Financial Assistance Options for Individuals and Families in Indiana

With an unpredictable economic climate, it is not uncommon for families and individuals in Indiana to face financial challenges. Fortunately, various State and Non-profit organizations provide financial assistance to families and individuals experiencing financial hardship. This guide provides information on possible resources, eligibility criteria, application process, and strategies to mitigate financial need.

Government Financial Assistance Options

Temporary Assistance for Needy Families (TANF)

The Indiana Family and Social Services Administration provides temporary financial assistance, also known as TANF, to eligible low-income families with dependent children. The aim is to help these families move towards self-sufficiency through employment. The income limit varies depending on the number of people in the household, but a family of three, for instance, could earn a maximum income of approximately $1,356 per month to qualify. Families can visit the Family Resources Portal on the official website to apply.

SNAP (Supplemental Nutrition Assistance Program)

Formerly known as the Food Stamp program, SNAP provides eligible individuals and families with electronic benefit transfer (EBT) cards to purchase groceries. Eligibility largely depends on household size, income, expenses, and resources. Interested parties can apply online at the Division of Family Resources website.

Government Subsidies

Medicaid

Medicaid program provides health coverage for some low-income individuals, families, and children, pregnant women, the elderly, and people with disabilities. The income limit for eligibility is approximately 138% of the federal poverty level. To apply for these benefits, individuals can visit the Indiana Medicaid website.

Earned Income Tax Credit (EITC)

EITC is a tax credit for low- to moderate-income working individuals and families, particularly those with children. Eligibility is determined by income and family size. To apply for the EITC, individuals can claim the credit on their annual tax return.

Non-Profit Agencies

United Way of Central Indiana

This Non-profit offers various financial assistance programs, including rent and mortgage assistance. The eligibility criteria may vary, so it is recommended to directly contact United Way through their official website or helpline.

The Salvation Army Indiana Division

The Salvation Army provides multiple forms of assistance, including food assistance, rent/mortgage assistance, and utility assistance. Visit their website or call the local office for information on how to apply.

Strategies to Get Out of Financial Need

Despite the availability of assistance, it is also important to develop personal strategies to overcome financial need. This includes budgeting effectively, prioritising essential expenses, developing a saving plan, and improving employability skills to secure better-paying jobs. Additionally, seeking financial counselling from free local resources can provide guidance and a more personalised approach to financial management.

Remember, there is no shame in seeking help when faced with financial difficulties. Numerous resources are available in Indiana for financial assistance, so use them while striving for financial independence.