Health benefits in retirement

As we get older, some of our outgoings naturally reduce. But, over time, they’ll be replaced by other expenses, ones linked to older age and the inevitable decline in health that comes with it. Fortunately, there are some health benefits you can get to offset some of these expenses.

What kind of health-related benefits could I get?

Many people have to live off a set income in retirement. So it’s good to know there’s help available with certain health related costs. These include:

  • Free prescriptions (once you turn 60)
  • Free eye tests (once you turn 60)
  • A voucher towards the cost of glasses or contact lenses (If you get Guarantee Credit)
  • Help with travel costs to receive NHS treatment (If you get Guarantee Credit)
  • Help with costs for NHS wigs and fabric supports (If you get Guarantee Credit)

What is Guarantee Credit?

Guarantee Credit is one of the two parts that make up the income-related benefit, Pension Credit. The other is Savings Credit. You may be eligible for one or both.

For single people, Guarantee Credit tops up your weekly income if it’s below £177.10. For couples, this applies if your weekly income is below £270.30. Guarantee Credit tops up your weekly income to a guaranteed minimum level of £177.10 if you're single or £270.30 if you're a couple.

Savings Credit is an extra payment for people who saved some money towards their retirement, such as through a pension. You may not be eligible for Savings Credit if you reached State Pension age on or after 6 April 2016.

You can find out more about Pension Credit here. 

Are there any other discounts available?

If you're over 65 now then you also qualify for a free flu jab each year. While you’re at the surgery, it’s also worth asking your GP or nurse if there are any local discounts on health-related services available to you. The NHS website also offers general information about health-related benefits for older people.

Useful websites