Medicare Extra Help with Prescription Drugs
What is Medicare Extra Help?
Eligible Medicare beneficiaries with limited income can receive “extra help” or assistance withprescription drug costs (about $4,000 annually) associated with their Medicare prescription drug planThis program, also known as the Low Income Subsidy (LIS), can reduceor eliminate the premium and deductible for Medicare prescription drug coverage, depending on the individual’seconomic qualifications.1
Qualifying for Medicare Prescription Drug Assistance
- Have Medicare Part A and/or Part B
- Must reside in the US
- Your resources must not exceed $13,820 if single or $27,600 if married
- Your annual income must not exceed $18,090 if single or $24,360 if married
You automatically qualify for the Extra Help program if you are enrolled in Medicaid or a Medicare Savings Program. You also qualifyif you receive Supplement Security Income (SSI) payments.
Determining Your Level of Extra Help
In order to see what assistance you’ll receive, you’ll need to send to your Medicare plan some form of documentation indicating you qualify forExtra Help.3 Examples include:
- A notice from Medicare or Social Security indicating you qualify.
- A letter from Social Security indicating you receive Supplemental Security Income.
- A document from your state that shows you have Medicaid and are getting home and community-based services.
- A copy of your Medicaid card or documentation from the state indicating you receive Medicaid.
Save on drug costs
In 2017, if you qualify for the full Extra help, you will pay no more than $3.30 for each generic/$8.25 for each brand-name covered drug.4