Even though the eligibility age for Medicare benefits is 65, other retiree benefits start much earlier. You can start receiving senior discounts by joining the AARP or AMAC after you turn 50. Minimum age requirements for other reductions can range from 50 to 65 years old, depending on the job or area.
Do you have questions about whether a place has a senior discount? Look into it, and don’t hesitate to ask them. Asking about senior discounts may be necessary because not all businesses make it clear whether they offer them.
Save Big on Shopping
As a senior, regularly shopping can be significantly less expensive, thus giving you more wiggle-room in your overall retirement budget, if you take advantage of any available discounts. Prior to your next shopping trip, keep in mind that several well-known retailers are offering discounts:
Goodwill gives customers 60 years of age and older a 10% discount every Tuesday. For just $6.99 a month, seniors on Medicaid or SNAP can take advantage of all the benefits of Amazon Prime, which is significantly less than the regular price. Customers 60 and older can get a 15% discount at Kohl’s every Wednesday, and anyone over 55 can get a 10% discount at Michaels. Customers 55 and older can receive 5% off their groceries every Wednesday at Hy-Vee. Seniors 65 and older can also take advantage of Rite Aid’s discounts, which include 20% off on the first Wednesday of every month. Walgreens makes wellness essentials more affordable by giving AARP members and customers 55 and older discounts. Lastly, several Habitat for Humanity ReStores offer a 20% discount to seniors 55 and older on Thursdays.
Save On Groceries
Senior discounts are available at many US retailers, which can add up over time if you’re trying to stretch your grocery budget. These discounts offer a great chance to save more money on necessities, even though they might vary by location and are subject to change.
American Discount Stores gives customers over 62 a 10% discount every Monday. Then, Bi-Lo gives customers 60 and older a 5% discount every Wednesday. Customers 55 and older can receive a 10% discount at Fry’s Food Stores on the first Wednesday of every month. Harris Teeter gives customers over 60 a 5% discount on Thursdays. Hy-Vee also takes part, giving seniors 55 and older a 5% discount on Wednesdays; however, the exact deal may differ from store to store. Customers over 65 can get 10% off most items at New Seasons Market every Wednesday for those in the Pacific Northwest and California.
Cut Down Auto Insurance Payments
Many seniors wind up paying much too much for auto insurance, often because they don’t think about other options and just let their policies renew automatically year after year. You’re most likely overpaying for your coverage if you’re over 45 and your monthly premium is more than $38. Thankfully, the majority of seniors can now use Coverage.com, a free website for comparing auto insurance, to save over $400 annually.
Simply visit the website, complete a few simple questions, and look over the insurance choices available. It’s easy, quick, and could save you a lot of money. That’s all it takes!
Slash Your Auto Service Bill
Saving money on auto maintenance as a senior can have a big impact, especially as expenses increase. Look for senior discounts before having your car serviced or repaired. These can help you save money on routine maintenance, new tires, and oil changes. Many auto repair shops give senior citizens exclusive discounts.
For instance, AARP members are eligible for a discount at participating Jiffy Lube locations. While Pep Boys offers customers 60 years of age and older a 10% discount at select locations, Midas offers a 10% discount on labor and services. Seniors are also supported by STS Tires & Auto Centers, which offers anyone 55 and older a 5% discount on tires, services, and accessories. By taking advantage of these offers, you can keep your car in good condition and make more money.
Take Advantage of Health Discounts
From common medications to essential wellness products, older Americans usually overspend on their medical needs. These costs can quickly mount up, putting many people in a difficult financial situation. Thankfully, there are a number of programs that can help seniors manage their finances more effectively.
Rite Aid’s Wellness 65+ Program, for instance, offers a free consultation with a pharmacist and a 20% discount on purchases on the first Wednesday of every month. Seniors aged 55 and over can receive 20% off in-store and online purchases with Walgreens’ free myWalgreens membership. Seniors can also save money on prescription drugs with the RxFreeCard, and Atera Spas provides discounted prices on products made just for senior citizens. Members can also save an average of 61% on FDA-approved medications that are not covered by insurance through AARP Prescription Savings.
Reduce Travel Costs
If you enjoy frequently vacationing or visiting family, it’s always a good idea to look into travel discounts for seniors. Travelers aged 55 and up can frequently receive unique benefits and savings from various travel providers.
American Airlines, for instance, provides a range of senior discounts on specific flights; however, you should reach out to them to discuss specifics. Seniors can save anywhere from 10% to 15% on Alaska Airlines, depending on the time of year, and 10% to 15% on Amtrak in most destinations. For travelers over 65, Southwest Airlines offers discounted Senior Fares that can be reserved online or by contacting customer service. Simply select the “Over 65” option when making your reservation to take advantage of United Airlines’ special pricing for passengers over 65. Customers 50 and older can receive a 20% discount through Hertz’s Fifty Plus Program, which also offers rewards like reward points and quicker service.
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Source: Walletjump
