Financial Aid for Medicare
Part D Extra Help
This can help pay for the Part D monthly fee and the cost of prescriptions. In 2016, you may be able to pay as little as $2.95 for generic drugs and $7.40 for brand-name drugs that are covered by the program. These prices change each year.
To qualify, your yearly income for 2016 must be less than $17,820 for one adult or $24,030 for a couple.
Your assets, which include savings, stocks, or bonds, must be less than $13,640 if you're only getting coverage for yourself, and less than $27,250 for a couple.
If you qualify for any of the Medicare savings programs, receive Supplemental Security Income (SSI) benefits, or qualify for Medicaid you automatically qualify for the Part D Extra Help program. You may get a colored notice from Medicare if you qualify for Extra Help. A purple notice means you automatically qualify for Extra Help. A yellow or green notice means you are automatically enrolled in Extra Help, and an orange notice means that your copayment amounts will change next year. If you get a notice on grey paper, it means you no longer automatically qualify for Extra Help and you need to apply to find out if you can still enroll.
You can apply online at the Social Security web site. Or you can call Social Security at 800-772-1213 or go to your local Social Security office. You also can apply by contacting your local department of human services or state Medical Assistance or Medicaid Office. You can find contact information for your State Medical Assistance Office at Medicare.gov.
You may have to wait up to 4 months to find out if you qualify. If you do, you'll get a letter saying so. Then, you may get money back for any premiums you paid while you waited.