12 Benefits & Special Programs Most People Don't Know About
By Robert Wilson | LearnSaving
A surprising number of Americans have never claimed these benefits and special programs. Most are missing out simply because they don’t know about them. Here's a list of the top benefits and money-saving strategies available in 2021.
You could put an extra $5,000 or even $10,000 back into your pocket in 2021 by using the strategies listed below. Claim right away before they expire (some could be expiring as early as this %current_month%)
1. Collecting Social Security? Boost Your Benefits by $900 a Month
You could increase your Social Security benefits by $900 a month by taking advantage of a do-over strategy. A little-known tax law allows you to halt your current benefits, pay back all you collected interest-free, and restart your benefits at a new, much higher rate based on your current age.
Here’s how it works: Let’s say you qualify for full benefits of $1,600 a month at your normal retirement age of 66, but you decide to begin collecting your benefits at 62. Your retirement benefits will be reduced by 25% for the rest of your life — to $1,200 a month, in this example — because you’ll be collecting a smaller benefit for a longer period of time. On the other hand, if you delay collecting benefits, you will receive an 8% credit for every year beyond your normal retirement age until you reach 70, when your maximum benefit will be 132% of what you would have received at age 66. In this example, you would receive about $2,100 a month at 70 — a $900 difference. Be sure to crunch the numbers and speak with a qualified advisor to make sure this is the right decision for you.
2. Are You a Homeowner? Get Up To $3,708/Year Thanks To This New Mortgage Relief Program
Often called as 'the largest benefit program for homeowners' in 2021, this one thing could put thousands of dollars in your pocket every year.
Anyone with a mortgage can apply to use this New Mortgage Relief Program to get up to $3,708/Year ($309/Month) deducted from their mortgage payments starting as soon as this %current_month%.
This relief program may not last, lenders have been lobbying to end it, as thousands of clever homeowners have already taken advantage. The good news is, as long as you claim before it expires, you're locked in and keep your $3,708 deductionevery year.
Homeowners with good credit could even be entitled to more, check how much you can get back with this free online survey.
3. Get up to $250,000 In Life Insurance For Just $15/mo
If you have any family, life insurance is a must. Most people don’t have savings large enough for their family to pay off their mortgage, cover living expenses, and pay for final expenses — never mind ensuring your loved ones don’t inherit your debts.
Life insurance companies know all of this and the bigger the policy, the more they profit. They’ve been getting away with charging high rates for years – but that’s all coming to an end.
Fortunately, there is now a way to get a rock solid, yet very inexpensive life insurance policy from top providers. Thanks to this amazing website it’s easy to see and compare plans, regardless of age or medical history. The best part is it’s totally free to get a quote!
Even if you already have a policy, it can find comparable plans at a much much lower price. You could easily end up saving up to 70% on term life insurance!
Social Security can be a big part of your retirement income, so it helps to know if the federal government calculated your benefits correctly. Do not make the mistake of assuming that your Social Security is accurate. Sometimes errors occur, either by missing earnings years or a miscalculation. You will get a statement every year, and it is smart to check it for mistakes.
Your monthly Social Security retirement benefit is based on your highest 35 years of earnings, so make sure your income is correctly reported on the statement. Even one year wrongly reported could really make a difference to your payments. So check your old tax returns to figure out your 35 highest-earning years, and make sure you get every dollar owed to you.
5. $0 Electric Bills? Federal Program Pays Homeowners To Go Solar
Did you know that some people are totally eliminating their power bills in 2021? Americans are taking advantage of a little-known government program which is paying them thousands to switch to solar. You are thinking what's the catch? The catch is that only some zip codes qualify for this program.
The program provides subsidies and rebates that can cover most of the costs associated with installing solar panels. In fact, the average tax break gives back over $5,000 for installing solar panels.
But the benefits don't end there. Once homeowners go solar, their energy bill is drastically reduced — often to $0 or close to it. It can save you thousands of dollars in the long run. You can bet the energy companies are not too thrilled about that.
6. Get A Huge Discount On Your Car Insurance (Save Over $600/year)
Did you know that depending on your age, driving record and other factors you could get a huge discount on car insurance?
If you’re paying over $50/month for car insurance, there’s a good chance you’re paying more than you need to. It’s quite common for this to occur, as most seniors simply keep their same old policy in place… and those rates can creep up over time without really noticing.
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7. Get a Discount on Groceries & Dining Out
Albertsons: On the first Wednesday of every month, you may take 10% off your purchase (55+)
Kohl’s: 15% off on Wednesdays (60+)
Walgreens - up to 30% off every Tuesday (55+) with their Balance Rewards program
Walmart: Walmart offers very few discounts to seniors. Some locations can offer reduced costs to seniors some days each week.
Fred Meyer Senior Discount: 10% – 15%, depending on department, first Tuesday of each month for customers 55 or older.
McDonald’s: discounts on coffee and beverages (55+)
Subway: 10% off (60+) varies by location
Chilli's: 10% off (55+)
8. Homeowners Can Get up to $1,550 Back On Their Home Insurance
A new special program is helping thousands of savvy homeowners get up to $1,550/year back on their home insurance. Has your insurance provider told you about this?
The truth is that everyone needs homeowners insurance, and the insurance companies know that. But how often do you actually get to use your insurance? Most probably not enough to make up for the cost year after year. Home insurance should not be expensive.
