Low Income Subsidy (LIS) from the Federal Government
You may automatically qualify for extra help with Medicare Part D expenses if:
• You are enrolled in both Medicare and Medicaid
• You are enrolled in a Medicare Savings Program that helps pay your medical bills or pays your Medicare Premiums (QMB, SLMB)
• You receive Supplemental Security Income (SSI)
If you do not automatically qualify for help with Medicare Part D expenses but you have limited income and assets, you may be eligible for some extra help:
• If your income is no more than $15,315 a year ($1,276 per month) for individuals and $20,535 a year ($1,711 per month) for couples and you have limited assets of no more than $11,700 (individuals) and $23,410 (couples), you may qualify for help. Assets include savings, stocks, bonds, CDs, but not your home or car. Income may be higher if some of the income is earned income.
• If you qualify, you will get help paying for your drug plan’s monthly premium, deductable and for some of the co-pays of your prescriptions. The type of extra help will be based on income and assets.