For individuals with low income there is a program offered through Medicare Part D that can help pay for prescription drugs and medical care. With over two million people who can qualify, but are unaware of this program, this information about what is the Medicare Part D low income subsidiary program can help individuals see if they qualify.
If your wondering what is the Medicare Part D low income subsidiary program and what are the qualifications for an individual to benefit from it, this Medicare Part D program was created specifically for individuals who have a low income and few resources and need extra help paying for their prescription medications and medical care.
For individuals whose monthly income that does not exceed $1,354 per month and married couples whose income does not exceed $1,821 monthly may be able to qualify for this extra help, which is also called low-income subsidy. There are also limits on resources that an individual can own, which is $5,600 and $9,900 for couples. Resources include checking accounts, savings accounts, bonds and stocks, but do not include homes, autos, life insurance or family heirlooms. If these qualifications are meant, Medicare Part D will help pay for certain prescriptions costs.
For individuals who want to know what is the Medicare Part D low income subsidiary program and what it covers, the program helps pay their prescription plan’s monthly premium or depending on income, the individual may not have to pay a monthly premium at all. This program also helps cover costs of yearly deductibles and helps pay co-payments or coinsurance for medications that are included on the list of covered drugs.