As the 2024 election approaches, there’s a lot of buzz around the big issues on the table—but for seniors, there are specific concerns that deserve extra attention. While we’re not here to endorse any candidates or parties, we want to make sure you’re informed about the policies and proposals that could impact you and your loved ones. Here are a few key issues to watch as we head toward Election Day:
- Medicare and Healthcare Costs
Access to affordable healthcare is a top priority for many seniors. Candidates from both sides are proposing changes to Medicare—some aiming to expand coverage, while others suggest reforming the program to reduce costs. Keep an eye on how each platform plans to address rising prescription drug prices, long-term care, and coverage for chronic conditions. - Social Security
Social Security is a lifeline for millions of seniors, and the future of the program is a major issue in this election. With discussions around funding and sustainability, it’s important to pay attention to each candidate’s plan for ensuring Social Security remains a reliable source of income for retirees today and in the future. - Long-Term Care and Elder Services
With an aging population, the need for long-term care services, affordable housing, and support for family caregivers continues to grow. Both parties have floated ideas for expanding access to care and making elder services more affordable. Understanding the differences in these proposals can help you decide which direction aligns best with your needs and priorities. - Tax Policy
Changes in tax policy could directly affect retirement income, including how pensions, 401(k) withdrawals, and other retirement accounts are taxed. Some candidates propose tax cuts aimed at benefiting seniors, while others suggest reforms that could impact estate taxes or retirement savings. - Housing and Aging in Place
Many seniors want to stay in their homes as long as possible, and there are policy proposals focused on making aging in place more affordable and accessible. Look for discussions on property taxes, housing assistance, and programs designed to retrofit homes for better accessibility.
We encourage you to stay informed, ask questions, and vote for the policies that will best support YOUR health, financial stability, and well-being.
