Exploding Population

Pew Research reports that the Baby Boomer generation peaked at 78.8 million during 1999 and, according to AARP, “. . . 10,000 baby boomers are turning 65 every single day, a trend that is expected to continue into the 2030s.”

Limited Income

The majority of America’s seniors are poor as documented by an April, 2017 Kaiser Family Foundation report titled Income and Assets of Medicare Beneficiaries, 2016-2035. The report indicates that, during 2016, half of all Medicare beneficiaries had an annual income of less than $26,200 and one-quarter had annual incomes below $15,250.

During the same period, half of all beneficiaries had savings below $74,450 and one-quarter had savings below $14,550. In addition, half of all beneficiaries had less than $70,950 in home equity, one-quarter had less than $7,350 in home equity, and 24% had no home equity at all.

In sum, these finding indicate that, during 2016, one-quarter of Medicare recipients had annual incomes below $15,250, savings of less than $14,550 and less than $7,350 in home equity with 24% having no home equity at all.

Deteriorating Health

As seniors age, their need for affordable healthcare increases.
The National Council on Aging reports that:

  • Approximately 80% of older adults have at least one chronic disease and 77% have at least two.
  • Diabetes affects 12.2 million Americans aged 60+, or 23% of the older population.
  • 90% of Americans aged 55+ are at risk for hypertension, or high blood pressure.

CMS.gov, the Federal Medicare website, reports that there is a strong relationship between poverty and the health of older adults. “Among Medicare beneficiaries with incomes below the federal poverty level (around $12,000 per year for a single person), 38.7% spend over one-fifth of their annual income on premiums and out-of-pocket medical expenses.”

Affordable Healthcare

In the face of extremely limited income and declining health, almost half of Arizona seniors find that accessing affordable healthcare is a daunting challenge.

The RAND Corporation study Assessing the Care of Vulnerable Elders, conducted in collaboration with Pfizer, Inc., made a comprehensive assessment of healthcare quality provided to the vulnerable elderly. The key finding was that vulnerable elderly receive (only) about half of the care that is recommended for them.

The ACCESSMed Solution

The ACCESSMed Foundation is dedicated to connecting Arizona’s low-income seniors with low-cost and possibly no cost Medicaid benefits. We are a 501(c)(3) community service organization and there is never a cost for any of our services.

Read more about Medicare.