Extra Help With Medicare Prescription Drug Plan 2016
Live is expensive. Especially with a chronic illness. Even if you are eligible for Medicare Prescription Drug Plan Costs, Extra Help program, the monthly cost of prescription coverage may not fit into your budget.
If you live on a limited income, you may be able to receive extra help to buy for the monthly premiums, annual deductibles, and co-payments related to the Medicare Prescription Drug program. Medicare beneficiaries may be able to qualify for Extra Help, Medicare Drug Plan.
The Medicare Prescription Drug Plan Costs, Extra Help is estimated to be worth about $4,000 per year. To be eligible for the Medicare Prescription Drug Plan Extra Help, a person must have limited income, limited resources, receive Medicare, and reside in one of the 50 States or the District of Columbia.
To receive the Medicare Prescription Drug Plan Costs, Extra Help you must be enrolled in a Medicare Prescription Drug plan and meet the Medicare Prescription Drug Plan requirements: Who Should Complete This Application For Extra Help With Medicare Prescription Drug Plan Costs?
- If you have Medicare Part A (Hospital Insurance) or Medicare Part B (Medical Insurance); and
- You should reside in one of the 50 States or the District of Columbia
- Your combined investments, savings, and real estate (not your home) may not be worth more than $27,250, if you are married and living with your spouse, or $13,640 if you are not currently married or not living with your spouse. You do not have to include the value of your home, vehicles, personal possessions, life insurance, burial plots, or back payments from SSI or Social Security.
If you have more assets than the amounts listed above you may not qualify for the extra help. However, you can still enroll in an approved Medicare prescription drug plan for coverage.
You should not complete the Extra Help With Prescription Drug Plan Costs if you receive Medicare and Supplemental Security Income (SSI) or Medicare and Medicaid. If you get funds from SSI or Medicaid, you are automatically receiving extra help.
Here is the link to the Extra Help With Prescription Drug Plan Costs.
Click on, My Story to read about my journey with a chronic illness.
This Best Government Resource list may help you.
Resources: A https://secure.ssa.gov/i1020/start