Monday, February 13, 2012

Extra Help

There have been changes to the federal law regarding “extra help” medication for seniors. However, about 2 million eligible people have not signed on. Extra Help (also called low income subsidy), provides financial assistance on premiums, deductibles, and prescriptions. To qualify, one must be on Medicare, have an annual income less than $16,335 (married couples - $$22.065), and assets of $12,640 (married-$25,260) or less. Some assets, like a home, a car, or life insurance do not count.  For further information please visit ssa.gov/pubs/10115.html.
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