I helped my dad save $3,600 on prescription drugs. You can too!

Do you know someone who needs help with prescription costs?

Now, you can help someone you care about apply for extra help with their Medicare prescription drug costs. Anyone who has Medicare can get Medicare Prescription Drug coverage. Extra help is available for some people with limited income and resources. It will pay for all or most of the monthly premiums and annual deductibles and lower the prescription co-payments related to their plan. The extra help could be worth up to $3,600 per year. Many people with limited income and resources qualify for these big savings and don’t even know it. To find out if someone is eligible, Social Security will need to know their income and the value of their savings, investments and real estate (other than their home). If they are married and living with their spouse, we will need this information for both of them.
To qualify for extra help they must have:

• Income limited to $15,600 for an individual or $21,000 for a married couple living together.

   Even if their annual income is higher, the ones you care about still may be able to get some help with monthly premiums, annual deductibles and prescription co-payments. Some examples where income may be higher include if they or their spouse:
  
  

  • Support other family members who live with them;
  • Have earnings from work; or
  • Live in Alaska or Hawaii; and
    
    

  Resources limited to $11,990 for an individual or $23,970 for a married couple living together Resources include such things as bank accounts, stocks and bonds. We do not count their house and car as resources.

Getting Started

Social Security developed an online application you can complete to help Medicare beneficiaries apply for extra help. Our worksheet can assist you in helping them complete the application for extra help. The worksheet is not an application.

Ask whoever you are helping to:

• Identify the things they own alone, with their spouse or with someone else. They should not include their home, vehicles, burial plots or personal possessions.
  
• Review all their income.
  
• Gather their records in advance to save time.

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Documents that will help you prepare in advance for anyone you are helping

• Statements that show their account balances at banks, credit unions or other financial institutions;
• Investment statements;
• Life insurance policy statements;
• Stock certificates;
• Tax returns;
• Pension award letters; and
• Payroll slips.

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State agencies may be able to help with Medicare costs

Medicare Savings Programs help people with limited income and resources pay for their Medicare expenses. If whoever you are helping pays a premium for Medicare Part A, the Medicare Savings Programs may pay it for them. The help they get from the Medicare Savings Programs can save them more than $1,100 a year.

If you think they might be able to get help from their State with Medicare costs, or if you are not sure, call their State medical assistance (Medicaid) office or call 1-800-MEDICARE (1-800-633-4227). TTY users should call 1-877-486-2048.

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How you can get more information

You can apply online. To apply by phone or get an application, call Social Security at 1-800-772-1213 (TTY 1-800-325-0778) and ask for the Application for Help with Medicare Prescription Drug Plan Costs.

To learn more about the Medicare prescription drug plans and special enrollment periods, call 1-800-MEDICARE (1-800-633-4227; TTY 1-877-486-2048) or visit www.medicare.gov. Medicare also can tell you or your loved one about agencies in your area that can help with Medicare prescription drug plans.

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