EXTRA HELP/LOW INCOME SUBSIDY (LIS)
Extra Help, also known as the Part D Low-Income Subsidy (LIS), is a federal program that helps pay for some to most of the out-of-pocket costs of Medicare prescription drug coverage for eligible individuals who have a limited income.
Medicare beneficiaries receiving the low-income subsidy (LIS) get assistance in paying for:
Part D monthly premium
Coinsurance and Co-payments.
Coverage in the gap (donut hole)
Part D Late Enrollment Penalty (waived)
Extra Help Eligibility?
You may qualify for the Extra Help available under Medicare Part D if:
Your assets are less than $14,100 (single individual) or $28,150 (married couple living together)
Your annual income is less than $18,210 (single individual) or $24,690 (married couple living together).
Your annual income is higher than the eligibility limit, but you support other family members who also live in the same household; or you live in Hawaii or Alaska.
Assets that count toward eligibility include:
Cash and bank accounts, including checking, savings, and certificates of deposit
Real estate outside of your primary residence
Stocks and bonds, including U.S. savings bonds
Mutual funds and IRAs