SilverBills receives, scrutinizes and stores household bills. In effect, clients no longer need to keep track of bills, write checks or remember deadlines. Not typically a concern that would involved NIH SBIR ssupport. However. the rational offered in some detail by the agency makes consummate sense. "Keeping current with bills can be challenging, and mistakes can lead to dire consequences, including termination of vital services such as electricity, eviction or foreclosure, and financial exploitation. These challenges may impede safely aging in place, and overwhelmed caregivers are often tasked with the problem. Using proprietary software plus concierge service, SilverBills receives, scrutinizes, stores, and ensures payment of clients household bills. SilverBills has developed a proprietary software application that handles all types of payments. This robust technology is combined with a dedicated U.S.-based account manager whom clients can contact by phone, email, or text. Client computer use is optional. Close to 90% of individuals age 65 and older want to age in their homes, but managing household bills can be an impediment to aging in place. The market of individuals age 65 and older is currently estimated to be 56 million individuals. This number is expected to increase to 80 million by 2040. According to AARP, Americans age 50 and up contribute so much to the U.S. economy that theyd constitute the worlds third-largest economy if they were counted as their own country.
