Other ways to pay for Medicare
If you need assistance to be able to cover the cost of Medicare Part A or B, there are four special kinds of Medicare savings programs [6] that can help you. Although there are also qualifications to meet before you register for any of these programs. Rules guiding these programs vary in different states, you are to abide by the state you live in.
The savings program includes:
- Qualifying individual [7]
- Qualified Medicare Beneficiary (QMB) [8]
- Qualified Disabled and Working Individuals [9]
- Specified Low-income Medicare Beneficiary [10]
To know what program you qualify for, you can contact the Social Security Administration.
Conclusion
Medicare Extra Help is a special program under Medicare that is designed to assist with the cost of prescription drugs. With it, you don’t have to worry about copays, deductible costs, and premiums. The assistance you get depends on your income and assets either as an individual or a couple (married).
References
[1] https://www.medicareinteractive.org/get-answers/medicare-prescription-drug-coverage-part-d/medicare-part-d-coverage/part-d-basics
[2] https://www.medicareinteractive.org/get-answers/medicare-covered-services/medicare-coverage-overview/summary-of-part-a-covered-services
[3] https://www.anthem.com/medicare/learn-about-medicare/what-is-medicare-part-c
[4] http://www.medicare.gov/
[5] https://www.ssa.gov/ssi/
[6] https://www.medicare.gov/your-medicare-costs/get-help-paying-costs/medicare-savings-programs
[7] https://www.webmd.com/health-insurance/terms/qualifying-individual-program
[8] https://www.cms.gov/Medicare-Medicaid-Coordination/Medicare-and-Medicaid-Coordination/Medicare-Medicaid-Coordination-Office/QMB
[9] https://www.benefits.gov/benefit/6180
[10] https://www.benefits.gov/benefit/6178