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Arguments for raising the Medicare age. In looking at the costs of the Medicare program alone, it's obvious that if 65- and 66-year-olds aren't eligible for coverage, then Medicare will have lower costs compared to what they'd be if these people were covered.For example:f Medicare raises its eligibility age, the medical costs for seniors ages 65 and 66 don't disappear -- they're simply shifted somewhere else.
In Budget 2012, the Canadian federal government formally announced the changes it planned for the Old Age Security (OAS) pension. The major change will be raising the eligibility age for the OAS and related Guaranteed Income Supplement (GIS) from 65 to 67, beginning April 1, 2023.t is now funded from general revenue, although for many years there was such as thing as an OAS Tax. The Canadian Old Age Security (OAS) program is a basic safety net for seniors. It provides a modest monthly payment to seniors 65 years of age and older who meet the Canadian residency requirements.