If you or someone you know can’t afford Medicare premiums, you might be able to get help if you can’t afford Medicare. There are several programs that can help pay for your premiums and other out-of-pocket expenses.
Medicaid is a joint federal and state program that helps pay medical bills for people with low income and limited resources. Eligibility for Medicaid depends on income level and family size.
Medicaid coverage differs from state to state. In all states, Medicaid pays for basic home health care and medical equipment. Medicaid may pay for homemaker, personal care, and other services that are not covered by Medicare. There are Medicaid programs that pay some or all of Medicare’s premiums and may also pay deductibles and coinsurance for certain people who qualify for Medicare and need financial assistance. Eligibility is based on several factors:
- Money in a checking, savings and/or certificate of deposit
- 401K
- Stocks, bonds or mutual funds
- Cash at home or anywhere else
If you have Medicare and you need help with Medicaid, let our licensed Medicare specialists help you. Call us at 866-MEDIGAP or 866-633-4427.
Extra Help or Low-Income Subsidy
If you have Medicare Part A and Part B and you are enrolled in a prescription drug plan, people with limited resources and income may qualify for Extra Help. The program helps pay for costs related to your Medicare prescription drug plan; monthly premiums, deductibles and copays. This could mean a huge savings for you. Eligibility is based on several factors:
- Money in a checking, savings and/or certificates of deposit
- 401K
- Stocks, bonds, or mutual funds
- Cash at home or anywhere else
Other Help for Prescriptions
Some states and counties do offer other programs. Here is a list of ideas to help you lower prescription drug costs.
- Some states have a State Pharmaceutical Program.
- Some drug manufactures offer discounts on their drugs.
- Ask your doctor for free samples
- Apply with a local charity
- Contact the Health Department in your county to see if they have any free medicine programs
Learn More: What Medications Are Covered Under Part B?
People Also Read: What is Extra Help?
