As they say, with age comes wisdom—but it also comes with some sweet perks! Aging definitely has its benefits. There is a whole world of perks, discounts, benefits, and programs so you can snag cheaper tickets, save on dining and groceries, or tap into government programs. These may be welcoming savings for people who need to stretch their income throughout their retirement years. So let’s celebrate the art of aging and savings—with this guide to senior perks!
Government Property Tax Relief for Seniors
There are many states that have some sort of property tax program for seniors to help lighten the financial burden. These programs can be exemptions, credits or freezes. This can make a big difference for many who are seeing skyrocketing home values. Increased home values means increased tax bills! At the time of this article, 17 states exempt seniors from property taxes, 5 states offer tax freezes, and another 17 provide them with some sort of tax credits1. If your state does not offer anything, keep an eye on the news because several more are trying to pass similar initiatives.
Grocery Store Savings for Seniors
Groceries are a major expense, and access to affordable healthy food continues to be important as we age. There are many grocery stores that offer senior day discounts for groceries. The amount of discounts and items that can be purchased does vary by store. The day of the month and week that seniors can access these discounts may also vary. For example, Fry’s Food offers senior discounts for people 55+ on the first Wednesday of each month. Their discount is for 10% off most items in the store, including groceries, health and beauty, produce, meat, bakery, and even housewares, apparel, books and cards. As you can see, their discount includes a lot of items beyond just groceries that can help you save more.
On the other hand, Fred Meyer has a senior discount on the first Tuesday of each month. But their discounts are more limited on what you can purchase. Their discount includes private brand groceries and nutrition (i.e. Kroger, Fred Meyer, Simple Truth), as well as other apparel and home items. So not all brands of groceries. Unfortunately, as of this blog post, Walmart does not have a senior discount. Check with the stores in your area to see how and when you can save!
Are you low income? You may qualify for more help with groceries if you have Medicare and Medicaid. Speak with one of our agents to see if you qualify.
Dining & Retail Discounts for Seniors
If you are looking to dine out, then it’s good to plan your outings around restaurants that help you save. Like grocery stores, the discount can vary depending on the store, day of the week, and your age. Not all restaurants offer discounts. The larger chain restaurants tend to have senior discounts more often than others. Another saving tip around dining out is to join rewards programs of different restaurants. If you are a rewards member, then you get to earn points toward free meals AND some give you free items each year on your birthday. Einsteins, Starbucks, Applebee’s, Baja Fresh, and Chipotle, just to name a few. Always check ahead of time because some offers can vary by location as well.
If you need to do some shopping for clothes, home, or other item, then look for retail stores with discounts near you or online. Kohl’s currently offers 15% discount for people 60+ every Wednesday! Other retail stores with current senior discounts include Autozone, Goodwill, Ross, Walgreens, Michael’s, etc.
Entertainment Savings for Seniors
If you are looking to catch a movie, explore a museum, or visit one of our national parks then you could save here too. Many of these venues have lower priced tickets for seniors. Before planning your trip, check out your local theaters and museums to see who gives the best senior rates!
The National Park Service offers a Senior Lifetime Pass for $80 that can be used get into over 2,000 recreational sites throughout the United States. As the name suggests, it is a lifetime pass for a one-time fee. This is limited to US Citizens or permanent residents that are 62+.
AARP Savings for Most Things!
AARP does have an annual membership fee, but it has a large network of exclusive rewards and savings for dining, travel, insurance, and other items that go beyond the savings we already mentioned. It is a good one-stop shop to find discounts that are meant to help you save. Check out the AARP site to see if their discounts will make the annual fee worth it for you. The price is typically $20 per year, and includes a second household member for free.
Getting the most out of your retirement funds!
Finding ways to save can help you get the most out of your retirement dollars! The same is true for your Medicare plan. Medical and prescription drug costs can quickly become a burden. Finding a plan that fits your medical needs, covers you at the lowest costs, and minimizes your maximum out of pocket costs can help you save each year.
Our agents are here to help you save on healthcare costs and find the right plan for you. Meet your licensed agents and feel free to give us a call for free Medicare help.
