
Help with Medicare drug costs
Extra Help, a well-known program administered by Social Security and the Centers for Medicare and Medicaid Services, or CMS, can easily reduce prescription drug expenses for low-income Medicare beneficiaries by as much as $5,000 a year.
The help can be easily placed in the category of premiums, deductibles, and copays related to a Medicare drug plan. The program is fully open to residents of the 50 states, but also to residents of the District of Columbia who are currently enrolled in Medicare Part A and Medicare Part B.
Also, they need to have an income under the threshold of $19,320 for an individual and $26,130 for a married couple living together. There’s also a set of strict limits on financial assets, like savings, investments, and even property.