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Senior Citizens Benefits From the Government - YouTube
Channel: Aging Media Show
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hi i'm han brown and i'm going to talk
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about the government benefits that come
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with being a senior the topic is senior
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citizen benefits of the government
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the first thing that we're going to talk
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about is medicare it's important for
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seniors to know what this program does
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and if they are eligible for it because
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it provides medical insurance coverage
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as well as prescription drug coverage
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next we'll talk about social security
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which is a monthly payment from the
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government based on your work history
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and contributions made during your
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working year and lastly we'll talk about
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medicaid which helps pay for personal
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care services so that you can live at
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home longer there are many benefits that
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seniors are entitled to provided by the
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us government so let's go through a few
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of them right now you can get up to 2
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000 per year for your health care
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expenses if you are over 65. if you're
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retired and have a low income you may
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qualify for medicare benefits a federal
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program that helps with health care
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costs for some people with limited
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income and resources seniors are
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eligible for free meals at many
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community centers throughout the country
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the government will help pay your
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utility bills if your income falls below
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a certain level you also qualify for
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free transportation which is available
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in some states for seniors who do not
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drive anymore but still need to go
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places like doctor appointments seniors
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are entitled to a free annual wellness
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checkup seniors who live abroad and have
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us-based children or grandchildren may
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be eligible for benefits that allow them
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to stay connected with the united states
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the more money that's accumulated in the
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seniors account while they are still
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working and pay into the system the
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higher their monthly payment will be
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once they retire the senior community
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service employment program provides work
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opportunities for low-income persons 55
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years of age or older some government
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agencies provide services especially for
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seniors including the older americans
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act which funds social service programs
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that help meet the needs of our aging
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population even if you have not worked
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in the united states there is a
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possibility of receiving supplemental
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security income payments from the
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federal government so let's talk about
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medicare medicare is a federal health
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insurance program that covers hospital
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and medical expenses medicare is broken
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into several parts which will dive in a
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little bit later you can get medicare
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when you turn 65 years old or if you
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have been on disability for two
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consecutive years you're also eligible
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to enroll in medicare on the first day
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of the month that you turn 65 years old
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or when you become disabled if you are
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under the age of 65
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coverage is not retroactive so if you
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don't sign up on the deadline you have
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to wait until the next year to get
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coverage again so let's talk about
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medicare part a medicare part a covers
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inpatient hospital stays skilled nursing
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care and hospice care you will pay a
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monthly premium for medicare part a
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which is deducted from your social
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security check now if you have other
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health insurance coverage such as
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employee response or group health plan
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it may cover some of the cost of your
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care and services that are covered by
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medicare parts a and b so to be eligible
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for extra help with prescription drug
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costs through medicaid people with
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limited income must meet certain
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requirements including having limited
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assets so let's talk about medicare part
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b medicare part b covers medical
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services including doctor's visits and
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preventative care there is a lifetime
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limit of 250 000 on all health care
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costs covered under this plan
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excluding prescription drugs if you
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purchase supplemental insurance like
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medigap or an employer-sponsored group
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plan it will cover any expenses that
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exceed this lifetime limit and other
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out-of-pocket now let's talk about
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social security social security is a
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federally run program that provides
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monthly benefits to retiree and disabled
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workers social security is a lifelong
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retirement program you can get benefits
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if you retire disabled or the spouse of
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someone who qualifies for them you can
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also start collecting social security at
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the age of 62. if you delay taking your
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benefits from your full retirement age
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up to age 70 your benefit amount will
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increase if you retire early before your
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full retirement age social security will
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reduce your monthly payment by 25
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per year up to three years before your
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full retirement aid if you are still
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working and paying into social security
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it may be worth waiting until full
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retirement age before claiming benefits
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the average retiree receives about
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thirteen hundred and sixty dollars per
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month from social security and 140 per
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month for medicare if you're over 65 and
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retired there is a special tax break
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just for you social security benefits
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aren't taxed as income so claiming your
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social security benefits on taxes could
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result in a refundable credit of up to 7
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500 if you have not reached full
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retirement age or non-refundable credit
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of up to 6 500 if you have reached full
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retirement age
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there are all the ways to collect social
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security besides just filing for it
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while eligible if your spouse is also
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eligible for social security they should
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file first in order to maximize their
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benefit aid if you are over 65 and still
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working you may get social security
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benefits that include disability
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insurance and survivor benefits so let's
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talk about medicaid it's a government
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sponsor program that provides health
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coverage to people with limited income
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and resources the centers of medicare
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and medicaid services cms manages the
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day-to-day operations of the program to
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qualify for benefits you must be 65
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years or older live in the united states
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legally and have low incomes and little
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or no assets you might also qualify if
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you're blind disabled pregnant caring
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for a child under 18 years old who meets
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certain requirements or getting
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long-term care services you can also get
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help with your medicare prescription
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drug plan and get help paying for
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long-term care services like home health
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adult day care and assisted living
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facilities you can also get free flu
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shots every year and you can save money
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on energy bills through the low income
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home energy assist program
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you also qualify for a 10 discount at
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certain grocery stores with food stamps
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or wic checks you can also lower your
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phone bill by up to ten dollars per
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month through lifeline assistant program
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and this is available in some states so
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let's talk about veteran affairs va
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benefits va benefits are available to
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those who have served in active military
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and were discharged or released under
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conditions other than dishonorable the
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va offers compensation and pension
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benefits education and training
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opportunities
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services life insurance protection and
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home loan guarantee the most common
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benefit a veteran can receive from the
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va is disability compensation which
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provides monthly payments based on
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ability to work in severity of
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disability you can receive a monthly
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benefit check for your work military or
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if you're eligible to collect social
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security retirement benefits in order to
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apply for any type of ba benefit you
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will need a discharge form the dd214
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that shows your military history there
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is no time limit for using va benefits
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as long as the veteran is still living
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veterans who serve after september 7
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2001 may be eligible for additional
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compensation up to 12 000 per year
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depending on their length of service
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disabled veterans are entitled to
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disability payments from the va that can
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range from 127
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to
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2197 dollars per month depending on the
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severity of injury and other factors
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such as dependence so if you're a senior
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citizen it's important to know what
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benefits you may be eligible for from
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the government in order to find out
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reach out and request information from
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your local social security office or
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check with your state department of
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aging about resources that exist in your
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area so with this knowledge you can make
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informed decisions how to spend your
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retirement years whether to stay at home
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or travel abroad and if you have any
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questions please reach out a team member
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can help you
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well i hope you enjoy the show we cover
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