Taken from the Social Security website at http://www.socialsecurity.gov/prescriptionhelp/10163.htm
Do you know someone who needs help with prescription costs?
Now, you can help someone you care about apply for extra help with their Medicare prescription drug costs. Anyone who has Medicare can get Medicare Prescription Drug coverage. Extra help is available for some people with limited income and resources. It will pay for all or most of the monthly premiums and annual deductibles and lower the prescription co-payments related to their plan. The extra help could be worth up to $3,600 per year. Many people with limited income and resources qualify for these big savings and don’t even know it. To find out if someone is eligible, Social Security will need to know their income and the value of their savings, investments and real estate (other than their home). If they are married and living with their spouse, we will need this information for both of them.
To qualify for extra help they must have:
- Income limited to $15,600 for an individual or $21,000 for a married couple living together.
Even if their annual income is higher, the ones you care about still may be able to get some help with monthly premiums, annual deductibles and prescription co-payments. Some examples where income may be higher include if they or their spouse:
- Support other family members who live with them;
- Have earnings from work; or
- Live in Alaska or Hawaii; and
- Resources limited to $11,990 for an individual or $23,970 for a married couple living together. Resources include such things as bank accounts, stocks and bonds. We do not count their house and car as resources.
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