Concerned About Paying Medicare Premiums?
Contact Social Security at 1-800-772-1213 Monday through Friday from 7am to 7pm. You can also contact your local Medicaid office.
What is Medicaid?
Medicaid is a joint federal and state program that funds essential medical assistance for certain individuals and families with limited incomes. Medicaid includes programs that help eligible persons pay Medicare premiums and cost sharing. It may also include some added benefits, including prescription drugs, eye care or long-term care that Original Medicare doesn’t cover.
Programs of All-Inclusive Care for the Elderly — also known as “PACE” — combines medical, social and long-term care services for people over the age of 55 who meet the qualifications to receive nursing home care, but live and get their services in the community. This program is not available in all states, so be sure to check with your local Medicaid or your state Medical Assistance office.
There are also prescription drug premium assistance programs that may help pay some or all of an individual’s Medicare Part D premiums, deductibles, copays and coinsurance. This assistance varies from state to state.
Eligibility is based on your income, including monies you receive from retirement benefits and investments. It also includes your assets (other than your primary home).
The annual income eligibility levels vary by state and assistance program. For 2012, the income eligibility averages $16,335 a year for an individual and $22,065 for a couple. Eligibility in your state may be slightly more or slightly less.
Asking for Help with Your Medicare Plan
Fewer than half of those who qualify for assistance apply to receive the benefits. If you think you qualify, apply today.