Money Management

Family Eldercare's Money Management Program helps seniors and people with disabilities continue to live independently in their homes and in their neighborhoods through assistance with managing their benefits and/or income.

 

Family Eldercare began providing Money Management Services in 1986 to prevent abuse, neglect and exploitation of seniors and adults with disabilities. Our goal is to provide assistance and support to those who lack the capability to manage their benefits or just need a little help to ensure basic needs are met.

 

Money Management offers the following services: 

 

Representative Payee

·      Manage Social Security Benefits on behalf of seniors and adults with disabilities.

 

·      Family Eldercare serves as an Organizational Representative Payee appointed by the Social Security Administration or the Office of Personal Management to receive benefit payments for individuals who lack the capability to manage their benefits.

 

·      Services include establishing a bank account within Social Security guidelines, developing a budget, payment of monthly bills, advocating and negotiating on behalf of the individual; make referrals for services or resources, apply for all local and governmental benefits and entitlements, and Social Security annual report.

 

·      The Social Security Administration and an independent third party monitor who reviews all accounts monthly monitors this service to ensure accountability.

 

·      Social Security sets the service fee for representative payee services, currently at $41 per month.

 

 

Bill Payer

·        Assist seniors and adults with disabilities to manage their finances.

 

·         Voluntary program where individuals remain in control of their benefits, while we provide support and guidance to help pay their bills and live within a budget.

 

       Bill Payer Assistance secures financial interests and keeps a watchful eye out for financial exploitation or self-neglect.

 

       Services include assistance with reading and sorting mail, establishing a budget, writing checks for the individual to sign, balancing checkbook, apply for all local and governmental benefits and entitlements and most importantly making sure bills are paid in a timely manner.

 

       A service fee in incurred for individuals earning more than 200% FLP ($1,945.00/month)

 

 

VA Fiduciary

·       Manage Veteran Affairs benefits for veterans who receive service connected disability benefits or pension.

 

·       Family Eldercare is an approved Federal Fiduciary.

 

·       Services must be appointed by the Veterans Affairs.

 

·       This program is supported by a grant from the Texas Veterans Commission Fund for Veterans’ Assistance. The Fund for Veterans’ Assistance provides grants to organizations serving veterans and their families. Information about this assistance can be found at: http://www.tvc.state.tx.us/.

 

·       The Veterans Affairs determines the monthly service fee assessed.

 

 

Texas Veterans Commission logo

 

Case management compliments our services to ensure the individual is linked with the community resources to support their goals and have an advocate on their side. All individuals served will have a reduced risk of abuse, neglect or financial exploitation.

 

The Money Management Program strives to reduce the risk of homelessness by ensuring individuals' benefits are used to maintain housing and meet their basic needs; food, medical, clothing, personal.

 

*Services provided in Travis and Williamson Counties 



Support for this program also provided by:

applied materials foundation logo       

Volunteer to be a Bill Payer

  • Become a Bill Payer or Representative Payee to help a senior or adults with a disability better manage their finances. This volunteer opportunity requires at least 2 hours per month. Bill payers assist clients with…

Money Management Workshop

  • Financial Protection for Older Adults
    This training will explore ways to assist a loved one in managing their financial affairs and protecting them from exploitation.  Participants will learn general tools for assessing whether an individual has legal capacity to make…

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