The Cost of AARP Membership Explained
Contrary to a common misconception, AARP membership is not free; it requires an annual fee to access the full range of benefits. The standard annual rate is $20, but the organization often provides introductory offers and multi-year savings to reduce the cost. For example, by enrolling in an automatic renewal plan, you can secure a lower rate for your first year of membership. This payment provides access to a comprehensive suite of resources, discounts, and advocacy efforts aimed at helping people aged 50 and older, though membership is open to anyone 18 or older.
Membership Fee Breakdown
To better understand the cost structure, here is a breakdown of the common membership options:
- First-Year Rate with Automatic Renewal: A common introductory offer is $15 for the first year, which automatically renews at the standard annual rate thereafter.
- Standard One-Year Rate: The regular annual cost for a new or renewing membership is $20.
- Multi-Year Membership: For those committed to a longer term, AARP offers savings on multi-year plans. For instance, you could pay $55 for three years or $79 for five years, providing a slight discount on the annual rate.
How AARP Membership Pays for Itself
For many members, the annual fee is quickly offset by the savings and benefits they receive. A single discount on travel or a significant reduction in insurance premiums can often exceed the membership cost. The organization's strength lies in its large membership, which enables it to negotiate favorable deals and influence policy on behalf of its members.
Who Can Join AARP?
AARP's mission is focused on empowering Americans aged 50 and over, but the organization's membership is open to anyone 18 years or older. Many younger adults join to take advantage of the travel, dining, and retail discounts. It is important to note, however, that some benefits, particularly certain insurance products, are age-restricted and only available to members aged 50 and older. All full members also have the option to add another adult in their household to their membership for free.
AARP Membership vs. Free AARP Rewards
It's crucial to distinguish between a paid AARP membership and the free AARP Rewards program. Here is a quick comparison:
| Feature | Paid AARP Membership | Free AARP Rewards |
|---|---|---|
| Cost | Requires an annual fee | Free to join |
| Age Requirement | Open to anyone 18+ | No age requirement |
| Access to Benefits | Full access to all discounts, insurance options, publications, etc. | Limited access to earn points via online activities, which can be redeemed for smaller rewards. |
| Publications | Includes subscription to AARP The Magazine and AARP Bulletin | No publications included |
| Advocacy & Resources | Supports AARP's legislative and research efforts; full access to educational resources | Does not directly support advocacy; limited access to online resources |
Benefits Beyond Discounts
Beyond the well-known discounts on dining, travel, and retail, an AARP membership offers a wealth of other benefits that can be valuable for seniors and younger adults alike. These include resources for financial planning, career advice, and health and wellness. The organization also serves as a powerful advocate on key issues impacting older Americans, such as Social Security and Medicare.
For those who are tech-savvy, the AARP Now mobile app provides a convenient way to access a digital membership card, daily news, and events, making it easy to use benefits on the go. Members also gain access to exclusive content and online events, enriching their experience beyond just financial savings. The organization's commitment to fighting age discrimination and consumer fraud is another intangible benefit that supports the well-being of its members.
Is AARP Membership Worth It for You?
Whether or not a paid AARP membership is a good investment depends on your individual needs and lifestyle. If you frequently use their partners for travel, dining, or insurance, the savings could easily exceed the annual fee. However, if you don't anticipate using the discounts often, you might consider the value of their advocacy work, publications, and resources.
Weighing the Pros and Cons
-
Pros:
- Significant savings on travel, dining, and insurance.
- Powerful advocacy on behalf of older Americans.
- Includes a free secondary membership for another household member.
- Access to award-winning publications and exclusive content.
- Comprehensive online and offline resources for health, finance, and career.
-
Cons:
- Requires an annual fee, which is not suitable for everyone.
- Some insurance benefits have age restrictions for members under 50.
- Members receive a large amount of mail, though this can be managed.
Ultimately, a one-year trial at the discounted rate can help you evaluate if the benefits align with your needs. The membership is risk-free and can be canceled at any time.
