Drug Cost Subsidy for Eligible Seniors

The Federal Government has expanded its drug expense assistance for low income seniors and the program could have a significant reduction or even eliminate drug costs.

Social Security administers the Extra Help program which subsidized Medicare Part D prescription premiums and assists with deductibles and co-insurance.

The program is available if income for individuals is no more than $16,245 per year or $21,855 for married couples. One of the changes this year is that cash value life insurance is no longer counted as a resource.

To review the specifics on this program, visit The Social Security website, http://www.ssa.gov/prescriptionhelp/. An on-line application is also available on the same site: https://secure.ssa.gov/apps6z/i1020/main.html.

If you have a family member or friend who can qualify and needs additional financial help with drug costs (and who doesn’t), the Extra Help program is certainly worth looking into.