Do You Get Medicare Part D Extra Help?

Millions of people who use Medicare Part D assume that they are getting the best coverage possible and therefore make decisions that impact their health in such a manner.  Assuming that they have the best coverage that they can afford they make decisions to skip certain treatments to be able to save money.  These treatments that would be paid for by Medicare Part D could greatly impact their quality of life.

Many of these people don’t realize that they are eligible for help through a new Medicare Part D coverage known as “extra help”.  With this coverage Medicare is starting to change its opinion of what is income and resources and what is not.  After doing so you could be eligible to get more coverage.  It is assumed that this could help with up to around $3,900 per year in savings.

If you are a citizen of one of the 50 states or the District of Columbia you have passed the first test of being eligible.  If your resources are less than or equal to $12,510 for an individual or $25,010 for a married couple living together then you have passed the next portion of qualifications.  Resources are bank accounts, stocks and bonds and the like.  Resources are not things like your home and car.

Finally, your annual income must be less than or equal to $16,245 for an individual or $21,855 for a married couple living together.  Even if you earn more than this but support other family members, have earnings from work or live in Alaska or Hawaii you could still be eligible for support.