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

Annual deductible

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