Medicare Offers Help with Prescription Drug Costs
Well prescriptions can be very costly, but you might qualify for this program called Extra Help. This article gives you the information you need to see if you qualify.
If you have additional questions please don’t hesitate to contact my office at (909)792-3300. I will be happy to help anytime.
Have a blessed day!
Medicare Plan Specialist
Extra Help is a Medicare program that assists qualified beneficiaries with paying for their prescription drugs. You could get help paying your Part D premiums, deductibles and copays.
For most people who qualify, 2013 copays will be no more than:
- $2.65 for each covered generic drug
- $6.60 for each covered brand name drug
Other qualified individuals may pay only a portion of their 2013 Part D premiums and deductibles based on their income level.
Do You Qualify?
You need to meet certain income and resource limits to qualify for the Extra Help program. In 2013, you may qualify if you have up to $17,235 in yearly income ($23,265 for a married couple) and up to $13,300 in resources ($26,580 for a married couple).
Resources that count toward your total include:
- Money in checking, savings, IRA and investment accounts
Your primary residence, car, burial plot and up to $1,500 (per person) for burial expenses, life insurance policies, furniture and other household and personal items do not count.
You may automatically qualify for Extra Help if you have Medicare and meet any of these conditions:
- You have full Medicaid coverage.
- You get help from your state Medicaid program paying your Part B premiums (in a Medicare Savings Program).
- You get Supplemental Security Income (SSI) benefits.
Contact your Part D plan sponsor if you think you may qualify automatically. They can help you understand what information you need to provide in order to get started.
Even if you automatically qualify for Extra Help one year, you may not another year if your income or resources change. If you no longer automatically qualify in a given year, you’ll get a notification (on grey paper) by the end of September. You may still qualify for the program, but you’ll need to apply to find out.
–This information is provided by Medicare Made Clear
GeorgeLitchfield.com – If you or someone in your family is 65 or older and is in need of a Medicare Supplemental Plan or already has a plan, but wants to make sure that it is the right plan please give us a call (909)792-3300 or (888)891-5557 or go to our website GeorgeLitchfield.com and we will give you a quote and help you keep money in your pocket