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In many cases, to qualify for a Medicare Savings Program, you must have income and resources below a certain limit, as described below. These limits go up each year. You may still qualify for these programs in your state even if your income or resources are higher than the federal limits listed.
Who’s eligible for a Medicare Savings Program? Eligibility for each program is decided by your state. Income and resource limits vary by state (some states don’t count your resources at all), but most states use the income and resource limits listed below.
Medicare’s Limited Income Newly Eligible Transition (LI NET) Program gives you temporary drug coverage if you qualify for Extra Help, but aren’t in a Medicare drug plan yet. This program: • Covers all Part D covered drugs • Has no network pharmacy restrictions • Makes sure you’ll only be charged a reduced copayment for your drugs
2. Is your income for 2024 at or below the limits listed . on page 3? The information . in the chart is available at Medicare.gov/ medicare-savings-programs. If you have income from working, you may qualify for these benefits even if your income is higher than these limits. Some states don’t count certain types or specific amounts of income
In most cases, to qualify for Extra Help, you must have income and resources below a certain limit. These limits may go up each year. Income and resource limits in 2024:
If you have Medicare and your income and resources are below certain limits, you may be eligible for programs that can help save you money on your health care and drug costs.
What you pay in 2024: Premium: $174.70 each month ($185 in 2025) (or higher depending on your income). The amount can change each year. You’ll pay the premium each month, even if you don’t get any Part B-covered services. Who pays a higher Part B premium because of income?
Extra Help affording prescription drug coverage (the Part D Low-Income Subsidy (LIS) program) will expand to cover more drug costs for people with limited resources who earn less than 150% of the federal poverty level, starting in 2024. People who qualify for Extra Help generally will pay no more than $4.50 for each generic drug and $11.20 for ...
The U.S. territories also have programs that help people with limited income and resources pay their Medicare costs. Contact your State Medical Assistance (Medicaid) office to get details about these cost-saving programs.
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