Not able to cover your Medicare Part B Premium?

 

If you can't afford your Medicare Part B premiums, here are some options to help:

Financial Assistance Programs:

• Medicare Savings Programs: These state-run programs help low-income individuals pay for Part B premiums, deductibles, and coinsurance. Eligibility is based on income and assets. You can find your state's program through the Social Security Administration website: https://www.medicare.gov/medicare-savings-programs
• Extra Help: This program helps low-income individuals pay for their Part D prescription drug plan premiums, deductibles, and coinsurance. You can apply through the Social Security Administration website: https://www.ssa.gov/medicare/part-d-extra-help
• State Medicaid: Some states offer Medicaid programs that cover Medicare Part B premiums and other healthcare costs for low-income individuals. Contact your state Medicaid agency for more information.

Reduce Costs:

• Review your plan: Compare different Medicare Part B plans in your area to see if you can find a more affordable option. You can use Medicare's Plan Finder tool: https://www.medicare.gov/plan-compare/
• Delay enrollment: If you are healthy and have employer-sponsored health insurance, you may be able to delay enrolling in Part B until you retire or lose your employer-sponsored coverage. However, this will result in a late enrollment penalty if you enroll later.
• Consider alternatives: You may be able to get some of your healthcare needs covered by other sources, such as TRICARE for military retirees or the Veterans Administration for veterans.

Additional Resources:

• State Health Insurance Assistance Program (SHIP): https://www.shiphelp.org/ - Offers free counseling and assistance with Medicare.
• Medicare Rights Center: https://www.medicare.gov/coverage/ambulatory-surgical-centers - Provides information and advocacy on Medicare issues.
• Social Security Administration: https://www.ssa.gov/ - Provides information on Medicare benefits and eligibility.

Remember, it's important to explore all your options and seek help if you need it. Don't let the cost of Medicare premiums prevent you from getting the healthcare you need. If you would like to see if you qualify for extra help Click Here and a licensed agent will be in contact.