Thursday, October 6, 2011

Extra Help With Medicare Prescription Drug Plan Costs

prescription bottles
Are you aware that there is a program to help people with Medicare get extra help to pay for the monthly premiums, annual deductibles, and co-payments related to the Medicare Prescription Drug program?

The program is through the Social Security Administration Office. You can apply online or call(1-800-772-1213) for help in completing the application. You must be enrolled in a Medicare Drug Plan, live in one of the 50 state or District of Columbia and meet income guidelines.

Your combined savings, investments, and real estate are not worth more than $25,260, if you are married and living with your spouse, or $12,640 if you are not currently married or not living with your spouse. (DO NOT include the home you live in, vehicles, personal possessions, burial plots, irrevocable burial contracts or back payments from Social Security or SSI.)

If you have more than those amounts, you may not qualify for the extra help. However, you can still enroll in an approved Medicare prescription drug plan for coverage.

EXCEPTION: Even if you meet these conditions, DO NOT complete this application if you have Medicare and Supplemental Security Income (SSI) or Medicare and Medicaid because you automatically will get the extra help.

Here is the link to get more information and get started.

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