Even with a Medicare Prescription Drug Plan (Part D), lower income seniors might find that the premiums, deductibles and co-pays for prescription drugs are too expensive to afford. Extra Help is a Medicare program that is designed to assist people with these drug costs, and it is estimated that it may save many people, on average, about $4,000 per year on prescriptions premiums, deductibles, and coinsurance.
In order to qualify for Extra Help (in 2015), you must meet the following criteria:
It is important to note that these amounts may change annually, so be sure to check the qualification factors each year.
Some people are automatically enrolled in Extra Help. They get a purple notice that tells them that they are deemed eligible without even applying, usually because:
If you’re not automatically enrolled in Extra Help, applying for it is easy. This can be done by going to the Social Security website and applying online at www.socialsecurity.gov/extrahelp or by contacting Social Security via phone at 1-800-772-1213. You may also apply at your local Social Security office.
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