FROM RON MCCOY
Eartha Dumond from the Aging and Disabilities Resource Center will be speaking at our Caregiver Support Group on Monday, March 15, at 2 p.m. about ways for income-eligible individuals to save money on their Medicare Part B monthly deductibles and their Part D prescription drug costs. She is also a Medicaid specialist, so she can answer questions related to qualifying for Medicaid benefits and programs, too.
As I understand it, the Medicare Savings Programs are available to help people pay for their Part B premium, which is often a $96.40 deduction per month from one’s income. To qualify to save this money, an individual can have up to $13,236 in yearly income (about $1,103 per month) and $6,600 in assets. A married couple can have up to $17,724 in yearly income (about $1,477 per month) and $9,910 in assets.
“Extra Help” is a Medicare program that helps pay for Part D prescription drug costs. Anyone who is on Part D and meets the following income/assets guidelines should apply for this benefit, which could save a person up to $3,900 annually. To qualify, an individual can have up to $16,245 in yearly income ($1,353 per month) and assets up to $12,510. A married couple can have up to $21,855 in yearly income ($1,821 per month) and assets up to $25,010.
PLEASE spread the word and come with your Medicare and Medicaid questions—Monday, March 15, 2:00 p.m. at Meyerhoff Senior Center!