If you have a tight budget or are living on a fixed income, every cent counts. Here are some helpful savings tips to consider.
-Look at your current expenses for health insurance, prescription drug insurance, life insurance, etc. Are you receiving the most cost-effective plan and are all of the plans still relevant. Consult with a trusted information source before terminating plans. When assessing your prescription drug plans, consider reaching out to your local State Health Insurance Assistance Program (SHIP), where you can get free information about Medicare, including apply for and selecting plans. http://www.medicare.gov/contacts/default.aspx?AspxAutoDetectCookieSupport=1
-See if you qualify for Medicare’s Extra Help and local prescription drug assistance programs. These programs can help you cut the cost for your medicine. http://www.mymedicarematters.org/PrescriptionDrugs/ExtraHelp/extra_help_paying.php
-See if you qualify for a free cell phone. Many states offer free cell phone plans to individuals over a certain age. Consider switching from a land line to a free mobile phone. Lifeline also offers a discount on local phone services for qualified individuals. Each state has its own rules. http://www.lifelinesupport.org/li/
-Earn some extra money by volunteering or doing community services. Senior Corps and the Senior Community Service Employment Program (SCSEP) provide paid stipends for service.
-Look for senior discounts. Many retailers offer discounts to older customers on certain days of the week. Consider making all your purchases on that day, so you can receive an additional discount.
-Find out what other public benefits you may be eligible for by getting a free online screening through NCOA’s BenefitsCheckUp® service. Or find help in your area by visiting Eldercare Locator, a service of the U.S. Department of Health & Human Services.