An agent from Winter Springs, FL asks…
Q: One of my clients is on Part D but is experiencing some financial difficulty. Can I get any of Medicare Part D’s costs waived?
A: Low-income Medicare beneficiaries may qualify for a subsidy to help pay costs associated with Part D plans. Also, under certain circumstances, the copayment for prescriptions may be waived or reduced.
You may qualify for a low-income Part D subsidy (about $2,100 of assistance) if:
- your income is no more than 135%-149% of the federal poverty level (see “2006 HHS Poverty Guidelines” at U.S. Department of Health and Human Services at http://aspe.hhs.gov/poverty/index.shtml), and
- your assets, not including your own home, are less than $11,500 ($23,000 for a married couple).
You can learn more about eligibility requirements and apply for a subsidy at the Social Security Administration office online at www.ssa.gov.