Extra Financial Help | |
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There is extra help for people with limited resource. | |
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The new Medicare benefit is big news for people with limited incomes. If you qualify, you can save a lot
more than the typical senior. In fact, if you are on a limited income, you may qualify for brand
prescription co-pays as low as $5! And if you have both Medicare and Medicaid, your prescription costs
will be even lower.
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There are different levels of assistance you can qualify for. They are based on your income, your assets
and if you have Medicaid as well as Medicare. As a general rule, however, you are eligible for extra help
if you are:*
- Single with a monthly income of less than $1,197 and assets under $10,000 or
- Married with a monthly income of less than $1,604 and assets under $20,000.
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Assets typically include savings and investments, but not your house, burial plot or personal possessions.
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Click here if you have Medicare and Medicaid (You will have received a letter from the government telling
you that you are qualified for extra help.)
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Click here if you have Medicare only, but you have received a letter from the government saying that you
qualify for extra help.
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Click here if you have not received a government letter saying that you qualify for extra help, but you still
think you may be eligible.
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*Asset and income limits may vary in Alaska and Hawaii.
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