Low Income Subsidy Amounts Going Way UP in 2016

[wehotex]

Taken from Medicare.gov:

Save on drug costs
If you meet certain income and resource limits, you may qualify for Extra Help from Medicare to pay the costs of Medicare prescription drug coverage.

In 2015, drug costs for most people who qualify are no more than $2.65 for each generic, $6.60 for each brand. (In 2016, costs are no more than $2.95 for each generic/$7.40 for each brand-name covered drug.)[/B]

 

[Justin Bilyj]

Thanks for the update, do you help alot of people out on LIS QMB etc.?

 

[wehotex]

Thanks for the update, do you help alot of people out on LIS QMB etc.?

Yes. They will be howling over this.

 

[somarco]

Tell them to get a job.

 

[Justin Bilyj]

Yes. They will be howling over this.

Where/what site do you recommend for a senior to check if they are eligible for help?

 

[Stephen]

Where/what site do you recommend for a senior to check if they are eligible for help?

Extra Help with Medicare Prescription Drug Plan Costs

 

[GreenSky]

That's the MAXIMUM and not much different than now. It's also wrong because it's possible to have a LIS and pay 15% after a $65 deductible.

Rick

 

[somarco]

It's also wrong because it's possible to have a LIS and pay 15% after a $65 deductible.

Did you learn that from one of those associations that charge a fee to train agents?

 

[GreenSky]

Did you learn that from one of those associations that charge a fee to train agents?

No, I learned that on my own.

Rick

 

[sshafran]

Yes. They will be howling over this.

Well when you take 30 different meds.... that's like 1/2 of the income!