A State Pharmaceutical Assistance Program (SPAP) provides state-funded prescription drug assistance to people who need help paying for their monthly prescription drug plan premiums, deductibles, copays, and coinsurance. For most programs, members must meet specific income guidelines and additional requirem...
Medicare Savings Programs (MSPs) help low-income Medicare beneficiaries to pay some Medicare Part A and B costs.
If you can work, your condition must prevent you from earning income above an amount considered “substantial gainful activity” or (SGA). In 2024, SGA is $1,550 per month, or $2,590 if you’re considered blind under SSA rules. The third requirement for qualification is having enough ...
Extra help with Medicare prescription costs available Social SecurityBy Valrea Thompson
If you have trouble finding funds for Part D costs, find out whether you qualify forExtra Help. This program helps qualifying low-income Medicare beneficiaries pay deductibles, premiums, and copays for prescriptions. Deductible Phase Thedeductibleis the amount you pay before Medicare starts paying ...
Extra Help or Low-Income Subsidy (LIS): If you have limited income and resources, you may qualify for Extra Help, also known as the Low-Income Subsidy (LIS). This program helps cover the costs of Medicare Part D premiums, deductibles, and copayments. It can significantly reduce your out...
Updated onNovember 21, 2024 Written By: David Haass Reviewed By: Ashlee Zareczny Cigna, one of the largest health insurance companies in the United States, offers a variety of Medicare supplement plans to help cover out-of-pocket costs left by Original Medicare. Cigna Medicare Supplement Plans...
Income-Related Part B Premiums The standard monthly premium for Medicare Part B is $185.00 for 2025, though this amount can change from year to year and based on income. If you collect Social Security or Railroad Retirement Board benefits, your Medicare Part B premium can be automatically deduc...
Updated on November 18, 2024 Written By: David Haass Reviewed By: Ashlee ZarecznySummary: The Medicare Annual Enrollment Period (AEP) occurs from October 15 to December 7 annually. If you have a Medicare Advantage plan or Medicare Part D Prescription Drug Plan, you can make changes that go...
If you're 65 or older, make sure the Medicare Part D Open Enrollment period for 2025 is on your calendar: October 15 through December 7, 2024. Good Neighbor Pharmacy has the information you need to help you make your plan selection: What are the different types of Medicare? Why would yo...