What do I do if I cannot afford my Medicare premiums?

Question

Andrew Zurbuch, MBA · Accepted Answer

You can inquire on a reduction to your Medicare Part B premium by calling Medicare at 1800MEDICARE. When you call Medicare please note the date of the call & the Medicare representative's name. If you call Medicare back, you will most likely not get the same representative on that call. 
You can also apply for Medicaid in your State of residence. Please call your State's Medicaid Office. Thank you.

Michael Andrews · Answer

This answer is provided in a video format. Watch the agent's video response here: https://medicareagentshub.com/questions/what-do-i-do-if-i-cannot-afford-my-medicare-premiums#michael-andrews

Fred Manas · Answer

If you're struggling to afford your Medicare premiums, you can explore several options for financial assistance.
State and federal programs, like Medicare Savings Programs and Medicaid, can help cover premiums and other medical costs. 
Also, you can consider programs like Extra Help, which provides financial assistance with Medicare Part D prescription drug costs.

Jerry Cohen · Answer

Medicare offers at least two ways to reduce costs for benificiaries. The Kow Income Su 
bsidy reduces costs on prescription medications and the costs of drug plan premium.A second form of assistance comes in a program called a Medicare Savings Plan which lowers deductibles, co pays, and premiums for beneficiaries.

Natalee Nimmo · Answer

I would recommend that you seek assistance from Medicaid. They have different programs that allow you higher income than normal Medicaid but will pay the Medicare Part B premiums for you. That program is called QI (qualified individual) program in SC.

Answered by Natalee Nimmo on April 28, 2025

Broker Licensed in SC, FL, GA & KY, MO, NC & TX

Answered by Natalee Nimmo Medicare Insurance Agent

Eizel Mere · Answer

There are plans that have Givebacks to help with the Part B premium. It depends on what plans your doctor takes and whats prescriptions you take. Also Medicaid could be an option if yoir income is below the guidelines. Feel free to contact me for more information.

Answered by Eizel Mere on April 28, 2025

Broker Licensed in FL

Answered by Eizel Mere Medicare Insurance Agent

Brianna Douros · Answer

I would advise to apply for Mediciad. Medicaid is income based and aid through your state. If approved, Mediciad may help pay for parts or all of your medicare premium. If you are outside of the income bracket of medicaid, I would advise you to at least apply for extra help through Medicare. You can do so by going to ssa.gov.

Answered by Brianna Douros on April 28, 2025

Broker Licensed in VA, CO & TX

Answered by Brianna Douros Medicare Insurance Agent

Jami Mead · Answer

If you cannot afford your Medicare Premiums you can apply for senior Medicaid through your local Job and Family Services. If you are over income and do not qualify for that program, there are several Medicare Advantage Plans that offer a Giveback Program and will pay back a portion of the Medicare Part B Premiums you pay.

Answered by Jami Mead on April 28, 2025

Broker Licensed in OH, FL, GA & 11 other states

Answered by Jami Mead Medicare Insurance Agent

Justin Hundley · Answer

If you are struggling to afford your Medicare premiums then there are a few different programs that you could look into such as Medicaid, Medicare Savings Programs, or Extra Help (low income subsidy). 

A licensed Medicare agent can assist you in navigating your options and how to find out if you qualify for assistance with your Medicare premiums.

What do I do if I cannot afford my Medicare premiums?

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What do I do if I cannot afford my Medicare premiums?

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