Help with Medicare Costs
Medicare costs can add up. There are premiums, copays, coinsurance and other out-of-pocket costs. All of these can add up to thousands of dollars you have to pay every year. But fortunately, there is help available those who qualify to help cover some of these costs. If you have limited income and resources, you might be eligible and you could save up to $5000/year.
- Is your monthly income less than or equal to $1,615 single/$2,175 couple?
- Are your assets less than $18,000, not including your home or car?
If you answered yes, then you may be eligible for help with your Medicare costs.
Medicare Savings Programs
Medicare Savings Programs (MSP) help pay for Medicare Part A and Part B costs. If you’re eligible, your Part B monthly premium of $148.50 will be put back into your Social Security check, so you’ll have more money to available. MSP may also cover other Medicare costs.
To find out if you qualify and to apply for MSP, call the Senior LinkAge Line at 800-333-2433, Monday – Friday between 8:00 a.m. - 4:30 p.m.
Medicare Part D Extra Help
Medicare Part D Low Income Subsidy (LIS), which is also known as Extra Help, helps pay for Medicare Part D monthly premiums, deductibles, copays and coinsurance.
You can apply for Extra Help online on the Social Security website you can get help apply by calling the Senior LinkAge Line at 800-333-2433, Monday – Friday between 8:00 a.m. - 4:30 p.m.
The Senior LinkAge Line is Minnesota’s federally designated State Health Insurance
Assistance Program (SHIP) and provides free help with all issues related to Medicare.