Find Out if You Qualify for a Low Income Subsidy
Are you struggling to pay for prescriptions or medical costs? Well, you may qualify for a federal benefit known as Low Income Subsidy (LIS) or Extra HelpA Medicare program to help people with limited income and resources pay Medicare prescription drug program costs, like premiums, deductibles, and coinsurance.. Individuals and married couples may qualify based on the income and asset requirements listed below: In 2018, you may qualify if you have up to $18,210 in yearly income ($24,690 for a married couple) and up to $14,100 in resources ($28,150 for a married couple). Countable Resources:
- Money in checking & savings accounts
- Your home
- Personal belongings
- One car
- Burial Plot
Where to Apply for Extra HelpBased on the above information, and you believe you may qualify for additional benefits you can begin the application process here. If you do not qualify currently, remember that you can apply at any time if your circumstances change.
Some People Automatically Qualify for Extra Help
You automatically qualify for Extra Help if you have Medicare and meet any of these conditions:
- Have full MedicaidA joint federal and state program that helps with medical costs for some people with limited income and resources. Medicaid programs vary from state to state, but most health care costs are covered if you qualify for both Medicare and Medicaid. coverage.
- Get help from your state Medicaid program paying your Part B premiums (from a Medicare Savings Program)