The Medicare low-income subsidy, also known as the Medicare Extra Help program, is a government program that helps pay for Medicare Part D prescription drug costs. It provides extra help to pay for the monthly premiums, annual deductibles, and co-payments related to Medicare Part D. If you have limited income, you may qualify for this program which can grant an estimated savings of $4,000 per year.
Am I eligible for the Medicare Extra Help program?
You may be eligible for the low-income subsidy available under Medicare Part D if the following apply:
How do I apply for the Extra Help?Many people are eligible for the Extra Help and do not realize it. Therefore, it does not hurt to fill out the application to see if you are eligible. To apply for the Medicare low-income subsidy, you must fill out the “Application for Extra Help with Medicare Prescription Drug Plan Costs” (SSA-1020) form with Social Security. You can apply and submit this form in the following ways:
After you submit your application for Medicare Extra Help, Social Security will review it and mail you a notification if you are eligible.