Many people who did not qualify for the Extra Help program just a few years ago may now receive at least some financial assistance.
Saint Augustine, FL (PRWEB) July 08, 2011
Q1Medicare.com has updated their Medicare Part D financial Extra Help section with more information to help Medicare beneficiaries learn about the Extra Help or Low-Income Subsidy program. The updates include the newly released 2011 income and resource limits defining when a person qualifies for the Extra Help program, along with Medicare guidance and online Medicare plan selection tools.
The financial Extra Help program assists people who are having financial difficulties paying their Medicare Part D prescription drug plan premiums and purchasing their prescription drugs. Based on a person’s income and financial resources, Medicare beneficiaries may qualify for either full or partial financial assistance that can cover both monthly Medicare Part D premiums and most of their prescription drug costs. People who qualify for the Extra Help program also are entitled to a continuous Special Enrollment Period throughout the plan year, during which they can join or change their Medicare Part D prescription drug coverage. Extra Help recipients also are not subject to any Medicare Part D late-enrollment penalties.
If a Medicare beneficiary is already eligible for Medicaid, they are automatically qualified for the Medicare Part D financial Extra Help program. However, there are many Medicare beneficiaries who may not meet the financial qualifications for Medicaid, but they may still qualify for the Medicare Part D Extra Help program. In fact, with changes to the Medicare law, Medicare expects that hundreds of thousands of people could now get Extra Help paying their prescription costs, saving a person as much as $4,000 per year.
“Many people are still not aware that the definitions of resources and income, used to qualify for the Low-Income Subsidy, have changed since the beginning of the Extra Help program,” notes Dr. Susan Johnson, Technical Director and co-founder of Q1Group LLC. “Many people who did not qualify for the Extra Help program just a few years ago may now receive at least some financial assistance.”
The Q1Medicare.com financial Extra Help section found at Q1Medicare.com/ExtraHelp provides general information on the Extra Help program as well as information for people interested in specific areas of the Low-Income Subsidy, such as “Calculating your income and resources”, “Correcting your LIS status”, “Medicaid ‘spend down’”, and “How to appeal the Social Security Administration’s decision on your Extra Help application”.
Q1Medicare.com also helps people search for Medicare Part D prescription drug plans in their area that qualify for the full Low-Income Subsidy $0 monthly premium using their PDP-Finder tool. A PDP-Finder example showing the $0 premium Medicare Part D plans in California can be found at Q1Medicare.com/ExtraHelp/CA.
About the Q1Medicare.com Website
Q1Medicare.com is one of the largest independent online resources for Medicare Part D prescription drug plan and Medicare Advantage plan information. Q1Medicare offers a large section of Frequently Asked Questions, online tools, and a free Medicare Part D Newsletter all designed to help Medicare beneficiaries, caregivers, advocates, advisors, and insurance agents better understand both the Medicare Part D prescription drug and Medicare Advantage programs.
Q1Medicare.com is operated by Q1Group LLC (Saint Augustine, Florida).
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