Do you qualify for Extra Help with your MEDICARE? - Independent Insurance Consultants | Medicare and Life Insurance | Independent Insurance Consultants | Medicare and Life Insurance

Do you qualify for Extra Help with your MEDICARE?

If you think you may qualify or would like to find out if you qualify for Extra Help, please let us help you. It can be very stressful worrying about prescription copay’s and deductibles. If you qualify for Medicare Extra Help, you may receive help with monthly premiums, annual deductibles, and your prescription drug copay’s.

Savings if you qualify for Medicare Extra Help:

In 2016, costs are no more than $2.95 for each generic/$7.40 for each brand-name covered drug.

Other people pay only a portion of their Medicare drug plan premiums and deductibles based on their income level.

In 2016, you may qualify if you have up to $17,820 in yearly income ($24,030 for a married couple) and up to $13,640 in resources ($27,250 for a married couple).

Resources that count:

  • Money in a checking or savings account
  • Stocks
  • Bonds

Resources that don’t count:

  • Your home
  • One car
  • Burial plot
  • Up to $1,500 for burial expenses if you have put that money aside
  • Furniture
  • Other household and personal items

You can call Social Security directly at 1-800-772-1213 or also apply at www.socialsecurity.gov/extrahelp.