What is Medicare Extra Help and who qualifies for it now?
Medicare Extra Help can cut retirees' prescription drug costs, but program eligibility hinges on a few key factors.
Medicare Extra Help, also known as the Part D Low-Income Subsidy (LIS), is a federal program that helps low-income Medicare beneficiaries with their prescription drug costs. It reduces the Part D plan premium, deductible, and limits the amount beneficiaries pay for prescriptions at participating pharmacies. Some recipients may even pay no Part D late enrollment penalty while receiving the assistance.
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