Extra Help for Medicare Part D
The Low Income Subsidy (LIS) program, also known as Extra Help, is a federal program that helps Medicare beneficiaries with limited income and resources pay for their Medicare Part D (prescription drug coverage) costs. This program can significantly reduce the costs associated with monthly premiums, annual deductibles, and prescription co-payments. Here is an overview of the key features:
Who Qualifies for LIS?
To be eligible for Extra Help, you must:
- Be enrolled in Medicare Part A (Hospital Insurance) and/or Medicare Part B (Medical Insurance).
- Reside in the U.S.
- Have limited income and resources.
Please see Current Income and Resource Limits Here: https://www.medicare.gov/basics/costs/help/drug-costs
How to Apply for LIS/Extra Help?
- You can apply through the Social Security Administration (SSA). The application is available online Apply for Medicare Part D Extra Help program | SSA or you can apply in person at your local SSA office.
- If you qualify for Medicaid, Supplemental Security Income (SSI), or a Medicare Savings Program, you may be automatically eligible for Extra Help without needing to apply separately.
Depending on your income and resources, you may qualify for either full or partial Extra Help. Full Extra Help covers more of the costs, while partial Extra Help reduces them but may still require some out-of-pocket expenses.
This program is a valuable resource for low-income seniors or individuals with disabilities in New York to manage their prescription drug costs under Medicare Part D.