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Omaha ElderCare Resource Handbook:
Financial

Financial Concerns and Resources

Hospitals and hospice programs often have foundations established to help those in need.
Many pharmaceutical companies offer discounted prescription programs.

AARP Nebraska Information Center
(tax preparation for seniors)
www.aarp.org/states/ne
402-398-9568

Alzheimer’s Association
www.alz.org/nebraska
National Helpline – 800-272-3900
Omaha – 402-502-4301
Council Bluffs – 712-322-8840

American Red Cross
www.redcross.org/local/nebraska-iowa
888-890-9569
Omaha – 402-343-7700
Council Bluffs – 712-322-4017

Area Agencies on Aging
Eastern Nebraska Office on Aging
www.enoa.org
888-554-2711
402-444-6536

Area Agencies on Aging
Connections Area Agency on Aging
www.connectionsaaa.org
800-432-9209
712-328-2540

Assistive Technology Partnership (ATP)
www.atp.ne.gov
888-806-6287 (resource coordinator)
877-201-4141
402-595-1923

Bellevue Human Services
(Bellevue residents only)
www.bellevue.net/departments/humanservices
402-293-3138

Catholic Charities
www.ccomaha.org
402-554-0520

Consumer Financial Protection Bureau
www.consumerfinance.gov/older-americans

Council Bluffs Community Development
(emergency plumbing and electrical home repair cost)
www.councilbluffs-ia.gov
712-328-4629

Departments of Health & Human Services – Nebraska
www.dhhs.ne.gov
402-595-2890

Departments of Health & Human Services – Iowa
www.dhs.iowa.gov
712-328-5661

Douglas County General Assistance
(utilities & rent)
www.douglascounty-ne.gov/generalassist
402-444-6215

Dreamweaver Foundation
(fulfills wishes for seniors with a terminal illness)
www.thedreamweaverfoundation.org
402-697-5471

Eastern Nebraska Community Action Partnership (ENCAP)
www.encapomaha.org
Main Office (North) – 402-453-5656
Sarpy County – 402-292-2961
Douglas County (South) – 402-734-4110 ext. 1332

Goodfellows
(emergency assistance)
www.owh.com/goodfellows
402-444-1388

Habitat for Humanity
www.habitatomaha.org
402-457-5657 (Roof and Repair Program)
402-934-1033 (ReStore)

Heartland Family Service
(emergency services)
www.heartlandfamilyservice.com
North – 402-451-6244
Sarpy – 402-339-2544
Council Bluffs Lakin Campus – 712-435-5350

Homestead Exemption
Douglas County Assessor
www.dcassessor.org
402-444-7060

Homestead Exemption
Sarpy County Assessor
www.sarpy.com/assessor
402-593-2122

Homestead Exemption
Pottawattamie County Assessor
www.pottco.org
712-328-5617

Inter-Faith Response
712-322-0531

Iowa Able Foundation
(loans for home modifications & assistive devices)
www.iowaable.org
888-222-8943

Iowa Department of Revenue
Rent Reimbursement Program
www.state.ia.us/tax
800-367-3388

Nebraska Telephone Assistance Program
Nebraska Public Service Commission
www.psc.nebraska.gov
800-526-0017

North American Securities Administrators Association
www.nasaa.org/1723/senior-investor-resource-center

One World Community Health Centers
www.oneworldomaha.org
402-734-2028

Pottawattamie County General Assistance
(rent, utility or medication assistance)
www.pottcounty.com
712-328-5867

Respite Across the Lifespan
www.unmc.edu/mmi/services/familyresources/index.html
402-559-5732
402-559-5735

Salvation Army
www.givesalvationarmy.org
402-898-5966 (utilities assistance)
402-898-5900

Social Security Administration
www.ssa.gov
800-325-0778 (TTY)
800-772-1213 (national)
866-716-8299 (Omaha office)

St. Vincent de Paul
www.svdpomaha.org
402-496-7988

Together
www.togetheromaha.org
402-345-8047

U.S. Department of Veterans Affairs
www.va.gov
800-827-1000

United Way (211)
www.unitedwaymidlands.org
www.ne211.org
402-444-6666
211

Volunteers Assisting Seniors
www.vas-nebraska.com
402-444-6617

West Central Community Action Association
(energy assistance)
www.iowacommunityaction.org
712-322-2621

Trust Services

Many banks offer trust and wealth management services. Consult your phone book for further listings.

