as well as the adaptation of housing and the vehicle.It is personalized help according to the person's needs.
3. The autonomy APA - APA (Personalized Autonomy Allowance) is the main financial aid allocated to dependent elderly people.

• At home, she contributes to the expenses necessary to stay at home despite the loss of autonomy (meals, toiletries, technical aids, day care, mobility, etc.);
• In an establishment, it finances part of the dependency tariff of the nursing home or the USLD.

Its amount depends on the needs of the beneficiary and his income.

To benefit from it, you must:

• Be 60 years of age or over,
• Be in a situation of loss of autonomy requiring daily help,
• Have a GIR * between 1 and 4,
• Reside in France, be in a regular stable situation for foreign

4. Housing aid - The APL (Personalized Housing Assistance) and the ALS (Social Housing Allowance) are intended to reduce the elderly person's housing costs to help him pay his rent, monthly loan repayments or the rate accommodation for a retirement home.

The APL is paid only if the accommodation is approved. If it is not approved by APL, it is possible to collect the ALS. Housing aid is requested from CAF (or MSA, if you are covered by this scheme).

5.Social assistance for accommodation - ASH (Social Housing Assistance) is for people aged 60 and over staying in a retirement home eligible for social assistance.

This aid is granted to the elderly who cannot pay the accommodation tariff of an Ehpad, USLD or the rent of a residence-autonomy (ex-home-accommodation), even by enforcing the maintenance obligation.

Note that in retirement homes, in addition to accommodation and outbuilding, the daily rate includes a care rate, for health care, which is part of the health insurance coverage.

Requirements:

• To be over 65 years of age (or over 60 if recognized as unfit for work),
• To reside in France, to be in a regular stable situation for foreigners,
• To have resources below the amount of the costs of 'accommodation.

This aid is paid by the departmental council: the request must be made to the CCAS of your city.

6. Housing development assistance - If you are retired from the general scheme and you wish to carry out work to improve or adapt your accommodation in order to prevent the loss of autonomy (isolation, accessibility, health, etc.), your pension fund can grant you assistance fi-nancial.

However, you are not entitled to this aid if you receive APA, ACTP, PCH, MTP, widow's allowance, or if you are hospitalized at home.

Your pension fund can help you, especially if you cannot benefit from APA. Do not hesitate to contact her to find out your rights.

7. Tax assistance -

For taxable persons

• Tax reduction

It takes into account up to a maximum of € 2,500 per person for accommodation and long-term care expenses (after deduction of APA and housing assistance). Note: you must have dependency-related costs to benefit from the tax reduction (not just accommodation costs).

For non-taxable people - The Tax Credit

As of the taxation of income in 2017, you can benefit from a tax credit, if you use a home help service or if you directly employ a help home. The tax credit is equal to 50% of your annual expenses for home help (minus APA and other help).

8. Health-related expenses

Health insurance offers support systems for the health of people with limited resources.

CMU-C (Complementary Universal Health Coverage)This entitles you to 100% care without cost advance. To be eligible, you must have been in a stable and regular situation on French soil for more than three months, and have a monthly income below a fixed amount.

ACS (Aid for the payment of a complementary health insurance) It is an aid to the financing of an additional health cover for the people whose resources are weak, but slightly higher than the ceiling giving right to the CMU-C. This assistance is in the form of a check certificate, the amount of which is € 550 for people over 60 years of age.

You can find any of the federal government grants and loans as per your need. federal government grants and loans are to help needy people who cant even able to live their life.

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