Help for People with Limited Incomes and Assets:
Those with limited income (money coming in on a regular basis , such as Social Security, SSI, pension checks, Veteran’s benefits, and employment wages) or assets (items you own, including property, vehicles, and investments) may qualify for either LIS/Extra Help or the Medicare Savings Program.
LIS/Extra Help:
LIS/Extra Help pays for prescription drugs if you have Medicare prescription drug coverage and meet certain income and asset requirements.
You may be eligible for low/no monthly premium, low/no deductible, and lower co-pays on your Medicare prescription plan and covered drugs. Also, there is no doughnut hole for people who qualify for LIS/Extra Help.
Eligibility Requirements for 2011:
- Single: Gross Income: $1,362.25 per month Assets:$12,640.00
- Couple: Gross Income: $1,838.75 per month Assets:$25,260.00
Medicare Savings Program:
The Medicare Savings Program provides assistance with the cost of Medicare health premiums. For most who qualify, that means a savings of $96.40 per month (the cost of your Medicare Part B premium).
Eligibility Requirements for 2011:
- Single: Gross Income: $1,246.00 per month Assets:$8,180.00
- Couple:Gross Income: $1,675.00 per month Assets:$13,020.00
