Money Guide: What Benefits Exist Today?

What government benefits are available today? Many people don’t know the benefits they qualify for, or even that they exist. This guide will go over a variety of different government benefits that are available to citizens in the United States.

Whether you’re looking for financial assistance or help with your health, there’s most likely a benefit out there for you! Keep reading this money guide to learn about the various benefit programs.

Medicaid

Medicaid is a government program that provides health care coverage for low-income Americans. It is available to those who earn less than 133% of the federal poverty level. Medicaid covers a wide range of services, including doctor visits, prescriptions, hospitalizations, and dental care.

You can also file a benefits claim for disability.

Food Stamps

Food stamps offer assistance to low-income Americans in the form of food vouchers. Eligibility for food stamps is based on income and family size. Vouchers can purchase a variety of foods, including fruits, vegetables, meat, and dairy products.

Cash Assistance

Cash assistance provides financial assistance to low-income families. Eligibility is based on income and family size. Cash assistance pays for rent, utilities, food, and other essentials.

Child’s Health Insurance Program (CHIP)

The Child’s Health Insurance Program (CHIP) is a program that provides health insurance coverage for children in low-income families. CHIP is available to children who earn less than 200% of the federal poverty level. It covers a wide range of services, including doctor visits, prescriptions, hospitalizations, and dental care.

Earned Income Tax Credit (EITC)

The Earned Income Tax Credit (EITC) is a government program that provides tax credits to low-income workers. Eligibility for the EITC is based on income and family size. The EITC can be worth up to $6,000 per year.

Low-Income Home Energy Assistance Program (LIHEAP)

The Low-Income Home Energy Assistance Program (LIHEAP) is help that provides financial assistance to low-income families for home energy costs. Eligibility for LIHEAP is based on income and family size. The program can provide up to $2,000 per year in assistance.

School Lunch Program

The School Lunch Program provides free or discounted lunches to low-income students. To be eligible for the lunch program, students must meet certain income requirements. The program provides a nutritionally balanced meal each day.

Supplemental Nutrition Assistance Program (SNAP)

The Supplemental Nutrition Assistance Program (SNAP) is a government program that provides food assistance to low-income Americans. Income and family size determine eligibility for assistance. The program provides a monthly allowance of food stamps that can buy a variety of foods.

Temporary Assistance for Needy Families (TANF)

Temporary Assistance for Needy Families (TANF) provides cash assistance to low-income families. Eligibility for TANF is determined by income and family size. The program provides a monthly allowance of cash assistance that can pay for rent, utilities, food, and other essentials.

A Basic Money Guide: Saving Money Through Government Benefits

So far, we’ve discussed a number of ways that you can improve your financial situation. Applying for government benefits is one of the best money help options available to you. By following our money guide, you can benefit from cutting costs and saving money, which is essential for those on a low income.

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