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Also known as the Part D low-income subsidy (LIS), Extra Help is a federal program offered through the Social Security Administration (SSA). Individuals may be eligible for the Extra Help program if their monthly income is below $1,508 and their resources are below $13,820.
Can I get extra Medicare benefits?
Medicare beneficiaries can qualify for Extra Help paying for their monthly premiums, annual deductibles, and co-payments related to Medicare prescription drug coverage. We estimate the Extra Help is worth about $5,100 per year.
Does extra help work with Medicare Advantage plans?
The program, which is run by the Social Security Administration (SSA), reduces or eliminates the monthly premiums and annual deductibles. It also decreases the cost of your copays and coinsurance. You cannot use it with Medicare Advantage plans (Part C).
How much can you make on Social Security and still get extra help?
To qualify for Extra Help, your annual income must be limited to $20,385 for an individual or $27,465 for a married couple living together.
What does extra help from Social Security pay for?
If you qualify for certain MSPs, you automatically qualify to get Extra Help paying for Medicare prescription drug coverage. To learn more, read Get help with your Medicare costs (CMS Product No. 10126).
form ssa 1020
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You should apply for Extra Help if: Your yearly income is $19,140 or less for an individual or $25,860 or less for a married couple living together. Even if your yearly income is higher, you still may qualify if you or your spouse meet one of these conditions: \u2013 You support other family members who live with you.
What is Social Security extra help?
Extra Help is a federal program that helps pay for some to most of the out-of-pocket costs of Medicare prescription drug coverage. It is also known as the Part D Low-Income Subsidy (LIS).
How does Medicare Extra Help work?
Some people with higher incomes get partial Extra Help and pay reduced monthly premiums, deductibles, and copayments. If you qualify for partial Extra Help, you'll pay no more than 15% of the costs of drugs on your plan's formulary (drug list) until you reach the out-of-pocket limit.
How do you qualify for extra?
To be eligible for SCRA benefits, you must currently serve on active duty. Eligibility extends to members of the National Guard and Reserve members serving on active-duty orders for 30 days or more.
What does extra help mean in Medicare?
"Extra Help" is a Medicare program to help people with limited income and resources pay. Medicare drug coverage (Part D) Drug coverage (Part D) Extra coverage people with Medicare can choose to help lower costs of prescription drugs. Medicare-approved private plans offer this coverage.
lis application pdf
Extra Help with Medicare Prescription Drug Plan Costs | SSA
Apply for Extra Help — You can call us at 1-800-772-1213 (TTY 1-800-325-0778) to apply over the phone. You can also request a paper application, or ...
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