ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel
  • »
  • Personal Finance»
  • Retirement

Medicare Financial Assistance

Updated on October 8, 2012

Medicare Assistance Programs

If you are having a tough time making it financially with Medicare alone, you should know about possible extra help services in your area. Extra Help is Medicare assistance that provides people with low income financial assistance (and other types of assistance) for things such as:

  • Medicare Prescription Drug Costs
  • Medicare Premiums
  • Medicare Premiums
  • Medicare Deductibles
  • Medicare Co-payments
  • Medicare Coinsurance

And More....

Medicare Extra Help

The amounts of Medicare financial assistance can change each year, and the amount of assistance you may qualify for is directly related to your income.

There are three basic forms of Medicare financial assistance that fall underneath the umbrella of Extra Help, they are” Low Income Subsidy (LIS); State Pharmaceutical Assistance Program (SPAP); and Program of All-Inclusive Care for the Elderly (PACE).

The breakdown below provides a brief summary of each of the three Medicare assistance programs

Three Basic Medicare Extra Help Programs

Low Income Subsidy (LIS)

LIS provides financial help with prescription drug plan costs. LIS assistance is extended to low income Medicare participants for help with premiums, deductibles, coinsurance, and co-payments.

LIS is a federal program, so if you move it will follow you from state to state.

To find out about LIS in your area, visit the Social Security Administration website.

State Pharmaceutical Assistance Program (SPAP)

SPAP also provides financial assistance with prescription drug plan costs, just like LIS, the assistance is meant to cover premiums, co-payments, deductibles and coinsurance.

SPAP is a state sponsored program, so eligibility differs by state and rules and standards can change in each service area. Unlike LIS, SPAP does not follow you from state to state.

To find out more information about SPAP in your area, please visit the Medicare website.

Program of All-Inclusive Care for the Elderly (PACE)

PACE vastly differs from the two other Medicare assistance programs. PACE provides long-term services to the elderly, helping them receive care at home rather than in an actual nursing home.

PACE offers a full suite of services that combines medical care with social care, long-term care, and prescription drug coverage.

In order to be eligible for PACE services, you must be 55 years of age or older, live in the service area of PACE organizations, and you must be able to live safely out in the community.

The program does not follow you from state to state, so if you move, you must re-qualify for a different PACE organization in your new service area. Please contact your Medicare SHIP counselor to get more information about these programs in your current area

Comments

    0 of 8192 characters used
    Post Comment

    No comments yet.

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: "https://hubpages.com/privacy-policy#gdpr"

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)