Based on the 2020 U.S. Census, the number of individuals over 65 years old has skyrocketed from 4.9 million in 1920 to nearly 56 million at the start of the decade. This jump means we are living longer and healthier lives, with 1 in 6 Americans now at retirement age. This stage of life comes with great opportunities to spend time with loved ones or enjoy your favorite activities, but the senior community also faces financial, medical, and social challenges. In this article, we’ll discuss government benefits available for older adults that can help you make the most of your golden years.
Financial Assistance
The Social Security Administration (SSA) provides financial support and protection for Americans throughout various stages of life. One of their most notable programs for older adults is the Social Security Retirement benefit, a monthly check to supplement or replace part of your income when you stop working. If you paid Social Security taxes for over 10 years while working and are over 62 years old, you are likely eligible for benefits. SSA also offers Supplemental Security Income (SSI) to some individuals 65 and older who have very limited income and resources. You can apply for SSI at the same time as your retirement benefits.
Visit SSA’s website to see if you’re eligible and to apply for Social Security Retirement benefits.
Healthcare Coverage
The Social Security Medicare Program, or just “Medicare,” is our nation’s health insurance program for citizens aged 65 years or older. You can sign up for Medicare when you apply for your Social Security benefits. Recipients with a limited income may also qualify for Medicare Savings Programs to help pay some or all their Medicare premiums, deductibles, copayments, and coinsurance.
Community Building
People can feel lonely at any stage, but older adults can be more vulnerable to feeling isolated. Support your mental well-being and that of your community by volunteering through an AmeriCorps Seniors program. All volunteers must be at least 55 years old to participate. Some programs may also offer a stipend for volunteers who meet specific income criteria.
- AmeriCorps Seniors Foster Grandparent Program – Mentor and tutor children as an AmeriCorps Seniors volunteer in the Foster Grandparent program.
- AmeriCorps Seniors Senior Companion Program – Use your skills and talents to make older adults' independence a reality in the Senior Companion program.
- AmeriCorps Seniors RSVP – Put your skills to work for causes you care about. The RSVP program pairs volunteers with organizations creating change in communities across the country.
Find More Benefits
Discover more government resources and programs relevant to retirees by browsing our Approaching Retirement category, part of our Life Events search feature. You can also find all the benefits you may qualify for by using the Benefit Finder tool. Answer questions about yourself and your family to find relevant benefits from across the Federal Government.
