Information you need to live a happy, worry-free retirement!
Feb 16, 2015
If you’re a Medicare beneficiary with limited income and resources, you may qualify for a Low-Income Subsidy (LIS), also known as “Extra Help,” to help pay for prescription drugs costs. Unfortunately, many consumers who actually qualify for extra help don’t know that they do.
LIS is a program for Medicare beneficiaries who have limited income and resources aimed at helping them pay their monthly Part D premium, yearly deductible, prescription coinsurance and copayments. Depending on your income and resources, your LIS benefit could offer up to $4,000 per year to help pay prescription drug plan expenses.
Those who are eligible for LIS fall into two basic categories:
If you meet the following criteria, you may qualify for Extra Help:
More than one-third (34%) of all Medicare beneficiaries reported income less than 150% of FPL. If you think you might be eligible for LIS, call Mature Health Center at 1-800-639-0781. One of our Benefit Advisors will help you get the extra benefits you need.