You are here

Managing Finances Post-stroke

Most people underestimate the financial costs of a serious health crisis or disability. Use these tips to help you adjust to new financial demands after a stroke:

  • Create a financial plan. Establish a budget to prioritize expenses and spend down assets in the least harmful way. Cut costs and discretionary spending. Use savings or other resources before withdrawing from retirement accounts or using credit cards.
  • Maintain health insurance. It is critical to maintain your health insurance to help pay for post-stroke care.
  • Contact your lender or landlord. Contact your mortgage company or landlord if you see yourself having difficulty paying your mortgage or rent, be proactive and begin discussing your options. Research local and federal housing assistance programs.*
  • Use your local resources. Seek assistance with utilities, food and other necessities. There are hundreds of federal, local, and private resources available in most communities, including neighborhood food pantries and federally funded programs.*

*Find local resources by calling 2-1-1

The online insurance Coverage Guide explains and describes insurance processes, barriers, prior authorizations, and appeals. The guide includes checklists and easy how-to steps.

Post-stroke disability can leave a stroke survivor unable to work. Social Security Disability Insurance (SSDI) benefits can help stroke survivors and their families during this time. Get more information about what it is, types of benefits, the process, and myths about SSDI. 

Access to health insurance is vital for stroke recovery. Programs like Medicare, which is a national health insurance program, are based on certain requirements for eligibility. Learn more on what they are, the different parts to this program, and other important information about Medicare.

Find a Support Group

Go

 

Learn more about spasticity - a common post-stroke condition

Seeking more information about spasticity? The Spasticity Alliance is here to help.

Learn more

Get Involved

 

For over 30 years we have been the trusted source for free resources and education to the stroke community. Together, we empower survivors and their circle of care to thrive after stroke. Make your tax-deductible donation today to support the growing needs of the stroke community.