Medicare Extra Help
What is Extra Help with Medicare prescription
drug plan costs?
Anyone who has Medicare can get Medicare
prescription drug coverage.
Some people with limited resources
and income also may be able to get Extra Help to pay for the costs—monthly
premiums, annual deductibles, and prescription co-payments—related to a
Medicare prescription drug plan. The Extra Help is estimated to be worth about $4,000 per year. Many people qualify for these big savings
and don’t even know it.
To qualify for Extra Help:
- You must reside in one of the 50 states or the District of Columbia;
- Your resources must be limited to $13,300 for an individual or $26,580for a married couple living together. Resources include such things as bank accounts, stocks and bonds. Social Security does not count your home, car and any life insurance policy as resources; and
- Your annual income must be limited to $17,235 for an
individual or $23,265 for a married couple living together. Even if your annual
income is higher, you still may be able to get some help. Some examples where
your income may be higher are if you or your spouse:
- Support other family members who live with you;
- Have earnings from work; or
- Live in Alaska or Hawaii