Aging Resources Group
Wilfred H. Looby
PO Box 9092
Omaha, NE 68109
402-346-2020

Core Bank Trust
www.corebanktrust.com
13220 Birch Drive, Suite 210
Omaha, NE 68164
402-827-9600

First National Wealth Management
www.firstnationalwealth.com
14010 FNB Parkway, Suite 200
Omaha, NE 68154
800-538-7298

First Nebraska Trust Company
www.firstnebtrust.com
310 Regency Parkway Drive, Suite 120
Omaha, NE 68114
402-392-2200

Provident Trust Company
www.providenttrustcompany.com
8401 West Dodge Road, Suite 256
Omaha, NE 68114
402-393-8300

Security National Bank Trust Department
www.snbconnect.com
1120 South 101^st Street
Omaha, NE 68124
402-344-7300

Union Bank & Trust
www.ubt.com
2720 South 177^th Street
Omaha, NE 68130
402-827-6987

Reverse Mortgages

A reverse mortgage is a type of home loan that lets individuals aged 62 and older convert a portion of the equity in their home into cash. The Home Equity Conversion Mortgage (HECM) is FHA’s reverse mortgage program. You must meet with an HECM counselor first to discuss eligibility and requirements. Call HUD at the number below to find an FHA reverse mortgage lender as well as a counselor or search online on their website. Consult your phone book for further listings of private reverse mortgage lenders.

HUD Home Equity Conversion Mortgage
www.hud.gov
800-569-4287

Retirement Funding Solutions
www.jodysmythe.com
14301 FNB Parkway, Suite 176
Omaha, NE 68154
402-290-7526

Long-Term Care Insurance

Long-term care insurance (LTCI) was developed to cover long-term services and supports, including personal and custodial care in a nursing facility, an assisted living facility or in an individual’s home. Long-term care insurance policies reimburse policyholders a daily amount (up to a preselected limit) for services to assist with activities of daily living such as bathing, dressing and eating. The policyholder can generally select from a range of care options and benefits that allow them to get the services they need, where they need them. Without LTCI, many people pay privately for their long-term care needs and this can become very costly. Medicaid only becomes effective when a person has spent down most of their personal resources. Medicare only covers certain medical expenses and for a limited time.

If the individual is in poor health or already receiving long-term care services, they may not qualify for LTCI . In some cases, they may be able to buy a limited amount of coverage or to buy coverage at a higher “non-standard” rate. Since there is no national policy for LTCI, it is wise to research the topic and talk to several companies before deciding whether the insurance is needed or which policy is best for you. Many personal considerations will come into play during this process. These include:

What is my personal financial situation and do I in fact need LTCI for myself and/or my spouse?

When should I purchase such a policy? It is often beneficial to begin consideration and research into LTCI between the ages of 45 and 60.

When you do start shopping for a policy, we suggest you consider the following:

What services are covered? Does the policy provide for home health care and assisted living facilities as well as for nursing homes?

What are the daily benefit amounts available? What amount will be needed to meet your particular needs?

What is the waiting period before benefits begin?

Are you required to have an assessment of activities of daily living, a physician’s certification of need or a prior hospital stay before benefits can be redeemed?

What is the benefit pay out period: 2 years, 4 years or lifetime?

Is there an inflation clause built in and what is that percent factor?

Is there a maximum lifetime benefit?

Have any complaints been filed with the Department of Insurance against the company?

It is helpful to research current prices of senior living options along with home health care companies to determine the level of policy one would need to be able to afford the type of care desired.

Very important: Be sure to understand the criteria required by the insurance company to be eligible for benefits.

These are by no means all the things to consider when making this decision but they can make for a good start. For more information on long-term care insurance, contact:

Department of Health & Human Services
Administration for Community Living
www.longtermcare.gov
202-619-0724

SHIIP (Senior Health Insurance Information Program) – Nebraska
www.doi.nebraska.gov/shiip
800-234-7119
402-444-6617

SHIIP (Senior Health Insurance Information Program) – Iowa
www.therightcalliowa.gov
800-351-4664

Insurance Providers

Consult your phone book for further listings. Only advertisers are listed.

Medicare Insurance Solutions
Matt Jetter
www.mattjetter.com
2128 South 145^th Circle
Omaha, NE 68144
402-215-1017

Return to the Omaha ElderCare Handbook

Omaha ElderCare Resource Handbook: Financial