A Nationwide Increase in Funding Helps Seniors Make the Most out of Medicare

The Centers for Medicare and Medicaid recently announced a nationwide increase of almost $36 million in order to assist seniors in understanding Medicare.  The $35.8 million is only the beginning of a promised $50 million in funding this year and will be given to State Health Insurance Assistance Programs (SHIPs) throughout the country. 

The funding is intended to help SHIPs continue to provide Medicare recipients with vital information regarding their insurance plans and to help them make their way through the system.  Whether individuals need help understanding their benefits, making informed choices about prescription drug plans, or dealing with specific Medicare difficulties, SHIPs can provide guidance.  Seniors who are currently enrolled in Medicare or who are interested in enrolling, as well as their family members or caregivers, are able to utilize the programs.  

One of the specific goals of this year’s increase is to assist people in recognizing their eligibility for Medicare’s low-income-subsidy and then helping them apply for it.  The subsidy may help recipients pay their monthly premiums and provide them with extra help in affording a Medicare Prescription Drug plan. 

The SHIPs will likely be focusing on community-based outreach to individuals who might otherwise be unable to access this type of support.  Counselors with the program are usually available in person and via the telephone, as well as through other pubic programs.  The increase in funding will help seniors throughout America better understand their health care options and make the most out of their Medicare.