Many seniors are rapidly on the road to economic devastation due to being on a fixed income, usually social security. The following are policies that I seek to introduce to lower the burden on seniors who are on a fixed income:
Medicare Expansion and Prescription Drug Reform:
Affordable Prescription Drugs: Lower the cost of prescription medications, making essential drugs more accessible for seniors.
Medicare Coverage Expansion: Explore options for expanding Medicare coverage to include dental, vision, and hearing services.
Affordable Housing Initiatives:
Low-Income Senior Housing Programs: Invest in affordable housing options specifically designed for seniors, ensuring safe and comfortable living environments.
Limit Rental expenditures: Seniors on social security and/or disability, or have an income that is less than what they receive from social security shall not pay more than 1/3 of their income toward rental housing
Property Tax Relief: Explore policies that provide property tax relief for seniors on fixed incomes.
Strengthen Pension Plans: Enhance regulations and oversight to protect pensions, ensuring that retirees receive the benefits they have earned.
Encourage Retirement Savings: Implement policies that encourage seniors to save for retirement, possibly through tax incentives or employer-sponsored plans.
Elderly Employment Programs:
Job Training and Placement: Establish programs to provide job training and placement services for seniors who wish to or need to continue working.
Flexible Work Opportunities: Encourage employers to offer flexible work options for seniors, facilitating phased retirement.
Medicaid Expansion: Explore options for expanding Medicaid to provide more comprehensive long-term care coverage for seniors.
Caregiver Support Programs: Develop programs that support family caregivers, recognizing the crucial role they play in caring for seniors.
Senior Tax and Tax Credits:
Tax Relief for Seniors: Implement targeted tax credits for seniors, including credits for property taxes, healthcare expenses, and other costs associated with aging.
Further Tax Relief: Eliminate the tax on social security and in its stead tax subsidies, bailouts, and crop insurance
Income Tax Exemptions: Examine the possibility of income tax exemptions for a portion of seniors' income.
Technology Access and Training:
Digital Literacy Programs: Support programs that enhance seniors' digital literacy to ensure they can access online resources for information, services, and job opportunities.
Affordable Internet Access: Work towards making affordable high-speed internet access widely available to seniors.
Elder Financial Abuse Prevention: