Most people dread the thought of getting older, but there are some special privileges that come with senior citizenship to look forward to. Thankfully, society acknowledges the contributions of its elder members through various benefits and discounts. This article explores 19 of the ways senior citizens are celebrated and supported.
Educational Opportunities
We’re never too old to learn something new, which is why seniors often have access to educational assistance through scholarships, grants, and financial aid for post-secondary and vocational training. Eligible seniors can receive aid for books, learning materials, and sometimes even tuition fees!
Transportation Discounts
In most places throughout the United States, seniors enjoy a discount on public transportation during off-peak hours. Older adults can even get discounts on some domestic flights by presenting their ID during booking and check-in. If there’s one thing that gets easier the older you get, it’s travel!
Medicare Benefits
Seniors aged 65 and older get access to Medicare Part A and B, covering hospital visits and medical care. They may even be eligible for Medicare Part D, which covers prescription drug costs. As told by Senior Services of America, Medicare Savings Programs also help those who have limited resources and incomes.
Utility Discounts
Some lucky senior citizens also receive discounts on their monthly utility bills for gas, water, sewage, and electricity. All they have to do to get the discount is find a company that offers the discount and register the utility account under their own name, though it generally only applies if consumption remains within specific limits.
Discounts on Goods and Services
Depending on where you’re based, there may be a senior discount on applicable goods and services, including essential medical supplies and dining out, when senior citizens present a valid ID. This helps seniors maintain a manageable cost of living, which is more essential than ever these days!
Social Security Benefits
Upon reaching the age of 62, seniors are able to get retirement income from Social Security, though the availability of full benefits really depends on their birth year. Those who delay retirement beyond the full retirement age may end up with even better benefits!
Reverse Mortgage Opportunities
“If you’re a homeowner aged 62 or older, a reverse mortgage can help you obtain tax-free income,” as per Bankrate. It enables seniors to convert their home equity into cash without the need to repay it, as long as they keep living in the home.
Entertainment Discounts
Retirement can get boring very quickly, but luckily for seniors, lots of places offer them discounts, such as restaurants, retail stores, and entertainment venues like movie theaters. There are often special rates like early bird specials and discounts at national parks and museums, too.
Tax Deductions and Credits
Seniors are able to claim a higher standard deduction on their taxes compared to younger individuals. Certain older individuals are also eligible for special tax deferrals on property taxes and school taxes if they meet the required age and income criteria.
Housing Benefits
Various federal and state programs provide subsidized housing options to low-income seniors. There are also programs that offer affordable rental homes or help with public housing, along with discounts or special terms on continuing care retirement communities and assisted living facilities.
Legal Assistance Programs
Seniors who find themselves in a legal mix-up or facing trouble can often benefit from free or reduced-cost legal services. According to ACL, “Legal assistance programs are funded by the OAA and are available in every state, through contracts with Area Agencies on Aging.”
Retirement Account Advantages
There are increased contribution limits for 401(k)s and IRAs for individuals aged 50 and above, known as “catch-up” contributions. As an added bonus, there are no penalties on IRA withdrawals for individuals aged 59½ and older, meaning they get easier access to their retirement funds.
Fitness Benefits
The desire to keep fit and healthy doesn’t end at a certain age, so it’s great that most places offer discounts on gym memberships and wellness programs for seniors. There’s even a wide availability of fitness classes and activities specifically designed for seniors to maintain their physical health and mobility.
Health and Wellness Programs
In a similar attempt to help seniors, programs like preventive health screenings and vaccinations are often available at no or reduced cost. Wellness programs aimed at improving the overall health of senior citizens are also often offered at a discount, as are mental health services tailored to the challenges faced by the elderly.
Nutrition Assistance Programs
The USDA shares several programs aimed at helping seniors with their nutrition, such as the Supplemental Nutrition Assistance Program (SNAP) and the Senior Farmers’ Market Nutrition Program (SFMNP). Certain stores also offer discounts and vouchers for purchasing fresh produce and groceries.
Free or Discounted Cultural Access
Seniors looking for a fun day out can enjoy free or discounted admission to museums, national parks, and cultural events for seniors all over the country. There are also special senior days or hours at most cultural institutions, providing a more accessible experience to the elderly.
Travel and Leisure Discounts
Another privilege only seniors get to enjoy is leisure travel discounts, such as hotel bookings, car rentals, and package tours. Older adults may also get to experience reduced pricing and special offers on cruises and group travel experiences. We call that a win!
Community and Social Engagement
There are many senior centers dotted around the United States that offer social, recreational, and educational programs tailored to older adults. At these centers, seniors may be able to find volunteer opportunities designed to keep them engaged and connected to their communities, along with special events, workshops, and classes that encourage social interaction.
Discounted Technology
Many technology companies offer discounts on services and products for seniors, such as cheaper cell phone plans or discounted internet services. Some even provide programs and workshops to help seniors with affordable and accessible technology education, which keeps them connected and informed.