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Article: Need Help with Medicare Costs?

Need Help with Medicare Costs?

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  1. Need Help with Medicare Costs?

Need Help with Medicare Costs?

By the GWAAR Medicare Outreach Team. 2020

Many people with Medicare find it difficult to afford all their monthly expenses. If you have limited income and resources, you may qualify for help paying your Medicare related costs. Medicare Savings Programs (MSP) are federally funded programs administered by each individual state. These programs help pay some, or all, of the Medicare premiums, deductibles, copayments and coinsurance for those who are eligible. There are different MSPs, each with different income and asset eligibility limits.

You may qualify for a MSP if your monthly income is at or below $1,435 ($1,939 for a married couple) (*2020 income limits) and your assets are under $7,860 ($11,800 for a married couple). If you are enrolled in a MSP, you automatically qualify for Part D Extra Help, a Medicare program that helps people pay for their Medicare prescription drug coverage.

To learn more, or for assistance in determining if you are eligible, contact your County or Regional Aging and Disability Resource Center (ADRC).

 

Last Updated on 4/28/2020