Tehachapi News

All > News
Medicare beneficiaries: make drug plan most important
Topics:
Posted by editor Sat Apr 8, 2006 10:51:00 PDT
Viewed 394 times
0 responses 0 comments Medicare beneficiaries who have not yet enrolled in the new Medicare Prescription Drug program should consider putting this cost-saving opportunity at the very top of their to-do list. The deadline for initial enrollment in the Medicare Prescription Drug program ends on May 15. Medicare beneficiaries who have limited income and resources can maximize their cost-savings by also applying for extra help that is available to pay for part of the monthly premiums, annual deductibles and prescription co-payments under the new prescription drug program. That extra help could be worth an average of $2,100 per year for those who qualify.

Could you qualify for extra help? You may if your annual income is below $14,355 ($19, 245 for a married couple living together) and you have resources totaling no more than $10,000 ($20,000 for a married couple living together). Resources include such things as bank accounts, stocks and bonds but do not include your house and car. And resources can be slightly higher if you will use some of your money for burial expenses.

Because time is running short, you need to act now. If you think that you might qualify for the extra help, you can complete and online application at www.socialsecurity.gov/ or you can call Social Security at 1-800-772-1213 (TTY 1-800-325-0778) and ask for an application. If you prefer, we can help you complete one over the phone. You also can visit your local Social Security office. Someone there can help you complete an application.

After you apply, Social Security will review your application and let you know if you qualify for the extra help. If you qualify, you will then need to enroll in a Medicare-approved prescription drug plan to get help with your prescription costs.
Remember, it is not too late to sign up for participation in the new Medicare Prescription Drug program or to see if you qualify for extra help in meeting the costs of the new program. But to take advantage of these opportunities, you must act now.

Send to a Friend

Report a Violation