Des Moines eldercare resource handbook
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Des Moines Resource Handbook:
Financial

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

 
AARP Employment Program
www.aarpworksearch.org
3311 SW 9th Street, Suite 300
Des Moines, IA 50315
515-287-1555
 Aging Resources of Central Iowa
www.agingresources.com
5835 Grand Avenue, Suite 106
Des Moines, IA 50312
800-747-5352
515-255-1310
 
American Cancer Society
lodging assistance for cancer patients needing to drive
more than 50 miles to their cancer treatments

www.cancer.org
8364 Hickman Road, Suite D
Des Moines, IA 50325
800-688-0147
515-727-0073
 American Diabetes Association
www.diabetes.org
4430 114th Street
Urbandale, IA 50322
888-342-2383
515-276-2237 ext. 6862
 
Broadlawns Medical Center
www.broadlawns.org
1801 Hickman Road
Des Moines, IA 50314
515-282-2246
 City of Des Moines Community Action Agency
advocates for Des Moines low-income elderly and disabled
www.dmgov.org
Sixth Avenue Site Office
1618 6th Avenue
Des Moines, IA 50314
515-248-6216
 
Eddie Davis Community Center
www.eddiedaviscenter.org
1312 Maple Street
West Des Moines, IA 50265
515-277-1103
 Iowa Able Foundation
loans for disabled persons to obtain assistive devices
www.iowaable.org
888-222-8943
 
Iowa Department on Aging
Older Workers Community Service Employment Program
www.iowaaging.gov
800-532-3213
515-725-3323
 Iowa Department of Human Services Adult Services
www.dhs.state.ia.us
2309 Euclid Avenue
Des Moines, IA 50310
515-725-2725
 
Iowa Department of Revenue
www.state.ia.us/tax
Hoover State Office Building
1305 East Walnut Street
Des Moines, IA 50319
800-367-3388
515-281-3114
 Iowa Department of Veteran Affairs
www.va.iowa.gov
7105 NW 70th Avenue
Camp Dodge, Building 3465
Johnston, IA 50131
800-838-4692
515-252-4698
 
Lions Clubs of Iowa
assistance with vision impairments
www.iowalions.org
515-232-2215
 PEER Advocate Program
www.polkcountyiowa.gov/cfys/pages/peer.aspx
2309 Euclid Avenue
Des Moines, IA 50310
515-286-2112
 
Polk County Adult Services
protective payee services
www.polkcountyiowa.gov/cfys/pages/adultservices.aspx
2309 Euclid Avenue
Des Moines, IA 50310
515-286-3484
 Polk County General Assistance Program
www.polkcountyiowa.gov/cfys/pages/generalassistance.aspx
2309 Euclid Avenue
Des Moines, IA 50310
515-286-2088
 
Red Rock Community Action Center
www.iowacommunityaction.org
406 SW School Street, Suite 305
Ankeny, IA 50021
515-965-0433
 Social Security Administration
www.ssa.gov
River Point Office Complex
455 SW 5th Street, Suite F
Des Moines, IA 50309
800-772-1213
 
St. Vincent de Paul Society
www.svdpdsm.org
1426 6th Avenue
Des Moines, IA 50314
515-282-8327
 West Des Moines Human Services
www.wdm-ia.com
318 5th Street
West Des Moines, IA 50265
515-222-3660
 
 
Income Tax Filing Assistance
 
AARP
www.aarp.org/taxaide
600 East Court Avenue, Suite 100
Des Moines, IA 50309
866-554-5378 (call for tax aide locations)
 Red Rock Community Action Center
www.iowacommunityaction.org
406 SW School Street, Suite 305
Ankeny, IA 50021
515-965-0433
 
 
Reverse Mortgages
Many mortgage companies offer reverse mortgages.
Consult your phone book for further listings.

 
Bankers Trust
www.bankerstrust.com
800-362-1688
515-245-2800
 Capital Mortgage
www.capitalmortgageiowa.com
5500 Westown Parkway, Suite 140
West Des Moines, IA 50266
515-223-7186
 
 
Trust Services
 
American Trust and Savings Bank
www.americantrust.com
9350 University Avenue, Suite 138
West Des Moines, IA 50266
515-283-3750
 Bankers Trust
www.bankerstrust.com
800-362-1688
515-245-2800
 
Elder Concerns, LC
www.elderconcerns.com
2420 Beaver Avenue
Des Moines, IA 50310
515-274-4471
 Iowa State Bank
www.iowastatebanks.com
888-824-0111
515-246-8240
 
US Bank
www.usbank.com
515-245-6210
 Wells Fargo Bank
www.wellsfargo.com
888-667-1551
800-352-3705
515-245-3057
 
West Bank
www.westbankiowa.com
800-810-2301
515-222-2300
 
Financial Planners & Long-Term Care Insurance Providers
Please consult your phone book for further listings.

 
Advocate 4 the Aging
www.advocate4theaging.com
515-707-4265
 Anderson Financial Strategies Group of Wells Fargo Advisors
www.wfadvisors.com/keith.anderson
www.wfadvisors.com/rebecca.albers
4344 Corporate Drive
West Des Moines, IA 50266
800-798-3800 ext. 5272
515-222-5272
 
Financial Architects
www.financialarchitectsinc.com
12345 University Avenue, Suite 200
Clive, IA 50325
515-457-1276
 
Long-Term Care Insurance

Long-term care insurance (LTCI) allows for options of care without diminishing one’s finances. Depending on the policy, assistance can be utilized in a nursing home or in your own home. With no LTCI, individuals must pay privately for their long-term care needs. Generally, Medicare will not cover long-term care. Medicaid is the only government financial assistance available for these services and it only becomes effective when a person has spent down most of their personal resources.

It is wise to research long-term care and talk to several insurance companies before deciding whether you need the insurance and which policy is best for you. Many personal considerations will come into play as you begin 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 50 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 make for a good start.

For assistance with insurance questions and/or filing forms, consult the following resources:
 
U.S. Department of Health & Human Services
Own Your Future Long-Term Care Planning Kit
www.longtermcare.gov
866-752-6582
 Senior Health Insurance Information Program (SHIIP)
www.therightcalliowa.gov
800-351-4664
 
Also, consult the Consumer Inquiries and Complaints section or the Financial Planners and Long-Term Care Insurance Providers section.