Learn This Guide to Senior Health Benefits – Options and Costs

Over 9.3 million veterans over 65 are currently eligible for both Medicare and VA-sponsored health care. Veterans and qualified dependents can use VA benefits to complement 

 The Department of Defense (DoD) Military Health System (MHSS) provides health care through its TRICARE program to active duty service personnel and their families, as well as military retirees from all uniformed branches who have served at least 20 years.

 Eligible retired military members with Medicare Parts A and B may be eligible for the Department of Defense’s Tricare for Life (TFL) program, which, like private Medigap insurance, covers certain out-of-pocket medical costs that Medicare Part B does not cover.

Assisted Living Facilities 

Assisted living is a long-term health care option for people who require assistance with daily activities such as eating, bathing, dressing, and medication administration, among others. 

There are currently about 30,200 professionally managed assisted living complexes in the United States, accommodating over 835,000 individuals.

The cost of assisted living can vary greatly depending on a variety of factors, including the size of the residence and the services provided. In 2018, the national median monthly rate for an assisted living facility was $4,000.

Because assisted living is not commonly covered by Medicare, more than 86% of residents pay for their rent and services through private, long-term care insurance or their own resources.

However, 41 states have waiver programs to assist low-income seniors in affording this choice.