What Is Medicare Extra Help?

Prescription medications can become one of the biggest healthcare expenses for people on Medicare. The good news is that there may be assistance available through a program called Extra Help.

At Medicare Pro, one of the most common questions we hear is:
“What exactly is Extra Help in Medicare?”

What Is the Extra Help Program?

The Extra Help program is also known as the Low Income Subsidy (LIS) Program. It is administered by Social Security and is designed to help eligible Medicare beneficiaries lower the cost of their prescription medications.

If you qualify, the program can help reduce:

• Prescription drug premiums
• Deductibles
• Copays
• Overall out-of-pocket medication costs

For many people taking expensive medications, this assistance can make a significant financial difference.

Who Qualifies for Extra Help?

Eligibility is based primarily on income and certain financial resources. These income limits can change from year to year, so it’s important to check the most current guidelines through Social Security.

Even if you’re unsure whether you qualify, it’s still worth applying.

How to Apply

Applying for Extra Help is simpler than many people think. The application can typically be completed online in about 5 to 10 minutes through the Social Security website.

During the application process, you’ll answer:

• Basic personal information
• Income questions
• Financial resource questions

There is also an option at the end of the application that may allow your information to be sent to your state to determine if you qualify for additional assistance programs.

Why You Should Consider Applying

If your prescription drug costs are becoming difficult to manage, the Extra Help program could provide valuable savings. Since the application process is quick and there’s no downside to checking eligibility, many Medicare beneficiaries may benefit from exploring this option.

Final Thoughts

Programs like Extra Help exist to make healthcare more affordable for people on Medicare. If you or someone you know struggles with medication costs, this may be a valuable resource worth exploring.

At Medicare Pro, we’re committed to helping people better understand their Medicare options and discover programs that may help them save money.

For more Medicare education and guidance, visit MedicarePro.online