There are a variety of discounts for senior citizens, but many can’t avail these owing to a lack of awareness. When you drop in at restaurants, retailers, parks, or public transport, just ask if they offer a senior discount. In fact, there are companies that offer deals and discounts exclusively for seniors. In addition to that, there are government programs that help seniors save a lot of money. For instance, a lot of seniors were in for a surprise when they realized that they could save up to $6,100.00 dollars by availing discounts online and benefiting from lesser-known government programs. Here are five exclusive (and kind of hidden) discounts which you can avail as a senior citizen.
If you are a senior and own a house, you are can max out your savings each year by availing the government program named HARP or Home Affordable Refinance Plan. HARP was passed by the erstwhile president of the United States, Barrack Obama. This plan was introduced to help American middle-class senior citizens reduce their payments per month by around $4264 every year. The plan’s tenure has been extended till 2018 though it has been helping people in saving a ton on mortgage, making a lot of banks despise this program. Hence, don’t forget to take advantage of HARP and manage to save up to $4264 in a single year before the program is rolled back.
Merge All Your Debt Into One Simple Payment
Taking retirement can be a pretty formidable decision to take. However, jumping into retirement with existing unsecured debts can prove to be more daunting than you can expect. Consolidating the existing debts involves the process of amalgamating your unsecured debts into a single payment every month. This will allow you to rake in much lower payments on a month-to-month basis. In this scenario, there are a lot of firms that will ease out the process for you and make it painless. If you have around $10,000 in debt, a debt relief program for seniors can help you consolidate your loans and also diminish the amount of money that you owe.
Take Advantage of ADT Inc. Discounts
A house without a potent home security system is the most vulnerable type. By putting up a home alarm system can stop burglars from trespassing into your territory and help you in saving a good sum every year. Seniors must have a highly potent alarm system in their homes so they can receive medical help in case of an emergency or a life-threatening situation. Moreover, a residential alarm system helps homeowners grab a discount of 10 to 20% on their insurance. If you are on a lookout for discounted home alarm systems, avail ADT Inc. home security systems as you can grab a hefty discount if you just pay for installation.
Refrain From Paying For Covered Repairs
As a homeowner, you never know what’s coming your way. You might come across something that can scare the daylights out of you. Here is where a home warranty comes into play. Not only does it save you a hefty sum, but it also shields you in case of a breakdown of a covered appliance or system. You need to protect yourself when you face a breakdown that’s beyond repair. Companies such as CHW or Choice Home Warranty offer senior citizens and homeowners warranties on refrigerators, air conditioning, dishwashers, ovens, dryers, ovens, and several other systems and appliances.
Avail A Cheaper Auto Insurance Plan
According to a recent study, 5% of Americans who are above 55 shells out less than $50 every month on car insurance. However, if you are now paying over $50 in auto insurance premiums each month and hadn’t encountered an accident or received a ticket in the last two years, you are possibly eligible for a lower insurance rate. Your age and other factors are key determinants for your eligibility for this. The first thing you should do is to start comparing quotes from different auto insurers. All you need to do is fill out a form, and insurers will provide you with a variety of quotes you can opt for.
Seniors in the USA often miss out on the biggest offers and discounts from top brands just because they do not shop around and tend to stick to the brands they are familiar with. While five of the most exciting offers for seniors that have been listed here, you can actually avail many more offers if you just look them up online or simply ask the people in charge in any establishment or store.