The Bills You No Longer Owe After You Turn 65 (Most Never Claim Them)

Seniors Over 65: You May Be Legally Exempt from Paying These 5 Bills If you're 65 or older, you could be paying bills that federal, state, or local programs may reduce, cover, or even eliminate—yet millions of seniors never apply simply because they don't know these benefits exist. In this video, Thomas Merritt explains five of the biggest money-saving programs available to seniors in 2026, including property tax exemptions and freezes, Medicare Savings Programs that can pay your Medicare Part B premium, federal tax deductions for older adults, the Extra Help prescription drug program, and the Lifeline phone and internet benefit. You'll also learn the common mistake that causes many retirees to keep paying these expenses year after year—even when they may qualify for assistance. Whether you're retired, collecting Social Security, enrolled in Medicare, or helping a parent or loved one manage their finances, this guide explains these programs in simple, easy-to-understand language. CHAPTERS 00:00 Introduction – 5 Bills Seniors May Not Have to Pay 01:32 Property Tax Exemptions & Senior Tax Freeze 05:08 Medicare Savings Programs (Part B Premium Help) 09:18 Federal Tax Deductions for Seniors 13:08 Extra Help for Prescription Drug Costs 16:28 Lifeline Phone & Internet Benefit 19:12 The #1 Mistake That Costs Seniors Money 20:35 Final Action Checklist 📌 WHAT YOU'LL LEARN ✅ Senior property tax exemptions and tax freeze programs ✅ How Medicare Savings Programs can pay your Medicare Part B premium ✅ Federal tax deductions available to adults age 65 and older ✅ Extra Help (Low-Income Subsidy) for Medicare prescription drug costs ✅ Lifeline discounts for phone and internet service ✅ Income and eligibility requirements to be aware of ✅ How to determine which benefits you may qualify for ✅ Common mistakes that prevent seniors from receiving available assistance Helpful Resources • Senior Property Tax Exemption or Tax Freeze — Search your county assessor's website for "Senior Property Tax Exemption" or "Senior Property Tax Freeze." • Medicare Savings Programs (Medicare Part B Premium Assistance) https://www.medicare.gov/basics/costs/help... • Extra Help (Low-Income Subsidy) https://www.ssa.gov/medicare/part-d-extra-... • Lifeline Phone & Internet Benefit https://www.lifelinesupport.org • IRS Tax Counseling for the Elderly (TCE) & VITA https://www.irs.gov/individuals/free-tax-r... My name is Thomas Merritt, and I create educational videos that help seniors understand Social Security, Medicare, retirement benefits, senior tax deductions, government assistance programs, and retirement finances so you can make informed financial decisions with confidence. ⚠️ Disclaimer: This video is for educational purposes only and should not be considered legal, financial, or tax advice. Eligibility varies by state, county, income, and personal circumstances. Always verify your eligibility with the appropriate government agency or consult a qualified professional before making financial decisions. 🔔 Subscribe for weekly updates on Social Security, Medicare, retirement planning, senior tax benefits, and government programs. 📤 Share this video with a friend, family member, or neighbor over 65—they may qualify for benefits they never knew existed. 👇 Question: Which of these five programs have you already applied for—or which one surprised you the most? #SeniorFinance #LegallyExempt #Medicare #PropertyTax #Retirement