SENIORS

Apply for Extra Help

Receive monetary help to lower the costs of your prescription drugs.

What is Medicare Extra Help?

Are you struggling to pay for prescriptions or medical costs? Well, you may qualify for a federal benefit known as Medicare Extra Help. This program offers multiple benefits to its members:

  • lowers the cost of your prescription drugs
  • eliminates any Part D late enrollment penalty
  • and pays up to a benchmark amount toward your prescription drug plan premium

Depending on your income and assets, you may qualify for full or partial assistance. In order for you to receive assistance, your prescriptions must be on your plan’s formulary. Medicare Extra Help is not a replacement for Part D or a plan in of itself, it works to supplement your Part D plan.

Find Out if You Qualify

  1. If your monthly income is less than $1,615 in 2020 ($2,175 for couples), and your assets are below specified limits, you may be eligible for Extra Help.
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  3. If you are enrolled in Medicaid, Supplemental Security Income (SSI), or a Medicare Savings Program (MSP), you automatically qualify for Extra Help, regardless of whether you meet Extra Helps’ eligibility requirements.

Countable Resources:

  • Money in checking & savings accounts
  • Stocks
  • Bonds

Non-countable resources (source):

  • Your home
  • Personal belongings
  • One car
  • Burial Plot
  • Furniture

Fill Out the Application

Here is a link to the official Medicare Extra Help application for Medicare Extra Help on the Social Security Administration’s website. The Extra Help benefit is estimated to be worth about $5,000 per year. If you think you might qualify, go ahead an apply now.