Don’t let your veteran or elderly loved one go without insurance or Medicare!

Veterans and elderly Americans are two groups that tend to be particularly vulnerable to financial insecurity. In addition to being more likely to have a disability, veterans and the elderly often have less access to traditional forms of insurance, like employer-provided health insurance. As a result, they are more likely to face costs associated with medical conditions that are not covered by their health insurance. Medicare is an important source of coverage for the elderly, but it does not cover all medical expenses.

The Department of Veterans Affairs offers insurance programs for veterans and their families. The VA has life insurance, home loan guaranty, and disability compensation programs. The VA also has a health care program that covers veterans and their families. The VA’s life insurance program is called the Veterans’ Group Life Insurance (VGLI). VGLI is a term life insurance policy that provides coverage up to $400,000. The policy can be converted to a permanent policy at any time. The home loan guaranty program guarantees loans for veterans and their families. The program helps veterans buy homes by providing lenders with a guarantee that the loan will be repaid even if the veteran dies or becomes disabled. The disability compensation program provides monthly payments to veterans who are permanently disabled or who have died from service-related injuries. The health care program provides free or low-cost health care to veterans and their families.

Medicare is a government-run health insurance program for people age 65 and older, as well as for some disabled people. In 2015, about 55 million people were covered by Medicare.1

Most people with Medicare can choose to get their health care coverage through Original Medicare or a Medicare Advantage plan. Original Medicare is a fee-for-service program in which you typically go to any doctor or hospital that accepts Medicare. With a Medicare Advantage plan, you must stay within the plan’s network of doctors and hospitals, but you typically have lower out-of-pocket costs than with Original Medicare.2

Veterans who are age 65 and older can get their health care coverage through Original Medicare or a Veterans Affairs (VA) health care program.

In conclusion, insurance and medicare are vital for veterans and elderly. They provide necessary care and assistance, which allows these populations to live healthier and more fulfilling lives. It is important that we continue to support these programs, so that all Americans can have access to the best possible healthcare.