Understanding the True Value of an AARP Membership
For many, AARP (formerly the American Association of Retired Persons) is a well-known organization associated with aging and retirement. Its low annual membership fee makes it seem like a small investment, but the potential savings and benefits are what truly determine its value. The answer to the question, "Does AARP really save money?" isn't a simple yes or no; rather, it depends on your lifestyle, spending habits, and willingness to use the available perks.
The Cost vs. The Potential Savings
The annual membership fee for AARP is relatively low, especially with multi-year and auto-renewal discounts. For this minimal investment, members gain access to a wide range of benefits. The key to making the membership pay for itself is to actively use these benefits. Consider this: a single discount on a hotel stay or a car rental could recoup the annual fee instantly. Financial planners often point out that those who frequently use the travel or insurance discounts are the ones who see the most significant financial return.
Major Discounts That Drive Savings
AARP leverages its large member base to negotiate significant discounts with various companies. Here are some of the most impactful areas for saving money:
- Travel: Members can save on hotel stays at major chains like Best Western, Choice Hotels, and Wyndham. Car rentals with Avis and Budget also offer substantial discounts, sometimes up to 35%. For cruisers, there are often onboard credits available through the AARP Travel Center powered by Expedia.
- Insurance: Through partnerships with companies like The Hartford for auto insurance and UnitedHealthcare for Medicare plans, AARP members can access specialized and potentially lower rates. Discounts are also available for life and dental insurance plans.
- Dining and Groceries: Many national restaurant chains, such as Denny's and Outback Steakhouse, offer 10% to 15% off food and non-alcoholic beverages. AARP members can also save on a Walmart+ annual membership.
- Technology and Telecom: Discounts with cell phone providers like Consumer Cellular can add up to significant annual savings, especially for multi-line accounts.
- Health and Wellness: Beyond insurance, members receive discounts on vision and hearing care, including reduced prices on hearing aids. The AARP Prescription Discounts program can also help save on medication costs.
Non-Monetary Perks to Consider
While financial savings are a primary motivator, AARP offers numerous non-monetary benefits that add value to the membership. These include:
- Advocacy: AARP actively lobbies on behalf of its members on critical issues like Social Security, Medicare, and prescription drug costs. This advocacy work benefits all seniors, not just members.
- Information and Resources: Members receive subscriptions to AARP The Magazine and AARP Bulletin, which provide valuable information on health, finance, and lifestyle topics.
- Community and Entertainment: Access to free online games, virtual classes, movie screenings, and local events fosters a sense of community and provides engaging, free activities.
- Fraud Prevention: Resources dedicated to helping members avoid scams and financial fraud provide peace of mind.
Comparing AARP to Other Discount Options
Before committing to an AARP membership, it’s wise to compare its benefits against other available senior discounts or rewards programs. Companies like AAA also offer travel discounts, and many stores have dedicated senior discount days. However, AARP’s strength lies in its wide-ranging, cross-category partnerships.
AARP vs. Other Senior Discounts: A Comparison
| Feature | AARP Membership | Other Senior Discounts (e.g., from NCOA) |
|---|---|---|
| Membership Cost | Small annual fee ($12-$20, depending on term and renewal options) | None; tied to specific retailers or days |
| Availability | All-inclusive, year-round access to a broad catalog of discounts | Often limited to specific days (e.g., Tuesdays) or locations |
| Benefit Scope | Wide-ranging: travel, insurance, restaurants, tech, advocacy, publications | Typically limited to retail, dining, or groceries for the day of the discount |
| Age Requirement | Open to anyone over 18, though certain benefits target 50+ | Varies by retailer, often 55+, 60+, or 62+ |
| Primary Value | Consistent discounts across many categories plus non-monetary benefits | Opportunistic savings at specific stores |
How to Maximize Your Savings
To ensure your AARP membership provides real value, follow these tips:
- Get the App: The AARP Now app puts all benefits and discounts in the palm of your hand, making it easy to find nearby offers.
- Use the Free Second Membership: Add a spouse or household member for free to double your potential savings.
- Check Partner Offers Regularly: AARP frequently updates its list of partners and special deals. Checking the website or app ensures you don't miss out on new opportunities.
- Bundle Insurance: If you're shopping for new insurance policies, explore AARP-endorsed options from The Hartford or UnitedHealthcare. Bundling auto and home insurance can lead to significant savings.
- Utilize Travel Benefits: Before booking your next trip, check the AARP Travel Center powered by Expedia for special rates on hotels, rental cars, and cruises.
The Bottom Line
Does AARP really save money? The consensus is that it can, often saving you far more than the annual fee, but only if you actively engage with the program. For a small annual cost, it provides a comprehensive suite of benefits, resources, and advocacy. Those who consistently use the discounts on travel, insurance, or dining are the ones who will see the most financial reward. For others, the value might be more in the non-monetary benefits like the magazine and community resources. Evaluating your own spending habits and lifestyle is the best way to determine if an AARP membership is truly a money-saver for you.
