I'm living solely on Social Security of $1,400 monthly and can't afford my Medicare premiums and copays. What assistance programs might help someone in my situation?
Answered by 6 licensed agents
Low-income subsidy by the state you live in or apply for state Medicaid at that income. You can apply for this online at SSA.gov under the Medicare tab dropdown that says Low-income part D extra help
Answered by Kyle Kokot on April 8, 2025
Broker Licensed in NC, AL, AR & 30 other states
We have several options we can explore. LIS, QMB, a Medicare Advantage part B give back. Lets provide a full look at your situation and see what fits best in your situation.
A person of this income level may qualify for Medicaid, which is a separate agency from Medicare, administered by individual States, for low-income folks. Apply through Department of Health and Human Services in your state. If you qualify for Medicaid, it can go along with your Medicare. This is referred to as dual-eligible (Medicare & Medicaid). Dual eligible individuals qualify for additional benefits. There is another program for low-income folks called Extra Help for Prescription Drug Costs. The income brackets for this program are slightly higher than those for Medicaid. Some folks qualify for Medicare, Medicaid and Extra Help for Prescription Drug Costs. If necessary, I'm able to guide folks in applying for Medicaid and/or Extra Help. Additionally, I offer benefit reviews at no charge, to see if I can offer you more benefits or lower premiums or both.
Answered by Daniel Greer on April 5, 2025
Agent Licensed in MI, FL, IN & 5 other states
Dependent on your state then you should be receiving help with your part D prescription drug coverage and possibly reach a subsidy level through the state to cover your part B premium.
Answered by Robert Simm on April 7, 2025
Broker Licensed in NC, AL, AR & 14 other states
Sure, the Extra help would be ideal to help pay copayments, coinsurance & premiums for low income people on fixed incomes. Simply type in Extra Help in the Medicare.gov search box & it will show you exactly how the program works & how you qualify!
Answered by Ross Landon on April 13, 2025
Agent Licensed in UT
You should apply through your state for something called Medicare Savings Programs. Based on your income and resources you might qualify for one of 4 different programs. For example. Someone making less than $1585 a month and has less than $9660 in resources might qualify for the Specified Low Income Medicare Beneficiary (SLMB) program which helps pay for Medicare Part B premium and also provides you with Extra Help which pays for your prescription drugs.
Answered by Darko Bozic on April 14, 2025
Broker Licensed in OH
Tags:
Advice for Seniors
Social Security
Agents: Share Your Expertise
Have insights or experiences related to this topic? Help others by sharing your knowledge and answering this question.
Add Your Answer
