Turning 65? Here’s What Benefits You Can Get to Fight Back Against Inflation

Turning 65 is a significant milestone in the United States, as it opens the door to various government benefits designed to support seniors' health, income, and overall well-being.

1. Social Security Retirement Benefits

At age 65, many individuals consider applying for Social Security retirement benefits.

While you can start receiving benefits as early as 62, doing so before your full retirement age (FRA) will result in reduced monthly payments.

For those born in 1960 or later, the FRA is 67. Delaying benefits past your FRA can increase your monthly benefit amount.

2. Medicare

Medicare is the federal health insurance program for people aged 65 and older. It consists of:

• Part A: Hospital insurance, covering inpatient hospital stays, skilled nursing facility care, hospice care, and some home health care.

• Part B: Medical insurance, covering certain doctors' services, outpatient care, medical supplies, and preventive services.

If you're already receiving Social Security benefits when you turn 65, you'll be automatically enrolled in Parts A and B.

If not, you'll need to sign up during your Initial Enrollment Period, which begins three months before your 65th birthday and ends three months after.

3. Supplemental Security Income (SSI)

SSI provides monthly payments to individuals aged 65 or older who have limited income and resources.

It's designed to help with basic needs such as food, clothing, and shelter.

Eligibility and payment amounts vary based on your financial situation.

4. Supplemental Nutrition Assistance Program (SNAP)

SNAP, formerly known as food stamps, offers nutrition assistance to eligible low-income individuals and families.

Seniors over 60 may qualify for deductions related to medical expenses, potentially increasing their benefit amount.

5. State and Local Assistance Programs

Many states offer additional benefits for seniors, such as:

• Property tax exemptions or deferrals

• Utility bill assistance

• Public transportation discounts

• Prescription drug assistance programs

Eligibility and availability vary by state, so it's advisable to check with your local Area Agency on Aging or state health department for specific programs.

6. Housing Assistance

While federal housing assistance is limited, programs like the U.S.

Department of Housing and Urban Development (HUD) offer options such as:

• Public housing

• Housing Choice Vouchers (Section 8)
  These programs assist low-income seniors in securing affordable housing, though waitlists can be long.

7. Additional Resources

To explore and apply for these benefits:

• BenefitsCheckUp: A free service by the National Council on Aging that helps seniors find benefits they may qualify for.

• USA.gov: The U.S. government's official web portal provides information on various benefits and how to apply.

Understanding and accessing these benefits can significantly enhance the quality of life for seniors.

It's essential to research and apply for programs you're eligible for to ensure you receive the support you deserve.

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