There is no doubt that qualifying for extra help with Part D has allowed millions of people to afford their medications.
But for every person receiving extra help with their Medicare drugs through the low income subsidy there several others who are struggling to afford their medications.
This article will point you towards some other resources if you are looking to get some extra help. Although there is no guarantee that you will successful, it is certainly worth the effort to try.
Four resources for extra help with your Part D drug costs
1. First you need to determine if you qualify for a low income subsidy through the Part D program itself. There are two things to consider when determining if you qualify.
- Income – If you are single your income must be less than $16,335 per year. If you are married and living with your spouse your combined income must be less than $22,065.
- Resources – This is referring to your financial resources. Some things are exempt. Your house, car, life insurance and a $1500 burial insurance policy are not included in the total value of your assets. If you are single you can have up to $12,640 in assets. If married and living with your spouse you can have up to $25,260 in assets.
There are exceptions. Watch this brief Video to learn more. If you do not qualify for extra help with your Part D costs it’s time to consider some other options.
2. National and community based programs may be an option. There are programs offered both nationally and locally to offer assistance to certain groups of people. Visit www.benefitscheckup.org to learn about any programs that may be available.
3. State Pharmaceutical Assistance Programs (SPSP) may be available. Some states offer extra help with drug costs. Visit www.medicare.gov to learn more.
4. Manufacturer’s pharmaceutical assistance programs have proven to be a big benefit to many people struggling to pay for their Part D drugs. Many of the major drug manufacturers have programs in place to help people who are having difficulty paying for their drugs.
Speak with your doctor about any programs that may be available. Also don’t forget to ask about any free samples that may be available.
As you can see, getting extra help with Medicare drugs can require a little leg work. But given the high cost of medications it may be worth your time to see if you can save some money.
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