Stopping scams takes teamwork

A Boston suburb combined its high school and senior center to create a hub for the community. The result has saved space and forged interesting friendships.

More than five million Americans have Alzheimer’s or similar illnesses, and that number is growing as the population ages - without any immediate prospect of a cure, advocacy groups have begun promoting ways to offer people with dementia a comfortable decline instead of imposing on them a medical model of care, which seeks to defer death through escalating interventions. An Arizona nursing home offers new ways to care for people with dementia.

Up until 2015, people living with HIV in the U.S. could not buy term life insurance, outside of a few small-value employer policies. Æqualis, a new company in partnership with Prudential Financial, began offering 10- and 15-year life insurance policies to individual consumers to help them and to reduce stigmas surrounding the disease.

Most insurance companies avoid insuring poor farmers because the transaction costs are too high, but a non-profit in Kenya created a sustainable way to cover them.

In the U.S. most supportive housing programs have a 75 percent turnover rate, meaning people end up in the streets again. Direct Access to Housing in California manages a turnover rate of only 15 percent by providing a home, counseling, and financial management.

Neighborhood Trust is a New York-based nonprofit offering financial advice to individuals experiencing economic hardships. Providing hands-on coaching, counselors are able to inform their clients about financial options they may have otherwise not known about like college financial aid or child care tax credits.

With more and more Americans having to pay medical costs out of pocket, a small company out of Philadelphia called ELAP is on the front lines of the war against escalating charges. By helping overwhelmed patients to de-mystify and negotiate medical bills, they are ensuring patients get the best value and avoid egregious financial distress.

In the wake of Hurricane Sandy, necessity has bred an interesting kind of financial invention for the New York MTA: the world’s first “catastrophe” bond - a reinsurance for the insurer - designed to protect public transportation infrastructure, specifically against storm surge. These bonds privatize risk for public gain, creating a kind of tool that may protect economic development against all kinds of natural and man-made disasters around the world.

Cities tend to be dangerous and difficult places to live for older residents. A private public partnership in New York is catering to seniors through small changes in the city such as para-transit options and seniors-only hours at public establishments.

Some inner city schools, nonprofits, and businesses in New York lack the staff to make their organizations function for the people they serve. ReServe is a program that links retired professionals with part-time jobs in schools, libraries, hospitals and other city agencies to help fil this gap.