Understanding Low Income Subsidy (LIS) / Extra Help: Assistance for Prescription Drug Costs
Are you struggling to afford the prescription medications you need? If you have limited income and resources, you may qualify for assistance through the Low Income Subsidy (LIS) program, also known as Extra Help. At MediConnect, we’re committed to helping individuals access the support they need to afford their prescription drugs.
What is Low Income Subsidy (LIS) / Extra Help?
The Low Income Subsidy (LIS) program, also referred to as Extra Help, is a federal program designed to assist people with Medicare in paying for their prescription drug costs. It helps cover expenses such as premiums, deductibles, and coinsurance associated with Medicare Part D prescription drug plans.
Eligibility for LIS / Extra Help
To qualify for Low Income Subsidy (LIS) / Extra Help, you must meet certain income and resource limits. Eligibility is based on your income level and varies depending on your individual or household circumstances. Some factors that may affect eligibility include:
– Income: Your income must be below a certain threshold, which is adjusted annually. Sources of income considered include wages, Social Security benefits, pensions, and other forms of financial support.
– Resources: Your total countable resources, including savings, investments, and real estate (excluding your primary residence and certain other assets), must also fall below a specified limit.
Benefits of LIS / Extra Help
Enrolling in the Low Income Subsidy (LIS) / Extra Help program can provide significant financial assistance for your prescription drug costs:
– Premium Assistance: LIS / Extra Help may cover some or all of your Medicare Part D premium, reducing or eliminating this monthly expense.
– Reduced Deductibles and Copayments: You may have lower out-of-pocket costs for your prescription medications, including reduced deductibles, copayments, and coinsurance.
– Coverage in the Coverage Gap (Donut Hole): If you’re enrolled in a Medicare Part D plan, LIS / Extra Help can help cover the costs of prescription drugs during the coverage gap, also known as the “donut hole.”
How MediConnect Can Help
Navigating the application process for Low Income Subsidy (LIS) / Extra Help can be daunting, but you don’t have to do it alone. At MediConnect, we’re here to provide assistance and support every step of the way:
– Application Assistance: Our team will help you complete the LIS / Extra Help application accurately and efficiently, ensuring that you provide all the necessary information to determine your eligibility.
– Understanding Benefits: We’ll explain the benefits of LIS / Extra Help and how they can help you save money on your prescription drug costs, empowering you to make informed decisions about your healthcare.
– Ongoing Support: If you have questions about your LIS / Extra Help coverage or need assistance with your Medicare Part D plan, our team is here to help. We’ll provide ongoing support to ensure that you get the most out of your benefits.
Additional Resources
In addition to our personalized assistance, there are resources available to help you learn more about Low Income Subsidy (LIS) / Extra Help and other assistance programs:
– Social Security Administration: Visit the Social Security Administration website at SSA.gov to learn more about the LIS / Extra Help program, including eligibility criteria and how to apply.
– Medicare.gov: Explore the Medicare website for information on Medicare Part D prescription drug coverage and other Medicare programs that may help you afford your healthcare costs.
– Local Assistance: Many community organizations and healthcare providers offer assistance programs to help individuals access the support they need. Contact your local health department or community center for more information.
If you’re struggling to afford your prescription medications, Low Income Subsidy (LIS) / Extra Help may provide the assistance you need. At MediConnect, we’re dedicated to helping individuals access the support they need to afford their prescription drugs and maintain their health and well-being.
Contact us today to learn more about LIS / Extra Help and how we can assist you in applying for this valuable program. Don’t let financial barriers prevent you from getting the medication you need to stay healthy and thrive.
Learn more here.
