Get Extra Help for Medicare Part D and You Could Save Hundreds, Even Thousands, on Prescription Drugs
You may already know about Medicare prescription drug coverage under Medicare Part D. But did you know that in addition to Medicare Part D, Medicare also offers Extra Help paying for your prescription drug costs if you have limited income and limited resources? Extra Help can reduce or eliminate premiums, deductibles and co-payments, and provide coverage all year long for a Medicare prescription drug plan (with no donut hole.) You could save a lot of money, possibly even thousands of dollars.
You may qualify if you currently have Medicare and:
- You have an annual income less than $15,600 ($1,300 per month) for a single person or less than $21,000 ($1,750 per month) for a married couple living together, and…
- You have resources and assets (savings accounts and investments) that are less than $11,990 for a single person or $23,970 or less for a married couple living together. Assets such as the house you live in and your personal possessions do not count.
You can apply for this payment assistance for a Medicare prescription drug plan at any time through the AARP online community. But the sooner you do, the sooner you will find out if you are eligible for Extra Help. If you qualify, you still need to choose and sign up for a plan through Medicare Part D, but you will not have to pay a late enrollment penalty.
If you have a computer, it is really easy to apply online through AARP. Simply go to QuickLINK.
If you prefer to apply over the phone or request a paper application, call 1-800-772-1213. To apply in person, check the blue pages of your phone book for the Social Security office located near you.