Here’s something most people don’t know about home insurance: Homeowners insurance is actually inexpensive, but most people are paying way too much. In fact, most homeowners can now get an average $1,550 taken off their annual bill for the same or even better coverage than they have now at a much lower rate by using this popular website.
9. Never Pay For Costly Home Repairs Out-of-Pocket Again
Unexpected home repairs can be catastrophic to the finances of most seniors who are on a fixed monthly budget. Your home insurance will not cover your refrigerator, stove or washing machine breaking down unexpectedly. Same goes for your heater in the winter or AC unit in the summer, if it breaks, you have to pay the heavy repair bill.
The good news is that there is now a new Home Warranty Program available for seniors that can help protect you from unexpected home repair bills & save you thousands on repairs. Appliances, AC’s, heaters, roofing repairs, etc. – they are all covered under the program. If they cannot fix it, they will replace it, its simple + saving seniors thousands.Click Here To Learn More
10. Enjoy These Discounts When Eating Out
Arby's - 55 and up get a 10% discount or a free drink
Applebee's - 60 and up get 10% to 15% off at participating locations.
McDonald’s: discounts on coffee and beverages (55+)
Whataburger: free drink with purchase of a meal, depending on location (55+)
Wendy’s: give free coffee or other discounts depending on location
Denny’s: offers a 55+ menu with smaller portions, and better prices
IHOP – 10% discount (55+) and a menu for people aged 55 and over at participating locations
Subway: 10% off (60+) varies by location
Papa John’s Senior Discount: check with your local stores (no standard senior discount policy)
KFC: free small drink with any meal depending on location (55+)
Burger King: 10% discount on purchase depending on location (60+)
11. New Policy Could Reduce Your Mortgage Payments By $309/Month (But You Have To Claim It)
Still unknown to many homeowners is a brilliant Government sponsored program called the High LTV Refinance Option (HiRO) that could benefit millions of Americans and reduce their payments by as much as $309 per month! You could bet the banks aren't too thrilled about losing all that profit and might secretly hope homeowners don't find out before the rules change.
So while the banks happily wait for this program to end, experts are making a nationwide push and urging homeowners to take advantage. This program is currently active as of 2021, but the rules could change soon. But the good news is that once you're in, you're in. If lowering your payments, paying off your mortgage faster, and even taking some cash out would help you, it's vital you act now and see if you could qualify for HiRO or a better rate in today's marketplace.
URGENT: So many homeowners could still benefit today, but sadly, many perceive HiRO to be too good to be true. Remember, HiRO is a free program and there's absolutely NO COST to see if you qualify. See if you qualify now to reduce your monthly payments >>
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12. Homeowners Are Using This New “Roof Replacement” Service To Get a New Roof
Homeowners should never have to pay full price for roof repairs again. In the past roofing work could cost a fortune. Worse yet, a bad roof can lead to tremendous damage, mold, animal infestation and other expensive situations that could be avoided with proper home maintenance.
No doubt replacing a home’s roof is an easy thing to put off “until next season,” especially since traditionally the cost could come with quite the price tag.
But thanks to this brilliant new website, it no longer has to cost homeowners an arm and a leg to get the roof replaced or repaired. In fact, homeowners that use the site will never have to pay full price for roof repairs again.
Now homeowners can get their roof replaced while saving thousands of dollars in the process by taking advantage of all special discounts, rebates and incentives available in their area.
Remember: these special programs can easily save you $1000’s of dollars every year. Claim them before some of them expire this %current_month% and start saving right away!
If you found this list helpful, please share it with your friends and people who you think this would help.
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Bonus: Get a Discount When You Shop
Banana Republic: 10% off (62+)
Clarks: 10% off (62+)
Kohl's: 15% off (60+) on Wednesdays, in store only.
Michael's: 10% off your entire purchase every day (55+).
Ross Stores: 10% off every Tuesday (55+)
Target: Limited access to senior discounts is available at Target. However, some locations may offer discounts on specific days for various events.
Walgreens: “Seniors Day” once a month, varying by location. Discounts are available for Balance Rewards card members (55+). Discounts include 20% off in store or 10% off online.
Walmart Pharmacy Services: The company offers low-cost generic prescription medications, $4 refills for generics, branded drugs, and even pet medications. Check Walmart drug list to see how much you can save on your medications.
Stay More Connected To Your Family With This FREE Family App
Do you want to feel more connected to your kids and grandkids and get updates and pictures on what is happening in their daily lives?
Or maybe you don't feel like sharing private moments of your life on Facebook for the rest of the world to see?
This new app allows you to create a private circle of just your close family and friends and share, comment and like each others pictures and videos.
Whenever you are posting a new picture to the Family Circle App you know that only the people who will see it are the people you keep close to your heart. So you are much more free to share more private moments from your life than you would on Facebook. If you have grandkids you can ask your children to upload a new picture of them each day. It's never a dull moment when you see a new photo of your lovely kids or grandkids.
The way it works is you download the app from Apple or Google app store to your phone, then sign-up for a free account and create your family circle. Once you do, you can invite your family members to join your circle. When inviting your family members make sure to use their correct email addresses so it would be easier for them to join your family circle. Once you do, everyone in your family circle can share, comment and like each other pictures. You can even send voice and text messages to your family members inside the app for free!
Family Circle App does not sell your personal information to advertisers unlike Facebook. It cares about your privacy and is free to use. You can download it for free from the Google and Apple app stores. Simply enter "Family Circle App" in the your app store's search bar or click one of the links below:
