Health Minister Deb Matthews says proposed measures include more house calls by doctors, more access to home care for seniors in need, and special co-ordinators to ensure seniors receive the right care.
It also includes a home-renovation tax credit for seniors to adapt their homes as they get older.
Dr. Samir Sinha, director of geriatrics at Mount Sinai Hospital, will oversee the process.
Matthews says Sinha will hold consultations over the summer and report to the government in the fall on how to best implement the strategy.
The government says older adults make up 14 per cent of Ontario's population and account for nearly half of current health-care spending in the province.