If you are enrolled in Medicare and you have a low income, you can apply to the Medicare Part D Extra Help program. Extra Help is the name of a Medicare program that can help you pay for all or part of your premiums, all or part of your annual deductible, and lower the co-pays on your prescriptions. It is also called the Medicare Low Income Subsidy (LIS).
You can get a full subsidy, which pays for most of your costs. A partial subsidy pays for some of your costs. These subsidies are based on your income and resources.
You may qualify for the full Extra Help Program if your yearly income and resources are below these limits:
Single person: Income less than $19,320 and resources less than $14,790
Married person living with a spouse and no other dependents: Income less than $26,130 and resources less than $29,520
If you are below the limit for only one of the factors (income or resources), you can’t get full help, but you might be able to get some help. You should still apply.
Things that are not counted as resources include your home, car, household items, burial plots, money set aside to pre-pay burial expenses and burial space items up to $1,500 per person, or life insurance policies.
The income and resource guidelines change every year. The income numbers in this fact sheet are for 2021. New numbers come out in the spring of 2022. The best place to find the newest guidelines is on the web at www.medicare.gov or www.ssa.gov/medicare/prescriptionhelp/. Or call 1-800-MEDICARE.