NAELA Submits Comments to Senate Aging Committee on Financial Literacy for Older Adults
The Senate Aging Committee Chair and Ranking-member plan to draft a report that focuses on ways to improve the financial literacy and supports available to older adults and people with disabilities. NAELA submitted comments for their input. “At a minimum, financial education for people with disabilities and older adults could better prevent mistakes and confusion by recognizing that for many older adults and people with disabilities, Medicaid financial criteria may need to be a factor in their financial decision-making,” states the letter.